Barack Obama thinks Mitt Romney is wrong for investing in Ireland

Barack Obama has described Ireland as a tax haven in an online attack on Mitt Romney’s investment policy. The allegation about Ireland’s tax status is contained in a graphic posted on Obama’s website. The graphic image illustrates the investments of Romney, Obama’s rival in the US Presidential election. The graphic says that Romney has invested in Ireland, the Cayman Islands, Bermuda, Switzerland, and Luxembourg. The headline on the graphic reads: "Has Mitt Romney avoided US taxes by investing millions in tax havens?" The website notes that a trust associated with Romney held an undisclosed amount of money in a Goldman Sachs fund and in other accounts in Ireland. Romney’s published tax returns for 2010 gave details of his wealth around the globe, income, and the tax he pays. “Tell Mitt Romney to bring his offshore accounts back to the USA,” urged the Obama website. The Obama administration is reported to be considering measures aimed at imposing a minimum level of tax on the profits of US multinationals that are located outside the United States. Critics believe that this move could act as a disincentive to foreign direct investment into Ireland. I wonder if Obama would have any problems with Romney investing in Israel? Somehow I don't think so. Hopefully this will make some of the Irish Americans who voted for Obama in 2008 think twice and vote for Romney in 2012.