Newly released court documents from Hunter Biden’s failed plea-bargain deal on federal criminal charges provide details on his income and tax payments from foreign sources in 2017 and 2018. According to the documents, Hunter Biden earned more than $4.4 million during those two years, primarily from China and Ukraine, but he did not pay any taxes.
The filings, which were released by US District Court Judge Maryellen Noreika in Wilmington, Delaware, reveal that in 2017 alone, Hunter Biden received nearly $2.3 million from foreign sources. This income included over $1.6 million from his Chinese business interests and $500,000 in director’s fees from a Ukrainian energy company. Additionally, he earned $70,000 from a Romanian business and $48,000 from a multinational law firm.
Furthermore, Hunter Biden reported an additional $2.1 million in earnings from 2018, which he also did not pay taxes on. Despite receiving substantial income and being advised by his accountant to pay taxes, he failed to do so.
The court documents also shed light on Hunter Biden’s personal struggles during this period. In 2016, he became addicted to crack cocaine, which contributed to the collapse of his marriage and his business relationships in the following years. Despite his drug addiction, he managed to enter into lucrative business ventures and secure legal clients, earning millions of dollars.
Republican lawmakers have accused the Biden family of engaging in corrupt practices through Hunter Biden’s overseas business dealings, including his role as a director for Ukrainian energy firm Burisma Holdings. It is alleged that Burisma founder Mykola Zlochevsky urged Hunter Biden to help end a corruption investigation against the company in 2015. Zlochevsky later claimed to have been coerced into paying a $10 million bribe to the Bidens and possessed recordings to support his claims.
The court documents also highlight the worsening of Hunter Biden’s substance abuse issues in 2018. He moved to Los Angeles, where he engaged in a period of excessive partying and debauchery. During this time, he received significant payments for legal services rendered to a Chinese business associate and spent the majority of the money on travel, entertainment, and other expenses.
It wasn’t until October 2021 that an unidentified third party paid nearly $2 million to cover Hunter Biden’s outstanding tax liabilities for 2017 and 2018. This backer, identified as Kevin Morris, who is Hunter Biden’s lawyer in Los Angeles, also paid around $243,000 for unresolved tax liabilities from 2016 and 2019.
Judge Noreika recently rejected the plea agreement, expressing concerns about the terms granted to Hunter Biden. Republicans have accused the Department of Justice (DOJ) under the Biden administration of providing Hunter Biden with a favorable deal in relation to the tax charges and a separate case involving an illegal gun purchase. As a result, Republican lawmakers have launched an investigation into the DOJ’s handling of Hunter Biden’s cases.
These latest revelations further fuel the controversy surrounding Hunter Biden and raise questions about his financial activities and tax compliance. The investigation into his overseas business dealings and potential corruption continues to garner public attention and political scrutiny.