Romney Omitted Funds Held In Offshore Tax Havens From Ethics Forms

Romney Omitted Funds Held In Offshore Tax Havens From Ethics Forms

A now-closed Swiss bank account and at least 23 investment funds listed in former Massachusetts Gov. Mitt Romney’s (R) recently released tax returns were not listed in his most recent financial disclosure forms, which are required to run for office. Among the unlisted funds were 11 based in offshore tax havens like Bermuda, the Cayman Islands, and Luxembourg, the Los Angeles Times reported today, and many are associated with Bain Capital, the private equity firm Romney co-founded. According to the Times, Romney’s campaign dismissed the discrepancies as “trivial” but said they will have to make “some minor technical amendments” to Romney’s disclosure forms.