Romney's Cayman holdings sheltered from U.S. taxes
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Romney's Cayman holdings sheltered from U.S. taxes
| Wed, 01-25-2012 - 1:29pm |
Romney's Cayman holdings sheltered from U.S. taxes
Republican presidential candidate Mitt Romney's newly released tax return shows sprawling international financial interests, with one of his biggest foreign investments sheltered from U.S. taxation, partly because it is based in the Cayman Islands.
The Washington Post
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And how are you defining "earned"? If a corporation is based in a tax haven nation precisely because rates are much lower than those of the U.S, but the corporation doesn't actually do much business in those locales, then it looks pretty dodgy for a person tied to such a corporation if she or he is aspiring to high ELECTED office.