Media Blog

Vanity Fair vs. Mitt’s Offshore Accounts

This piece by Nicholas Shaxson is making headlines. The opener:

Where the Money Lives

For all Mitt Romney’s touting of his business record, when it comes to his own money the Republican nominee is remarkably shy about disclosing numbers and investments. Nicholas Shaxson delves into the murky world of offshore finance, revealing loopholes that allow the very wealthy to skirt tax laws, and investigating just how much of Romney’s fortune (with $30 million in Bain Capital funds in the Cayman Islands alone?) looks pretty strange for a presidential candidate.

I’m in the camp that no matter how legal these investments are/were, they do look “strange.” Romney couldn’t answer these questions when Gingrich was hitting him on the issue and his team is no better today. I don’t care that he had the investments; I care that he hasn’t come up with any coherent strategy to defend the attacks.

The whole thing here.


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