Posted by | July 15, 2012 14:52 | Filed under: Top Stories

War on Error at Daily Kos reminds us of the Los Angeles Times series by Bob Drogin in 2007 on Mitt Romney’s financial dealings.

While in private business, Mitt Romney utilized shell companies in two offshore tax havens to help eligible investors avoid paying U.S. taxes, federal and state records show.

Romney gained no personal tax benefit from the legal operations in Bermuda and the Cayman Islands. But aides to the Republican presidential hopeful and former colleagues acknowledged that the tax-friendly jurisdictions helped attract billions of additional investment dollars to Romney’s former company, Bain Capital, and thus boosted profits for Romney and his partners.

By: Alan

Alan Colmes is the publisher of Liberaland.