President Obama’s campaign repeats call for more Mitt Romney tax returns, citing tax shelter used by
Source: Boston Globe
President Obama’s campaign repeats call for more Mitt Romney tax returns, citing tax shelter used by Marriott when Romney was on board
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.”
Canellos donated $2,300 to Obama in 2008.
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.”
Canellos and Kleinbard concluded that Romney showed “insensitivity to tax obligations” while on the Marriott board and wrote that the company’s engagement in Son of BOSS raises a question about Romney’s personal tax compliance: “Did he augment his wealth through highly aggressive tax stratagems of questionable validity?”
Read more: http://www.boston.com/politicalintelligence/2012/08/09/president-obama-campaign-repeats-call-for-more-mitt-romney-tax-returns-citing-tax-shelter-used-marriott-when-romney-was-board/oXkbpYDEbE1kdJvyGgGzSJ/story.html
&feature=player_embedded
Romney as Audit Chair Saw Marriott Son of BOSS Shelter Defy IRS
http://www.democraticunderground.com/101635749
= new reply since forum marked as read
paperwork closely.
Just a thought ...
I'd be down for that. For him & the other cheaters, as well.
rocktivity