Thursday, January 26, 2012

First Read - Romney revising disclosures for overseas accounts

First Read - Romney revising disclosures for overseas accounts

Mitt Romney could face new questions about his overseas investments after a campaign official acknowledged to NBC News that his campaign is revising his federal ethics forms to report more than a half dozen offshore holdings, including income from a multi-million dollar Swiss bank account that was not disclosed last year.

The tax returns released by the Romney campaign this week showed that the Ann Romney Blind Trust had reported $1,783 in interest income from a bank account held at UBS in Switzerland in 2010. But interest from the Swiss bank account -- as well as holdings in other offshore investments in the Cayman Islands, Bermudas and Ireland that appear in the trust fund's tax returns -- were not disclosed in Romney’s financial disclosure form filed with the Office of Government Ethics last August.

LP - Where is Mitt's Millions The international edition. Let's hear complain about all the American paying no taxes. While of course they are as Mitt's got their taxable income in off shore accounts.

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