Mayor Bloomberg Insists Tax Loophole Is Fine Because Cayman Islands People Are Nice


Things got a little awkward today as the press continued to question Mayor Bloomberg on his foundation’s practice of routing its money through overseas tax havens. First, one reporter asked how Bloomberg can’t know about this stuff when he signed the tax forms. Bloomberg insisted he’d never done such a thing, then upon being told that he had, he admitted, “If there are tax forms that I signed, I signed.” Well, there are. But Hizzoner also defended himself by pointing out that business is global now, and besides, “people in the Cayman Islands are very nice people,” so it’s okay. [Daily Politics/NYDN]