Re: YGPF

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have a 930pm call - I can call you after On Wed, Jan 20, 2016 at 7:40 PM, John Podesta <[email protected]> wrote: > Not great, but what's one more brick in the pack. Can I call you as late > as 9:30? > > > On Wednesday, January 20, 2016, Cheryl Mills <[email protected]> > wrote: > >> Tina >> >> This comes from 2007/2008 Q/A about WJC Yucapia relationship and taxes. >> >> >> cdm >> ---------- Forwarded message ---------- >> From: Heather Samuelson <[email protected]> >> Date: Wed, Jan 20, 2016 at 2:41 PM >> Subject: YGPF >> To: Cheryl Mills <[email protected]> >> >> >> >> Q. Why is YGPF organized in the Cayman Islands? >> >> >> >> A. The Yucaipa Global Partnership Fund invests in foreign corporations >> and welcomes foreign investors. >> >> >> >> To avoid double taxation -- where investors are taxed in two >> countries on the same income without an offsetting foreign tax credit in >> the investor's home country -- YGPF, like many international funds, is >> organized in the Cayman Islands. >> >> >> >> Taxable U.S. investors in funds organized in the Cayman Islands >> pay applicable U.S. taxes on income and gain from those funds, but are not >> subject to being taxed a second time on that same income or gain by the >> Cayman Islands. >> >> >> >> As an American citizen, President Clinton must and does pay all >> applicable U.S. taxes on all the income or gains he receives related to the >> Yucaipa Global Partnership Fund. >> >> >> >> Delivered-To: [email protected] Received: by 10.25.24.226 with SMTP id 95csp3380754lfy; Wed, 20 Jan 2016 18:21:50 -0800 (PST) X-Received: by 10.182.240.138 with SMTP id wa10mr30382539obc.42.1453342910540; Wed, 20 Jan 2016 18:21:50 -0800 (PST) Return-Path: <[email protected]> Received: from mail-oi0-x235.google.com (mail-oi0-x235.google.com. [2607:f8b0:4003:c06::235]) by mx.google.com with ESMTPS id rs11si8410347oec.15.2016.01.20.18.21.50 for <[email protected]> (version=TLS1_2 cipher=ECDHE-RSA-AES128-GCM-SHA256 bits=128/128); Wed, 20 Jan 2016 18:21:50 -0800 (PST) Received-SPF: pass (google.com: domain of [email protected] designates 2607:f8b0:4003:c06::235 as permitted sender) client-ip=2607:f8b0:4003:c06::235; Authentication-Results: mx.google.com; spf=pass (google.com: domain of [email protected] designates 2607:f8b0:4003:c06::235 as permitted sender) [email protected]; dkim=pass [email protected]; dmarc=pass (p=NONE dis=NONE) header.from=gmail.com Received: by mail-oi0-x235.google.com with SMTP id k206so15446814oia.1 for <[email protected]>; Wed, 20 Jan 2016 18:21:50 -0800 (PST) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:date:message-id:subject:from:to :content-type; bh=d+jg+/gupJt27M7uiLBhnPoZ3dRSlPpTIGxRlUyAcAc=; b=QZg2N3Sdesj302w32+9CvbC2vGPJX5pMfwEhKou+udCBbCp1992GFQ/TaoVfk/OAkN OQQD8ige0APcLC9fXsf7ITNiKz9QcuT9IeHLDMplOu+eacGGZgatAabHcc/osg3C5xSY Tl7kgN+eUU1rYjaXT6R/G18JXyBs+xPe54PmpwrXj5Tz8/aQ40bmXABUCtEi5uIfu+jH Z7NK0XCsVfekmPLn4fUp7C1pciFUzegwBrtQd67NNQJHsmf/CwgBOe+Wd8m/+qt/tyvD iZI/XuTmOfRrgnaGAZsX2PhOZBQNUo1YwDhJfeTXSa+V6KqF5Ik487y3UI6K2zIZ3zST a+xA== X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:mime-version:in-reply-to:references:date :message-id:subject:from:to:content-type; bh=d+jg+/gupJt27M7uiLBhnPoZ3dRSlPpTIGxRlUyAcAc=; b=ZinTrKP2CFgWRGsIj43mCxK0w0ODxJI6KCnNyq4jtN2DBDbcuWawknGsI4p/SbNrBi USmftKYoHYcoYWvt5jL6Tumy9xnNIXYEEoi82J6oxbVBGZcKUs814wHf2WHI2KGjut0G rJVqZVJLnKUgKzW6GJT2nwGtev5RvASyPCxGSakZ089cw6wbQuKY3CVG/4uid/Meib+N ZnDWyKf6pUutGHDg+UlRoz+54uMCqb3D30u4wY5I7pn65beH+IENGf0V5KHgH+YjbZHT xQ0z2Gd28QRjUz+YK2mEca+o9jr1ZjHlQUD4ewYMafjaT6feZsStSLXi9qiyt7EcPqyS xfEg== X-Gm-Message-State: ALoCoQlU4yaPbNIBIm0776RSHslQ/YeN7PrK6hbw8pMT5ai5oaOpp1Hvxe4+thgID1+iyKIpeA2o7byl33HDZ5zVazGnRfVkmw== MIME-Version: 1.0 X-Received: by 10.202.64.8 with SMTP id n8mr29433179oia.112.1453342910033; Wed, 20 Jan 2016 18:21:50 -0800 (PST) Received: by 10.76.171.3 with HTTP; Wed, 20 Jan 2016 18:21:49 -0800 (PST) In-Reply-To: <CAE6FiQ-rKmvDWVk6xceYtTLA_kwiUYPQqAVT57X+46mzX0dPNQ@mail.gmail.com> References: <BLUPR17MB03244AA85EAEC690E229956BA3C20@BLUPR17MB0324.namprd17.prod.outlook.com> <CALk44aCF4ud8Xmys6ysh7MGCVRBAP4KcWLXS5JdgfBNiFiePQA@mail.gmail.com> <CAE6FiQ-rKmvDWVk6xceYtTLA_kwiUYPQqAVT57X+46mzX0dPNQ@mail.gmail.com> Date: Wed, 20 Jan 2016 21:21:49 -0500 Message-ID: <CALk44aBTZo4vrs=w4N=tTEiGvXsSeLo8yTC7t2kWBC29t3mnuQ@mail.gmail.com> Subject: Re: YGPF From: Cheryl Mills <[email protected]> To: John Podesta <[email protected]> Content-Type: multipart/alternative; boundary=001a113dd484e3b3bb0529cec33e --001a113dd484e3b3bb0529cec33e Content-Type: