Mitt Has Millions in Cayman Islands

Emmanuel Dunand, AFP / Getty Images

It couldn’t get much better for those, Democrats and Republicans alike, who want Mitt Romney to release more details on his personal wealth. ABC News is reporting that the candidate has millions shored up in investment funds in the tax haven of the Cayman Islands. A spokesperson for the Bain Capital cofounder’s campaign said that Romney, who recently reassured voters in New Hampshire that he follows all the tax laws, would pay the same amount in taxes no matter where the funds are based. Romney’s Cayman Islands investments reportedly total nearly $8 million spread over as many as 12 funds, as well as another investment valued at between $5 million and $25 million. The news comes as Newt Gingrich has had a sudden surge in a South Carolina poll, cutting Romney’s lead to only 10 percent of likely voters.