President Obama’s campaign repeats call for more Mitt Romney tax returns...

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President Obama’s campaign repeats call for more Mitt Romney tax returns, citing tax shelter used by Marriott when Romney was on board

By Callum Borchers

President Obama’s reelection campaign repeated its call for Mitt Romney to release additional tax returns Thursday, citing renewed interest in a tax shelter used by the Marriott hotel chain when Romney chaired the company’s audit committee in the 1990s.

In an op-ed published Wednesday by CNN, Peter C. Canellos, former chair of the New York State Bar Association Tax Section, and Edward D. Kleinbard, former chief of staff of Congress’s Joint Committee on Taxation, described Romney as “an executive who was willing to go to the edge, if not beyond, to bend the rules to seek an unfair advantage.”

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He and Kleinbard noted that a federal appeals court ruled in 2009 that Marriott used “fictitious” losses to artificially reduce its taxable income during the period when Romney led the audit committee charged with ensuring tax code compliance. The scheme was known as “Son of BOSS.”

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The Romney campaign did not immediately respond to a request for comment on the Canellos and Kleinbard op-ed.

Bloomberg News published an investigative report on Romney, Marriott and Son of BOSS in February. The Romney campaign declined to answer questions for that story.

Boston Globe

CNN: Did Romney enable Marriott International's abusive tax shelter?
http://www.democraticunderground.com/10021093850

Mitt Romney Started Bain Capital With Money From Families Tied To Death Squads
http://www.democraticunderground.com/1014187901

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