text/plain; charset=UTF-8 i have a 930pm call - I can call you after On Wed, Jan 20, 2016 at 7:40 PM, John Podesta <[email protected]> wrote: > Not great, but what's one more brick in the pack. Can I call you as late > as 9:30? > > > On Wednesday, January 20, 2016, Cheryl Mills <[email protected]> > wrote: > >> Tina >> >> This comes from 2007/2008 Q/A about WJC Yucapia relationship and taxes. >> >> >> cdm >> ---------- Forwarded message ---------- >> From: Heather Samuelson <[email protected]> >> Date: Wed, Jan 20, 2016 at 2:41 PM >> Subject: YGPF >> To: Cheryl Mills <[email protected]> >> >> >> >> Q. Why is YGPF organized in the Cayman Islands? >> >> >> >> A. The Yucaipa Global Partnership Fund invests in foreign corporations >> and welcomes foreign investors. >> >> >> >> To avoid double taxation -- where investors are taxed in two >> countries on the same income without an offsetting foreign tax credit in >> the investor's home country -- YGPF, like many international funds, is >> organized in the Cayman Islands. >> >> >> >> Taxable U.S. investors in funds organized in the Cayman Islands >> pay applicable U.S. taxes on income and gain from those funds, but are not >> subject to being taxed a second time on that same income or gain by the >> Cayman Islands. >> >> >> >> As an American citizen, President Clinton must and does pay all >> applicable U.S. taxes on all the income or gains he receives related to the >> Yucaipa Global Partnership Fund. >> >> >> >> --001a113dd484e3b3bb0529cec33e Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable <div dir=3D"ltr">i have a 930pm call - I can call you after</div><div class= =3D"gmail_extra"><br><div class=3D"gmail_quote">On Wed, Jan 20, 2016 at 7:4= 0 PM, John Podesta <span dir=3D"ltr"><<a href=3D"mailto:john.podesta@gma= il.com" target=3D"_blank">[email protected]</a>></span> wrote:<br><= blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px= #ccc solid;padding-left:1ex">Not great, but what's one more brick in t= he pack. Can I call you as late as 9:30?<div class=3D"HOEnZb"><div class=3D= "h5"><br><br>On Wednesday, January 20, 2016, Cheryl Mills <<a href=3D"ma= ilto:[email protected]" target=3D"_blank">[email protected]</a>&g= t; wrote:<br><blockquote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;b= order-left:1px #ccc solid;padding-left:1ex"><div dir=3D"ltr">Tina<div><br><= /div><div>This comes from 2007/2008 Q/A about WJC Yucapia relationship and = taxes. =C2=A0</div><div><br></div><div><br></div><div>cdm<br><div class=3D"= gmail_quote">---------- Forwarded message ----------<br>From: <b class=3D"g= mail_sendername">Heather Samuelson</b> <span dir=3D"ltr"><<a>hsamuelson@= cdmillsgroup.com</a>></span><br>Date: Wed, Jan 20, 2016 at 2:41 PM<br>Su= bject: YGPF<br>To: Cheryl Mills <<a>[email protected]</a>><br><d= iv lang=3D"EN-US" link=3D"#0563C1" vlink=3D"#954F72"><div><br> <p class=3D"MsoNormal"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal">Q.=C2=A0 Why is YGPF organized in the Cayman Islands= ?<u></u><u></u></p> <p class=3D"MsoNormal"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">A.=C2=A0 The Yucaipa Glo= bal Partnership Fund invests in foreign corporations and welcomes foreign i= nvestors. <u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">=C2=A0=C2=A0=C2=A0=C2=A0= =C2=A0 To avoid double taxation -- where investors are taxed in two countri= es on the same income without an offsetting foreign tax credit in the inves= tor's home country -- YGPF, like many international funds, is organized in the Cayman Islands.<u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">=C2=A0=C2=A0=C2=A0=C2=A0= =C2=A0 <span style=3D"background:yellow"> Taxable U.S. investors in funds organized in the Cayman Islands pay applica= ble U.S. taxes on income and gain from those funds, but are not subject to = being taxed a second time on that same income or gain by the Cayman Islands= .</span><u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u>=C2=A0<u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in">=C2=A0=C2=A0=C2=A0=C2=A0= =C2=A0 <span style=3D"background:yellow"> As an American citizen, President Clinton must and does pay all applicable = U.S. taxes on all the income or gains he receives related to the Yucaipa Gl= obal Partnership Fund.</span><u></u><u></u></p> <p class=3D"MsoNormal" style=3D"margin-left:.25in"><u></u><u></u></p> <p class=3D"MsoNormal"><span style=3D"font-size:11.0pt;font-family:"Ca= libri",sans-serif"><u></u>=C2=A0<u></u></span></p> </div> </div> </div><br></div></div> </blockquote> </div></div></blockquote></div><br></div> --001a113dd484e3b3bb0529cec33e--