Management Fee Conversion Saved Romney Millions in Taxes

By: Friday August 24, 2012 7:35 am

Mitt Romney made a statement last night that “big business is doing fine,” largely because “they know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses.” This comes weeks after the entire media [...]

Under Ryan Plan, Romney’s Tax Rate Shrinks Under 1%

By: Monday August 13, 2012 6:14 am

If the Romney campaign thought that their Vice-Presidential selection would take the heat off their candidate’s refusal to release more than two years of tax returns, that was laid to rest when Bob Schieffer asked Paul Ryan last night on 60 Minutes how many years of tax returns he had to give to the campaign. [...]

Report Details $21-$32 Trillion in Untaxed Global Wealth Parked Offshore

By: Monday July 23, 2012 11:38 am

The Tax Justice Network, an organization I frankly had never heard of until this weekend, came out with a study over the weekend alleging that between $21 and $32 trillion in global wealth is being hidden away in tax havens. This represents a sum equal to the GDP of the US and Japanese economces combined. [...]

Romney’s 2010 Tax Return Lacks Disclosure on Swiss Bank Account

By: Wednesday July 18, 2012 11:50 am

Just to follow up on this tax return issue that is playing havoc with Mitt Romney’s Presidential campaign, it turns out that the returns he claimed to have fully disclosed were not fully disclosed: Mitt Romney has not released his full tax records from 2010, including key documentation connected to his Swiss bank account [...] [...]

Romney’s Offshoring Problem

By: Thursday January 19, 2012 1:52 pm

I noticed a comment in this post alleging that offshore tax havens happen to not be illegal. I don’t know, the IRS doesn’t engage in tax amnesty programs for things that are not illegal. I was talking about a very particular kind of tax evasion, namely the socking away of money in secret offshore bank [...]

Romney’s Offshoring Less the Problem than the Historically Low Capital Gains Tax Rate

By: Thursday January 19, 2012 7:02 am

The ABC News report that came out last night about “Mitt Romney’s offshore tax havens” appears to get the data wrong, so you end up with a muddled analysis of the situation. What is actually happening here, as Pat Garofalo untangles, is that Romney invests in funds from his old company Bain Capital that happen [...]

support firedoglake
Follow FDL News Desk