Sunday, October 16, 2022

Q: Does Blake Masters Take Euros?

A: Of course he does.


From BusinessInsider -

Billionaire Silicon Valley investor Peter Thiel is in the process of acquiring Maltese citizenship, report says

Silicon Valley investor and former Trump adviser Peter Thiel is hoping to add Malta to his foreign passport collection, according to a Saturday report by The New York Times.

Thiel, who was born in Germany, is also an American and New Zealand citizen. The billionaire PayPal founder has donated approximately $30 million to Republican candidates running for office in next month's midterm elections, according to the Times, making him one of the race's most influential individual donors. 

From the Central Bank of Malta -

[snip]

With the adoption of the euro in Malta on 1 January 2008, the Bank became responsible for the issuance of euro banknotes and coins in accordance with the principles and rules established within the Eurosystem.


On one hand, Malta *does* have an extradition treaty with the U.S. (which may be why Cheeto will never go there); on the other hand, the desire for a Malta citizenship may just be a tax avoidance scheme on Thiel's part.

From Price Waterhouse Coopers (emphasis added by me)-

Malta

Individual - Taxes on personal income

Malta taxes individuals who are both domiciled and ordinarily resident in Malta on their worldwide income.

Any person who is ordinarily resident in Malta but not domiciled in Malta is taxable only on income arising in Malta and on any foreign income remitted to Malta (i.e. on income and chargeable gains arising in Malta and on income outside Malta that is received in Malta). Such persons are not taxable in Malta on income arising outside Malta, which is not received in Malta, and on capital gains arising outside Malta, regardless of whether they are received in Malta, or otherwise.

However, persons who are married to an individual ordinarily resident and domiciled in Malta are subject to a worldwide basis of taxation (and not on a source and remittance basis).

A non-resident individual is taxed only on income and chargeable gains arising in Malta.

Of course, it may not matter if Thiel's financial largesse to Masters is in dollars or euros.  Masters is already expecting to lose the race, and is trotting out his story/excuse.

From The Daily Beast -

Blake Masters Is Already Claiming His Election Will Be Stolen

In his campaign to unseat Sen. Mark Kelly (D-AZ), Republican Blake Masters has consistently amplified skepticism and conspiracy theories surrounding the outcome of the 2020 presidential election.

But during the final stretch of his own 2022 race, Masters is starting to cast doubt on the outcome of this election—before the votes are even counted.



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