Tax Evaders For Mitt
Posted by Michael Link on December 19, 2007 at 02:49 PM
We've all heard about business setting up "shell" companies overseas in order to take advantage of tax loopholes and avoid paying their fair share.
Turns out Mitt Romney helped businesses do just that:
While in private business, Mitt Romney used shell companies in two offshore tax havens to help eligible investors avoid paying US taxes, federal and state records show.
[...]
In the Cayman Islands, Romney was listed as a general partner and personally invested in BCIP Associates III Cayman, a private equity fund that is registered at a post office box on Grand Cayman Island and that indirectly buys equity in US companies. The arrangement shields foreign investors from US taxes they would pay for investing directly in US companies.
There's also this: "But aides of [Romney] and former colleagues acknowledged that the tax-friendly jurisdictions helped attract billions of additional investment dollars to Romney's former company, Bain Capital, and thus boosted profits for Romney and his partners."
Comments - 5 »
Comments - 5 «
What a loyal American!....Not.....Just another Republican criminal intent on screwing the middle class taxpayer to satisfy his own greed for money and now his lust for power. Christian my hind foot. He has no concept of what Jesus taught!
Posted by goodfoe on December 19, 2007 at 02:57 PM
I hope this hits the major news stations. Since the GOP is running Bill Clinton's Empeachment, I think we should get down and dirty as possible. We should make a list of Republicans that have been accused of a crime or suspected of Ethical crimes. and the ones we couldn't get charged because of Bush holding documents or sorry Attorney General wouldn't charge or even investigate.
Posted by freeforall on December 19, 2007 at 03:30 PM
You didn't expect a Republican not to use a tax loophole created by a Republican Congress? Mitt the Multinational? Makes sense to me.
Posted by SandyH on December 19, 2007 at 05:13 PM
I find it amazing that the Right Wing continually complains about the Liberal News Media, and things such as this never get mentioned. If Romney were a Democrat it would be front page news in every paper in America.
Posted by chambax2 on December 19, 2007 at 07:57 PM
An ultra right wing Republican presdintal nominee getting big business to avoid tax reilf that's no surprise to me! The man probably wants their support in the election is this country run by bussinessmen or politicans?
Posted by Palmettobeast on December 21, 2007 at 12:04 AM
« Hide Comments
Comments are now closed for this entry.
