Wednesday, February 8, 2012

Romney Revising Tax Disclosures for Offshore Funds (for 1/27/12)

Mitt Romney's campaign staff is changing federal ethics disclosure forms to include some investments held offshore, but not reported on his taxes last year. Last year, he did not include an investment held in Switzerland's UBS Bank worth million of dollars on his return. He also added funds from the Cayman Islands, Ireland, and Bermuda to his returns. Romney has about $250 million in wealth. These forms require Presidential candidates and their spouses to diclose all of their total assets and income. In other words, Mitt Romney hides his money all over the world to avoid paying taxes and will not disclose his wealth unless he needs to do it for political gain. In truth, revising disclosures like this should trigger a scandal that deems him unsuitable for office. http://firstread.msnbc.msn.com/_news/2012/01/26/10244809-romney-revising-disclosures-for-overseas-accounts

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