A campaign spokeswoman did not respond to questions about which years Mr. Romney or the family trusts had filed separate forms with the Internal Revenue Service disclosing their foreign income. Disclosing those forms would reveal whether Mr. Romney had over the years declared all of his foreign income to the I.R.S. in a timely manner....
Some elements of Mr. Romneys finances became more opaque in 2011. Taxable wages for household employees, which reached $20,603 for four people in 2010, were not included on the 2011 return. Instead, the family made those payments through a payroll company that filed its own return.
Mr. Malt, who manages the familys trusts, also disposed of politically sensitive investments while Mr. Romney campaigned for president. The 2011 tax returns his campaign released Friday showed that Mr. Romneys family trusts had invested in shares of a Chinese-owned state oil company and sold those investments last summer, as Mr. Romneys anti-Chinese comments heated up on the campaign trail.
Mr. Romneys trusts also hedged against the dollar. Mr. Malt invested in a derivative that would profit if the dollar fell against a group of foreign currencies. He also put some of the familys money in derivative securities linked to the Japanese stock market and to an index that includes stocks in every major country except the United States...
The Romney family trusts invested around the world. They owned shares in Credit Suisse, the Swiss bank; FLSmidth, a Danish machinery company; ArcelorMittal, a steel company based in Luxembourg with operations around the world; and Komatsu, a Japanese machinery company. All those investments were sold on Aug. 10, 2011 the day before a Republican primary debate in Iowa.
Might swing by a poll before I head to work.
