Romney Stashes Millions In Cayman Islands

Mitt Romney has millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven, according to an investigative report by ABC News.

Click here for the full report:
http://abcnews.go.com/Blotter/romney-parks-millions-offshore-tax-haven/story?...

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[StMattofDurham]

@AdenCrockerTV This is correct. Here's what happens. I would call our Cayman attorneys at Walkers and ask them to form an LP. They can do it really fast and they have all the infrastructure for complying with Cayman Law. They would then e-mail me a color PDF of the Cayman Certificate of of Limited Partnership. I would then forward that to Goldman Sachs and they would open the account and register it as being in the Cayman Islands. The money never leaves the US.

[seamoremonster]

9 out of 10 crooks, assassins, drug cartels, conmen, extortionist, embezzlers, and other assorted low life crooks prefer to bank in the Cayman Island.

[Hodenkat]

Even if you like your state representative, vote them out! That's how we can change the rules. Be warned though. Corporations are watching. There will be more Romneys out there running for political office. This is known as the "revolving door" in politics. The banker becomes your congressman. The CEO becomes your senator. And you become the slave! Do you see it yet? Does the Occupy movement give you any clues about what's happening?

[willmct]

@whereismybailouttv It's spelled Cayman! You dumbass

[luisrock2008]

That means us middle class americans pay more tax than him

[whereismybailouttv]

Just to set the record straight:

We have no connection to Romney's Caymen Island accounts.

We have no personal Caymen Island accounts.

We've never been to the Caymen Islands. However, if you're willing to pick up the tab, we're listening.

[BrotherAlpha]

The skills needed to be a good businessman are not the same that are needed to be a good politician. Romney cares more about money and power than patriotism. Sadly, this is true of more than 90% of elected officials.

[justjulie37]

And yet the Republican clowns are bitching that people that make less than $10,000 a year don't pay any taxes. the arrogance of these people is unbelievable. It's ok for these crooks to continue to play games while poor families are scraping by to get enough food for their families. Absolutely sickening !

[crocfme]

Unfortunately, I see nothing changing until there is major reform such as measures to make politics a more level playing field. People with experience and knowledge of the middle class are effectively barred from running for ANY political office thru financial constraints.

Most very rich people (the only ones who can afford to run for office) are expert in exploiting the masses to acquire their fortunes, but its those honest hardworking masses that need representation - now more than ever!

[jnyerere]

@UltraVert If it ever was real and not a deceptive tactic used by our government, then I would say that the "American dream" is merely ancient history.

[StMattofDurham]

@AdenCrockerTV I now believe that it's an indefensible practice. It's sole purpose is to avoid taxation. However it's difficult to ban because the simple act of having that little piece of paper from the Cayman Islands means the money is not under US jurisdiction. And you can't just completely ban money going overseas because there are legitimate reasons for it to go overseas. And lots of campaign donations come from people who use the Caymans, so lawmakers are in no hurry to outlaw it.