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Another Romney hidden account discovered!

Mel 2012/07/07 01:07:21
According to the Wall Street Journal
Reuters News service
The Washington Post
USA Today
Many others:

President Obama’s re-election campaign pounced on recent reports about Mitt Romney’s offshore holdings as new details emerged about a Bermuda-based company that was omitted from multiple financial disclosure reports.

In a Twitter post, the Obama campaign quoted Vice President Joe Biden as saying last week, “We need to choose someone who invests in America, not in a Swiss bank account.”

The campaign also linked to a map highlighting the tax havens where Romney has reportedly kept funds: Ireland, Switzerland, Luxembourg, Bermuda and the Cayman Islands.

READ MORE: ROMNEY'S WEALTH IS WELL HIDDEN IN OFFSHORE ACCOUNTS: REPORT

A Bermuda company called Sankaty High Yield Asset Investors Ltd. was under particular scrutiny Wednesday.

According to a report by the Associated Press , Sankaty was transferred to a trust owned by Romney's wife, Ann, one day before he was sworn in as governor of Massachusetts in 2003.

The offshore company did not appear on financial reports until it was revealed in the Romneys' publicly released 2010 tax records.

READ MORE: ROMNEY HAS A FORTUNE IN THE CARIBBEAN

While those records show Sankaty had almost no assets, tax experts told the AP that such partnership stakes could still bring in significant income.

The Romney campaign has insisted that the candidate met all disclosure requirements and did not use offshore accounts to avoid U.S. taxes.

Although there is no evidence that the omission of Sankaty and other holdings was improper, the reports renew questions about how the Republican candidate has managed his fortune and taxes.

It also provides fodder for critics like Obama campaign adviser David Axelrod, who sent a series of tweets Wednesday accusing Romney of playing “hide-and-seek” with his personal finances.

READ MORE: ROMNEY RELEASES HIS TAX RECORDS; GOP HOPEFUL PAID 14% RATE IN 2010

“A Swiss bank account. A dozen funds in the Cayman Islands. And now, a Bermuda tax shelter he failed to report,” Axelrod wrote. “How many of these revelations will it take for the media to demand a full accounting of Mitt’s tax returns and finances?”

klee@nydailynews.com



Read more: http://www.nydailynews.com/news/election-2012/team-obama-ding...
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Opinions

  • Pat 2012/07/09 07:18:34
    Pat
    +2
    It really doesn't matter how many of these accounts he has. The point is that all of them are in effect to avoid paying taxes to our country.
    I don't have any off shore accounts. How many do you all have?
  • Mel Pat 2012/07/09 17:25:29
    Mel
    +1
    None. It juts proves how out of touch he is with the common man
  • Drake 2012/07/07 21:33:38
  • Mel Drake 2012/07/08 05:21:37
    Mel
    +2
    it appraently was not reported according to news sources
  • Drake Mel 2012/07/09 03:19:40
  • Mel Drake 2012/07/09 03:42:41
    Mel
    plus the fact he only reported one year of tax return. When his father was a Gov he'd reported tax returns every year. So whay can't Mitt?
  • Drake Mel 2012/07/10 12:20:41
  • Bob, the reasonable one 2012/07/07 04:44:52
    Bob, the reasonable one
    talk about a non-story

    "although there is no evidence that the omission of Sankaty and other holdings was improper......."

    Dems are so concerned about Romney's background and showed no interest in Obama's background...hmmm, hypocritical much?
  • Mel Bob, th... 2012/07/07 06:44:46
    Mel
    +2
    OK I want you to name one hidden financial asset the president has? JUST ONE!
  • Bob, th... Mel 2012/07/07 14:01:12
    Bob, the reasonable one
    the key word you used...."hidden" of course I can't answer your question it's hidden..hell, I can't find his birth certificate, his medical record, his high school record, his college record, his medical record. Obama also never had a real job before he became a political operative for the DNC...his finances are much more limited..but the deals he did for his home in Chicago were shady...
  • Mel Bob, th... 2012/07/09 17:28:26
    Mel
    Absolutely untrue. I checked, and everything was above board. Now show me some concrete evidence besides a flimsy and heated opinion.
  • Bob, th... Mel 2012/07/09 18:09:42
    Bob, the reasonable one
    my quotes are from the story itself....and as for Obama, he is the worst vetted presidential candidate and president we've ever had....
  • dvd 2012/07/07 04:39:42
  • mwg0735 2012/07/07 04:16:17
  • dvd mwg0735 2012/07/07 04:38:18 (edited)
  • NPC 2012/07/07 02:15:01
    NPC
    Not good for OStupid. OweBlamer is desperate to dig up some dirt on Romney but it is not working so good since the unemployment rate is still high, 23 Million unemployed, 47 Million on Food Stamps, over 60,000 homes being foreclosed per month and gasoline over $3.40 per gallon now $olyndar lost us over $548 Million, Fast and Furious is now a scandal and another $100 milion federal WH green loan guarantee went bad this past week.
  • The Ele... NPC 2012/07/07 04:11:57
    The Electrician
    +2
    This all exaggeration, the unemployment is still at 8.2%, 47 million are not living on food stamps. Obama had nothing to do with foreclosures, Bush deregulated the industry and caused the housing bubble, cost of gasoline is controlled by the market, it will never go down it is depleted resource, there just isn't enough left period. This President didn't create this mess, People like Romney did. He's a "cooperate raider." He's the original pioneer in shipping jobs overseas.
  • marcuss LIBERALS ARE IDIOTS 2012/07/07 02:01:34
    marcuss LIBERALS ARE IDIOTS
    +1
    What about 0WEbamas hidden documents? OH this is a INSANE LEFT WING EXTREMISTS BLOG so Anything asked about 0WEbama is RACIST.
  • Georgia50 2012/07/07 01:47:27
    Georgia50
    +1
    Now Romney's evil for walking in the Teddy Kennedy footsteps? Nice try, filth.
  • Mel Georgia50 2012/07/07 06:46:18
    Mel
    +1
    The kennedys declared their assets. Romney's father delared all his assets. mitt submitted one. Just one.
  • Georgia50 Mel 2012/07/07 14:20:16
    Georgia50
    So it's ok to offhshore untaxed wealth like Teddy did as long as he declares it?
  • keymanjim 2012/07/07 01:44:23
    keymanjim
    +2
    I don't care about what he does with his money. I care about what he does with MY money.
  • ☆ElenaDiamond☆ 2012/07/07 01:39:04
    ☆ElenaDiamond☆
    U Jelly? U Jelly
  • flaca BN-0 2012/07/07 01:36:25
    flaca BN-0
    +2
    It does seem a rather large coincidence that his offshore accounts are all in what are known as "tax havens".
  • The Elitist Libtard SodaJerk 2012/07/07 01:25:42
    The Elitist Libtard SodaJerk
    +1
    I know, it's crazy. Journalists are returning to the days of when they investigated things other than Kardashian Boob slips.
  • Mel 2012/07/07 01:08:06
    Mel
    +2
    Oh my my. Caught again.

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2013/05/22 17:41:36

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