By Ashe Short | Just the News
The latest subpoenas raise the question of whether U.S. tax law — which grants tax exemptions and shields charitable donor identities — can be used to route foreign money into domestic political activity. At the heart of it, questions abound whether the far-left outfits have violated the Foreign Agents Registration Act (FARA).
House Ways and Means Committee Chairman Jason Smith, R-Mo., has issued subpoenas to three tax-exempt organizations tied to socialist megadonor Neville Roy Singham, an American multimillionaire living in Shanghai with ties to the Chinese Communist Party.
The subpoenas have been served, a spokesperson for Smith’s office told Just the News, on BreakThrough News, Tricontinental and The People’s Forum, all three of which are funded, at least in part, by Singham. The subpoenas come after nearly a year of the Committee’s attempts to get answers from the three non-profit organizations regarding foreign influence in U.S. nonprofits.
Hundreds of millions in campaign funding concealed
“For months, the Ways and Means Committee has been investigating how the Chinese Communist Party has been taking advantage of our country’s laws through its tax-exempt sector to sow chaos and division here in the United States,” Smith said in a statement. “Public reporting has traced hundreds of millions of dollars from Neville Roy Singham – a tech mogul living in Shanghai – that was funneled through a web of shell companies and donor-advised funds that concealed the true source of the money before it reached these organizations.”
The subpoenas request documents showing whether the organizations have received or transmitted funds connected to foreign nationals or foreign entities, contracts between those nationals or entities, documents and communications between employees and Singham or foreign nationals about the organization.
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