July 18, 2012
-- by Dave Johnson
Turns out that the 2010 taxes he showed us -- were, uh, missing ... uh ... a few things.
Romney released his 2010 tax return in January of this year, a document that first informed voters about the existence of his Swiss bank account and financial activities in Bermuda and the Cayman Islands. But people who own foreign bank accounts are required to file a separate document with the IRS that provides additional details on such overseas bank holdings, and Romney has not released that form to the public.
... Nevertheless, Romney's omission of the form from the earlier disclosure raises questions for tax policy experts about the function of his Swiss bank account, and whether or not Romney used other offshore bank accounts that did not generate interest.
"The campaign has never told us why he had a Swiss bank account," said Rebecca Wilkins, senior counsel for federal tax policy at Citizens for Tax Justice, a nonprofit tax reform group. "It just looks bad."
Posted by Dave Johnson at July 18, 2012 2:07 PM
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