Romney Parks Millions in Cayman Islands
Although it is not apparent on his financial disclosure form, Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven.
A spokesperson for the Romney campaign says Romney follows all tax laws and he would pay the same in taxes regardless of where the funds are based.
As the race for the Republican nomination heats up, Mitt Romney is finding it increasingly difficult to maintain a shroud of secrecy around the details about his vast personal wealth, including, as ABC News has discovered, his investment in funds located offshore and his ability to pay a lower tax rate.
"His personal finances are a poster child of what's wrong with the American tax system," said Jack Blum, a Washington lawyer who is an authority on tax enforcement and offshore banking.
http://abcnews.go.com/Blotter/romney-parks-millions-offshore-tax-haven/story?id=15378566#.TxeJqYFX-uJ
This JackArse is toast
Hope the RATpubliCONs put him up against Obama
alp227
(32,052 posts)Mitt Romney came under increasing pressure Wednesday to release his income tax returns immediately, rather than waiting until April, in an effort to contain the damage caused by his stumbling responses over two days.
Unanswered questions about his wealth threw the GOP presidential front-runners campaign off balance and threatened to undercut his message in the final days before Saturdays potentially decisive primary in South Carolina, where a new poll showed Romneys lead in the state shrinking to 10 percentage points.
Romney and his surrogates launched a fresh assault on rival Newt Gingrich on Wednesday, calling the former House speakers tenure in Washington leadership by chaos and likening him to former vice president Al Gore.
Its the private sector that creates jobs, Romney said at a Spartanburg rally. Congressmen taking credit for helping create jobs is like Al Gore taking credit for the Internet.
full: http://www.washingtonpost.com/politics/mitt-romney-faces-mounting-pressure-to-release-tax-returns-now/2012/01/18/gIQAbVn98P_story.html
BamaFanLee
(64 posts)I sure hope so. Round them up!
Octafish
(55,745 posts)Like a Gulf Air Stream.
Marie Marie
(9,999 posts)Legal does not = ethical. But then, the Republicans will never get that.
Norrin Radd
(4,959 posts)chelsea0011
(10,115 posts)the good ole US of A. So, the question is...why does Romney hate the USA?