Mitt Romney's holdings in the Cayman Islands have generated lots of interest in investment funds that are managed from the U.S. but incorporated in foreign jurisdictions. The real winners in these arrangements are U.S. tax-exempt entities, not Mitt Romney and the investors themselves.
Art funds let you own a share of a portfolio. Some funds have bested the S&P 500.
There are plenty of ways to cut spending, but without raising taxes for the super rich, the deficit won't get any smaller
The IRS is offering partial amnesty for Americans who report previously undisclosed Swiss bank or other foreign bank accounts.