Foreign Affairs: How Romney’s Millions Went Tax-Free Overseas

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BY JOE CONASON On the same day that Mitt Romney cracked his birther “joke,” new evidence indicated that he and his partners at Bain Capital have used questionable methods to avoid federal taxes – including a scheme that transforms corporate stock into untaxed offshore “derivatives” and a practice that converts management fees into capital gains, which are taxed at a far lower rate. While nobody has asked to see the Republican candidate’s birth certificate, as […]

Arnold Hamilton
Arnold Hamilton
Arnold Hamilton became editor of The Observer in September 2006. Previously, he served nearly two decades as the Dallas Morning News’ Oklahoma Bureau chief. He also covered government and politics for the San Jose Mercury News, the Dallas Times Herald, the Tulsa Tribune and the Oklahoma Journal.