Romney didn't work for Bain during the period of those documents. Bain was being run by a group of big DNC donors then. "On the same day that Mitt Romney cracked his birther "joke," new evidence indicated that he and his partners at Bain Capital have used questionable methods to avoid federal taxes —"
Nevertheless, not a single Bain transaction was illegal.
"But several experts who have looked over the new Bain documents have warned that dubious legal tactics may have been employed by some of the company's investment vehicles, including several that are listed on the partial returns that Romney has already released. Those experts, such as Victor Fleischer, a law professor at the University of Colorado, and Daniel Shaviro, who teaches tax law at New York University's law school, have raised questions about both the equity "swap" and fee-conversion maneuvers."
"What makes the "total return equity swap" potentially perilous for Romney, however, is the use of foreign accounts to avoid taxes, which is what many Americans suspect him of doing. Despite the accounts that he has maintained in Switzerland, the Cayman Islands, Luxembourg, Bermuda and other tax havens, Romney's campaign has repeatedly denied, with little credibility, that his wealth was invested abroad to evade taxes."The proof may well lie within the tax returns that he is so determined to conceal."
Obama's record does not have to be defended...... |
