The drip drip drip is turning into a flood. Now we learn (from the conservative British press) that the Romneys Rmoneys Rmonies have doubled their use of foreign tax havens in places such as the Cayman islands...
And the British Virgin Islands? I guess this is Mitt's idea of a "special relationship."
Mitt Romney has revealed he has been making growing use of foreign tax havens as polls show he is losing ground to Barack Obama in America’s two most crucial election battlegrounds.
The Republican presidential contender and his wife Ann more than doubled their investment income from foreign sources in 2011 over 2010, according to tax returns newly released by his party.
Of the $3.5 million of their $13.7 million 2011 income that came from abroad, some of it can be traced to controversial tax havens such as Bermuda, the Cayman Islands and the British Virgin Islands.
In 2010, the Romneys' foreign income was just seven per cent of their income.