OhIsee.Then
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Bain Capital Files Leaked Online Offer Details On Mitt Romney Holdings
"One expert on private equity taxation, University of Colorado law professor Victor Fleischer, said Thursday in a blog posting that the records from one entity, Bain Capital Fund VII LP, a Cayman Islands-based offshore account, showed that the fund's managers appear to have converted their fees from ordinary income to future capital gains. Such a maneuver, Fleischer said, would allow the income to be deferred and taken later at a lower 15 percent capital gains rate."
As of 2011, Ann Romney's blind trust held between $100,000 and $1 million of that fund, according to Romney's 2011 presidential financial disclosure statement."
Is this accurate? And, there is a bunch more of this stuff. Is it all a lie? What does stuff like this meen?
"One expert on private equity taxation, University of Colorado law professor Victor Fleischer, said Thursday in a blog posting that the records from one entity, Bain Capital Fund VII LP, a Cayman Islands-based offshore account, showed that the fund's managers appear to have converted their fees from ordinary income to future capital gains. Such a maneuver, Fleischer said, would allow the income to be deferred and taken later at a lower 15 percent capital gains rate."
As of 2011, Ann Romney's blind trust held between $100,000 and $1 million of that fund, according to Romney's 2011 presidential financial disclosure statement."
Is this accurate? And, there is a bunch more of this stuff. Is it all a lie? What does stuff like this meen?