Here’s one of their up coming hit piece sources...
The Los Angeles Times recently revealed Romney utilized shell companies and two offshore tax havens in Bermuda and the Cayman Islands to help eligible investors avoid paying US taxes. The tax-friendly jurisdictions helped attract billions of investment dollars to Bain Capital.
Romney, who’s the wealthiest candidate running for president, still retains an investment in the private equity fund set up on Grand Cayman Island. Campaign disclosure forms show the investment paid him more than $1 million last year in dividends, interest and capital gains.
Bob Drogin is a reporter for the Los Angeles Times, who broke the story.
Tax avoidance is respectable. Tax evasion is a crime.
Because Romney’s company helps “eligible” investors to “avoid” U.S. income tax, it’s a hit piece? Sounds to me like he has good tax planners.
papa,
“The Los Angeles Times recently revealed Romney utilized shell companies and two offshore tax havens in Bermuda and the Cayman Islands to help eligible investors avoid paying US taxes. The tax-friendly jurisdictions helped attract billions of investment dollars to Bain Capital.”
This would make Mitt a “Tax Traitor” in the commercials.
Truthfully, how would Mitt have any credibility when he
is circumventing the tax code and helping others do this
while he lays off 100,000 people to line his pockets???
He will be eviscerated... and that means he’ll lose big.
ampu