Bermuda Shorts has never gotten too involved in politics, but I thought it was necessary—especially given the current state of American presidential politics—to point you to an interesting article currently running on Politico. It's about Mitt Romney and how the presidential candidate avoided paying taxes while at Bain Capital by sheltering his assets in, yes you guessed it, Bermuda. Interested? Then check out Mitt Romney's Bermuda (tax) Holiday to learn more about how Mitt made his millions (rather, kept his millions from being taxed in the U.S.). I'm not sure what's more surprising, that he did it in the first place, that we're just finding out or that it happened in Bermuda.
Friday, January 20, 2012
Mitt's Bermuda Millions
Bermuda Shorts has never gotten too involved in politics, but I thought it was necessary—especially given the current state of American presidential politics—to point you to an interesting article currently running on Politico. It's about Mitt Romney and how the presidential candidate avoided paying taxes while at Bain Capital by sheltering his assets in, yes you guessed it, Bermuda. Interested? Then check out Mitt Romney's Bermuda (tax) Holiday to learn more about how Mitt made his millions (rather, kept his millions from being taxed in the U.S.). I'm not sure what's more surprising, that he did it in the first place, that we're just finding out or that it happened in Bermuda.
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