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View Diary: On Romney's Caymans Corp; or, One Question the Press Should Ask Mitt (71 comments)

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  •  I'm glad you tax experts are having trouble (1+ / 0-)
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    johnny wurster

    figuring it out.  

    I saw "Total Assets" of $10,432 and no income on the 5471 and was wondering what all the fuss was about (of course, it's "in process," so more numbers may appear later).

    We must drive the special interests out of politics.… There can be no effective control of corporations while their political activity remains. To put an end to it will neither be a short not an easy task, but it can be done. -- Teddy Roosevelt

    by NoMoJoe on Thu Jul 05, 2012 at 11:10:40 AM PDT

    [ Parent ]

    •  FWIW, I've found two references now (1+ / 0-)
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      that suggest that a foreign corp can work but a foreign partnership would present some problem w/ the structure.  They weren't really fleshed out, and I haven't had time to run down the technical explanation.

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