Share on Google Plus Share on Twitter
  5
Share on Facebook
  5
Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 10 Shares     
Printer Friendly Page Save As Favorite View Favorites View Article Stats
2 comments

Romney's offshore accounts draw scrutiny; Candidate's multi-country tax havens avoid US taxes

Become a Fan
  (9 fans)
Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; , Add Tags

Must Read 1   Supported 1   Valuable 1   View Ratings | Rate It

Headlined to None 1/19/12


At www.washingtonmonthly.com

His vast fortune is invested in dozens of funds linked to Bain Capital LLC, the powerhouse private equity firm he co-founded and led for 15 years. Several Bain funds have offshore connections and take advantage of tax breaks used only by the U.S. financial elite. His tax returns could shed light on how Romney and Bain use offshore strategies to avoid taxes, said Daniel Berman, a former U.S. Treasury deputy international tax counsel and now director of tax at Boston University's graduate tax program. Bain funds in which Romney is invested are scattered from Delaware to the Cayman Islands and Bermuda, Ireland and Hong Kong, according to a Reuters analysis of securities filings.

Read the rest of the story HERE:

At www.washingtonmonthly.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 2 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
Romney tells us it's unpatriotic to ask him questi... by eric stone on Thursday, Jan 19, 2012 at 6:26:32 PM
Into these    " tax breaks used onl... by BFalcon on Friday, Jan 20, 2012 at 12:50:03 AM