Wednesday, January 18, 2012

Why Romney Keeps His Tax Returns Private

Why Romney Keeps His Tax Returns Private:

Reuters notes that it's not just Mitt Romney's low 15% tax rate that might deter him from releasing his tax returns.

"His vast fortune is invested in dozens of funds linked to Bain Capital LLC, the powerhouse private equity firm he co-founded and led for 15 years. Several Bain funds have offshore connections and take advantage of tax breaks used only by the U.S. financial elite... Bain funds in which Romney is invested are scattered from Delaware to the Cayman Islands and Bermuda, Ireland and Hong Kong, according to a Reuters analysis of securities filings."

No comments:

Post a Comment