Greg Sargent: Confirmed: More on Romney and his offshoring

What timing! No sooner do I quote an expert speculating that Mitt Romney might be reluctant to release previous tax returns because of possible offshoring, then ABC News breaks the story open:

As one of the wealthiest candidates to run for president in recent times, Romney has used a variety of techniques to help minimize the taxes on his estimated $250 million fortune. In addition to paying the lower tax rate on his investment income, Romney has as much as $8 million invested in at least 12 funds listed on a Cayman Islands registry. Another investment, which Romney reports as being worth between $5 million and $25 million, shows up on securities records as having been domiciled in the Caymans.

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Source: http://feeds.washingtonpost.com/click.phdo?i=50d1d77c82564f76390c68a32aba0a52

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