I call, "Bullshit." If this was true, the funds would be based in the U.S.
>>>”A spokesperson for the Romney campaign says Romney follows all tax laws and he would pay the same in taxes regardless of where the funds are based.”
I call, “Bullshit.” If this was true, the funds would be based in the U.S. <<<<
There is a decent chance the part about “following all tax laws” is true. Whatever tax avoidance scheme he might be involved in is probably legal, or at least hasn’t been deemed illegal yet.
The part where he says he would pay the same taxes regardless of where the funds are based smells like bs. If there is no tax benefit, there would seem to be no reason to keep the funds in the Caymans, unless they were from illicit activities.
Another possibility, what if Willard parked the cash there to hide it from the LDS tithe police?
At any rate, millions in offshore accounts is not going to look good for someone running for POTUS.