Financial Transparency Coalition

There’s been a lot of speculation about what secrets Mitt Romney is hiding in his tax returns. The economist in me feels fairly certain that, given the immense damage this issue has done to his presidential bid and assuming the campaign has done a cost-benefit analysis, there must be something pretty shocking lurking below the surface. We already know Mitt Romney has as much as $8 million invested in at least 12 Cayman Island funds and another investment, worth between $5 million and $25 million, shows up on securities records as domiciled in the Caymans. Some have argued we should ignore...

Nicholas Shaxon, author of Treasure Islands and a contributor to the Task Force blog, wrote a fantastic expose of US GOP Presidential Candidate Mitt Romney's offshore finances in Vanity Fair.

  Republican presidential candidate, Mitt Romney, is unwilling to disclose his tax returns to the public but maintains that he has paid taxes on all incomes.  His company, Bain Capital, established off-shore accounts which attract more business from those attempting to avoid U.S. taxes.  The Romney campaign maintains that they may someday release his tax

As you probably are already aware, it seems Mitt Romney can’t make up his mind on a lot of issues. He has been able to make his mind on one thing, though—quite clearly and quite decisively, mind you. That one thing is that Mitt Romney doesn’t like paying taxes. After much several months hemming, hawing, and waffling on the issue, Mitt finally bowed to mounting pressure on Monday to release his tax returns. But Mitt isn’t going to keep us waiting in suspense he finally decides to hand over his returns. While talking to reporters, he gave us a sneak...