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Wednesday, July 11, 2012

As Romney Evades on Tax Returns, New Report Reveals Loopholes, Offshore Havens Behind His Fortune

Republican presidential hopeful Mitt Romney is on the hot seat over where he stashes his vast personal fortune, estimated at up to $250 million. We speak with reporter Nick Shaxson, whose new Vanity Fair article, "Where the Money Lives," delves into the murky world of offshore finance and reveals loopholes that allowed Romney to skirt tax laws and store millions in foreign tax havens. The article has sparked the latest round of questions about Romney’s taxes and offshore accounts, amplified by Romney’s refusal so far to release more than one year’s worth of tax returns.

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Source: Democracy Now!
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