Hugo Sluimer's Refusal to Release Tax Returns Deepens the Mystery
IN THE INTEREST OF THE PUBLIC
In the bustling realm of Miami real estate, few names have recently garnered as much attention as Hugo Sluimer. a Dominican Republic-based public figure, with origins in Woerden, the Netherlands, has been deeply entrenched in the Miami-Dade County property market through his ties with Blue Key Investments, LLC. However, amidst allegations and eyebrow-raising business maneuvers, what stands out starkly is Sluimer's reported refusal to release his tax returns, further intensifying suspicions and speculations.
As an investor in Blue Key Investments, LLC, Sluimer's involvement in Miami's real estate circuit has been significant. Alongside his business partner Monaco Resident / Finnish public figure Mikko Pakkanen, they pulled off a staggering transaction – purchasing the Setai Penthouse B in Miami Beach's prestigious Setai Hotel for $15 million, and subsequently selling it for a remarkable $27 million.
While such transactions aren't unusual for high-profile investors, what has intrigued many is Sluimer's intricate web of offshore entities. The discovery of Swiss Boulevard Investment S.A in Panama, which falls under his ownership and is managed by the controversial figure, Paul Michiel van Lienden of International Corporate Services (ICS), is a case in point.
Delving deeper into Sluimer's business model, email exchanges have highlighted a potentially intricate tax structure, which he himself refers to as a "clean formula." This structure seemingly uses offshore entities in a lending capacity to maneuver profits away from taxable domains for several Finnish Investors including Antti Pakkanen, Antti Korpela, Juka Tapaninen the CEO of AIFORIA a publically traded company in Finland with offices in the US. Yet, when probed further about this "clean formula," Sluimer chose to remain quiet and emphasizing the need for confidentiality multiple times.
The intrigue doesn't end there. Subsequent communications suggest Sluimer's financial interests in entities like Bentley Bay PH, which operates under Blue Key Investments. This has raised significant questions, particularly given the contention that Sluimer shouldn't have been directly linked with Blue Key Investments if he were acting as a "pretend" 3rd party offshore lender.
However, the essence of the issue, and the focal point of heightened scrutiny, is Sluimer's unyielding reluctance to disclose his tax returns. In light of the allegations of tax evasion and money laundering that surround him, such a move only serves to deepen the air of mystery and skepticism. Although he took the step to sue for slander, the case was dismissed, leaving more questions than answers in its wake. The disclosure of his tax returns would be beneficial to the public.
The question is if Sluimer filed any US tax returns at all as he was not in possesion of an ITIN or a SSN according to documentation which is required to file a Federal tax return. Even if Blue Key Investments, LLC wanted to withhold taxes for Sluimer they could not have done so without an ITIN.
With a narrative fraught with offshore dealings, alleged tax evasion, and now an adamant refusal to show tax returns, Hugo Sluimer remains at the center of a whirlwind of speculation.