‘Romney closed Cayman and Swiss bank accounts to avoid embarrassment’
‘As more details about Mitt Romney’s tax returns flow in, progressives are fuming about the infant-sized 13.9% he paid in taxes on millions of dollars in 2010. Another eye-opener was Romney’s quick act in closing his Cayman Island and Swiss bank accounts before running for president a second time’.
‘According to Reuters, “Romney advisers stressed that the holdings in the Caymans – along with those in a Swiss bank account that was closed in 2010 after an investment adviser decided it could be politically embarrassing to Romney – were reported on tax returns and were not vehicles to avoid taxes.”
‘But we don’t know how much was in those accounts because Romney only released two years of returns’.
From : http://www.westernprogressive.com/2012/01/romney-closed-cayman-and-swiss-bank-accounts-to-avoid-embarrassment.html