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You can find the tax returns the Romneys have released here (Original Post) TomClash Aug 2012 OP
how does he say "no" on page four that he signs on no foreign accounts? given all the Laura PourMeADrink Aug 2012 #1
He lies nt TomClash Aug 2012 #2
Lying is Romney's MO ananda Aug 2012 #3
They should have been reported Rosa Luxemburg Aug 2012 #5
That may be what they mean when they talk about blocker corporations. JDPriestly Aug 2012 #4
 

Laura PourMeADrink

(42,770 posts)
1. how does he say "no" on page four that he signs on no foreign accounts? given all the
Sun Aug 19, 2012, 08:53 AM
Aug 2012

stuff about off-shore accounts?

JDPriestly

(57,936 posts)
4. That may be what they mean when they talk about blocker corporations.
Sun Aug 19, 2012, 01:14 PM
Aug 2012

It is possible that they think that Romney invests in certain securities that invest overseas. How that differs from investing in a mutual fund that invests overseas I don't know, but apparently it does. The blocker corporation, as I understand from what I have read recently, prevents you from having certain kinds of tax liability.

It is merely a suspicion on the parts of some tax experts that this could be why Romney's IRA has so much money it -- because some of his IRA funds are invested overseas through blocker corporations that excuse Romney from paying taxes that he would otherwise owe on the high gains from those investments.

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