The Obama campaign is renewing its attacks on Mitt Romney’s offshore holdings Thursday following reports in Vanity Fair and then the Associated Press this week on his offshore activity. The AP report detailed a company in Bermuda that has been among Romney’s holdings for almost 15 years but has not been listed in any of his federal financial reports.
Obama campaign press secretary Ben LaBolt put out a statement Thursday morning on the AP article.
“Yesterday’s Associated Press story raises serious questions about whether Mitt Romney established a Bermuda corporation to avoid U.S. taxes and attempted to hide it from the public. According to the report, Romney transferred the mysterious corporation to a blind trust in his wife’s name one day before taking office as Governor in order to avoid disclosure. In fact, he left this entity off of seven different personal financial disclosure statements he was required to file under state and federal law since 2001. We already know about Romney’s $3 million Swiss bank account and millions of dollars of investments in foreign tax havens like the Cayman Islands. Bermuda does not tax corporate income or capital gains. Until Romney releases additional years of tax returns, the American people will never know whether he created this shell corporation to intentionally avoid paying U.S. taxes. What is Mitt Romney trying to hide?”
The campaign also released a web video in which they interview Americans about Romney’s financial portfolio.
Watch:
