Path 2

News Taxes Thursday, Feb 2 2012

TPM: Romney Team Silent On Key Offshore Tax Avoidance Question

Feb 02, 2012

On February 1, 2012, Talking Points Memo reported:

The briefing cleared up several questions, but left others unanswered —including one from TPM that will either exculpate Romney from allegations that he’s used investments in offshore entities to avoid U.S. taxes, or reveal that his campaign has not fully addressed those allegations.

On the call, Romney’s trustee pledged get back to us with this information. But despite multiple inquiries in the days since the conference call, the Romney camp has not set the record straight one way or another.

Romney has disclosed a substantial individual retirement account (IRA) that, as the Wall Street Journal first noted, could have made offshore investments that circumvented an obscure U.S. tax called the Unrelated Business Income Tax (UBIT).

Read the full article here.

Published: Feb 2, 2012

Jump to Content