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View Diary: Romney Parks Millions in Offshore Tax Havens UPDATE 2 (309 comments)

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  •  Because..... (3+ / 0-)
    Recommended by:
    johnny wurster, Argyrios, VClib

    Investment funds set these structures up to benefit foreign investors NOT US investors.   A US investor (Mitt) has to pay the same tax on these investments as if it were a domestic vehicle.

    What you are doing is providing an incentive for foreigners to invest in a fund that they would otherwise have to pay a US tax on.

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