Mitt Romney: Believe in America (invest in the Caymans)
In his Vanity Fair piece Mitt Romney’s Offshore Accounts, Tax Loopholes, and Mysterious I.R.A., Nicholas Shaxson discusses offshore tax havens and something not a lot of Americans know: America is also an offshore tax haven for foreign money…
(which leads you to wonder if an American quarter-billionaire can get his wealth into foreign off-shore accounts, can he funnel it back into America with “special tax exemptions,” because it’s been magically transformed into foreign money…)
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