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October 03, 2012


How Romney Avoided Paying Taxes

McClatchy digs into Mitt Romney's complex offshore investments and concludes "the circuitous paper chain likely was structured to avoid certain taxes for passive investors, including blind trusts for the Republican presidential candidate and his wife."

"It's just one of a maze of transactions involving the Romney family portfolio that were engineered in tax-neutral nations. The gradual emergence of outlines of these deals in recent weeks is prompting some experts to challenge Romney's pronouncement that his scores of offshore investments haven't lowered his federal taxes by so much as a dollar."












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