Mitt Romney Schemed To Help Marriott International Avoid Paying Taxes
Mitt Romney has long claimed that paying less taxes allows the super rich, himself included, to create jobs now a report from Bloomberg claims
that in his past Romney wasn’t only paying less then 15.5% in personal
taxes, he was helping Marriott International setup tax schemes to trick
the IRS into believing the company was recording losses.
During his close ties to Marriott International the company used
Romney’s tax advice to setup a plan nicknamed “Son of BOSS” in which the
company used newly created partnerships to create $71 million in tax
losses out of thin air, even though Marriott actually recorded a profit.
The Son Of BOSS maneuver was eventually struck down by a tax court
which called it nothing more than a ”scheme,” “fictitious,”
“artificial,” and an “illusion.”
That’s not where the issues end for Romney and his time with
Marriott. The company also took various fraudulent deductions which
eventually led to the IRS hitting the company with $220 million in
The company also earned hundreds of millions from a fuel subsidy
program that was once characterized as a “scam” by Senator John McCain.
leadership the company’s effective tax rate at time fell below 6.8%
even as Marriott International continued to bring in profitable returns.
While Romney eventually left Marriott International he returned in
2009 only to leave one year later, just in time setup his Presidential
Do you think Mitt Romney will allow big business to continue the path
towards fraud and tax dodging if he’s elected as President of the
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