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Trump’s pick for Treasury Secretary under fire for Cayman hedge fund

President-elect Donald Trump’s hand-picked nominee for US Treasury Secretary came under fire Thursday 19 January for not disclosing his position as a director of a Cayman Islands hedge fund.

The exchange in the US Senate thrust Cayman in the spotlight under the label of “tax haven” once again.

Steven Mnuchin defended his role as a director in Dune Capital International and promises to look at closing tax loopholes. “In no way did I use them to avoid U.S. taxes,” Mnuchin said. “I can assure you I pay all my taxes as was required.”

 

About the author

Tammi Sulliman

Tammi Sulliman

Tammi Sulliman is a Caribbean journalist with more than 15 years in the industry. Her roots steeped in print journalism, she made the transition to television in 2007. A reporter and talk show host in the Cayman Islands, she has focused on political and social issues affecting the community. She took the helm of the news product at Hurley's Media Ltd. as News Director in November, 2015. Ms Sulliman was raised in Trinidad & Tobago and graduated with honours in French Linguistics and Professional Writing from the University of Toronto in Ontario, Canada. She is a proud mother and privileged to call the Cayman Islands home.

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