Money you get via a loan is not income and isn't declared on taxes, because you're supposed to repay it. Thus it's a zero-gain transaction.
However, if you never repay it, it is income. You're supposed to declare, retroactively, the income gained through a loan which is later forgiven or written off.
And, is is probably the case with Hunter Biden -- if you call gifts and outright "bribes" "loans" just so you don't have to pay taxes on them or acknowledge payments coming to you from foreign governments, then that's both tax evasion and a Foreign Agent Registration Act violation.
These are all very, very thinly disguised bribes. He's a fucking criminal and so is his rapist/molester father.
And Merrick Garland is meanwhile throwing pro-life protesters in jail.
For months, congressional Republicans have suggested that when Hunter Biden received millions of dollars from places like Ukraine and Romania, an $80,000 diamond from China and a luxury car underwritten from Kazakhstan he was simply trading on his powerful family name and not really conducting meaningful business. But Democrats have scoffed, painting these facts as part of a conspiracy theory.
But now GOP House investigators have found a powerful ally for their narrative: former Hunter Biden pal and business partner Rob Walker, who told the FBI in a newly released interview report that Hunter Biden often got something for essentially nothing.
In an FBI FD-302 interview report dated Nov. 23, 2021, Walker recounted to agents how Hunter Biden borrowed $90,000 from him and never repaid it and detailed another instance in 2017 in which one of their joint business ventures got a whopping $3 million payment from the Chinese energy firm CEFC essentially as a gift.
"The $3 million amount was more of a "thank you" from CEFC. They talked of putting together a larger group and discussed acquiring office space," Walker is quoted as telling agents in the report.
He got paid $3 million from China for merely talking about starting a business and opening an office.
I don't know when this bribe was paid. But that's important, because the alleged "Trump-appointed" "prosecutor" David Weiss allowed the statute of limitations on his 2014 and 2015 tax evasion crimes to run, almost certainly because the money that was undeclared in those years came from the Chinese government and involved his father.
...
Walker's account to the FBI adds to a mountain of evidence that Hunter Biden was often given loans that he never repaid or gifts from foreign interests (even a Democrat donor) simply because of his last name when his father was vice president and while contemplating a run for the presidency.
The list includes a 3-carat diamond from CEFC's founder, $142,300 from a Kazakhstan businessman to buy a luxury Porsche, the $3 million Chinese payment and more than $2 million in payments later converted to loans that came from a Democratic-donating lawyer from Hollywood who helped Hunter Biden pay off many of his delinquent IRS tax debts.
Even salary payments from Burisma Holdings in Ukraine were structured to look like loans for Hunter Biden, which IRS agents believed were designed to evade tax payments.
"[Hunter Biden] directed to have a portion of his Burisma income paid back to himself personally as 'loans', even though Devon Archer had deducted these payments on the Rosemont Seneca Bohai tax return," former IRS Agent-turned-whistleblower Ziegler wrote in his first affidavit to House Ways and Means. "[Hunter] had essentially loaned himself his own income from Burisma, failing to report this income from Burisma on his 2014 tax returns and failing to pay the taxes on this income."
This is unambiguously tax evasion, and also clear evidence of attempting to hide the income. Money laundering, in other words. And a violation of FARA.
House Oversight Committee Chairman James Comer told the "Just the News, No Noise" television show that there is a clear pattern in the evidence his investigators have gathered: a loan to Hunter Biden really meant it was a gift.
"You know, there's a term called a forgivable loan. And that is more than likely what these things were," Comer said. "You know, you give stuff as a gift or a loan so you don't have to report it on your taxes. This is another example of the Biden family and their organized criminal activity trying to avoid paying taxes. The Biden's are tax cheats.
Remember, Hunter Biden's "Sugar Brother" Kevin Morris "loaned" him $2 million to pay off his delinquent taxes.
I have not heard of Hunter Biden making any loan repayments yet.
It's another gift, and it's yet another round of tax evasion and money laundering.