Share on Google Plus Share on Twitter Share on Facebook 2 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (2 Shares)  
Printer Friendly Page Save As Favorite View Favorites (# of views)   2 comments

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

Quicklink submitted By       Message Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; , Add Tags

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

opednews.com Headlined to None 1/19/12

Author 5
Become a Fan
  (9 fans)
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

- Advertisement -
- Advertisement -