Romney Parks Millions in Cayman Islands

[FreakinDJ]

MATTHEW MOSK, BRIAN ROSS

Although it is not apparent on his financial disclosure form, Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven.

A spokesperson for the Romney campaign says Romney follows all tax laws and he would pay the same in taxes regardless of where the funds are based.

As the race for the Republican nomination heats up, Mitt Romney is finding it increasingly difficult to maintain a shroud of secrecy around the details about his vast personal wealth, including, as ABC News has discovered, his investment in funds located offshore and his ability to pay a lower tax rate.

"His personal finances are a poster child of what's wrong with the American tax system," said Jack Blum, a Washington lawyer who is an authority on tax enforcement and offshore banking.


http://abcnews.go.com/Blotter/romney-parks-millions-offshore-tax-haven/story?id=15378566#.TxeJqYFX-uJ

This JackArse is toast

Hope the RATpubliCONs put him up against Obama

[alp227]

1. Wash Post: Mitt Romney faces mounting pressure to release tax returns now

Mitt Romney came under increasing pressure Wednesday to release his income tax returns immediately, rather than waiting until April, in an effort to contain the damage caused by his stumbling responses over two days.

Unanswered questions about his wealth threw the GOP presidential front-runner’s campaign off balance and threatened to undercut his message in the final days before Saturday’s potentially decisive primary in South Carolina, where a new poll showed Romney’s lead in the state shrinking to 10 percentage points.

Romney and his surrogates launched a fresh assault on rival Newt Gingrich on Wednesday, calling the former House speaker’s tenure in Washington “leadership by chaos” and likening him to former vice president Al Gore.

“It’s the private sector that creates jobs,” Romney said at a Spartanburg rally. “Congressmen taking credit for helping create jobs is like Al Gore taking credit for the Internet.”

full: http://www.washingtonpost.com/politics/mitt-romney-faces-mounting-pressure-to-release-tax-returns-now/2012/01/18/gIQAbVn98P_story.html

[BamaFanLee]

8. An arrest for tax evesion in his future?

I sure hope so. Round them up!

[Octafish]

2. From the Caymans, the moneys migrate northeastward via Swiss Air.

Like a Gulf Air Stream.

[Marie Marie]

3. Oh good. After the election, we can send him packing to go join his money.

Legal does not = ethical. But then, the Republicans will never get that.

[Norrin Radd]

4. kr

[chelsea0011]

5. If we could all park our money off seas, we could finally bankrupt and destroy

the good ole US of A. So, the question is...why does Romney hate the USA?

[Cali_Democrat]

6. K&R

[Cognitive_Resonance]

7. Drip, drip, drip...Where there's smoke there's usually fire. nt