Saturday, January 21, 2012


"... Already fending off questions about his vast personal wealth, Romney is facing additional scrutiny this week thanks to reports that he has as much as $8 million invested in funds listed in the Cayman Islands. Though Romney does still pay U.S. taxes on his income from these funds, the Cayman address offers some benefits over domestically registration, such as higher management fees and greater foreign interest -- benefits that cost the U.S. federal government billions of dollars per year.."

- FP Passport, see And then there were four. Hmm, so we are to believe that Romney invests his money in funds in the Cayman Islands because they charge higher fees? Something not quite right here...

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