Mitt Romney, one of the Republican presidential hopefuls for US presidential elections of 2012, has shares in Turkcell, the leading telecommunication company in Turkey.
Washington / NationalTurk – Mike Romney has invested in Turkish Mobile Operator and telecommunication giants Turkcell, a release of his tax records for years 2010 and 2011 revealed, after he lost in the North Carolina primary to his rival Newt Gingrich.
The rich Americans work with off-shore banks, open bank accounts in Switzerland to exploit tax advantages are also revealed. The disclosure indicated that using such cunning financial ways Mitt Romney has lowered the tax rate he pays to 15 percent while average tax rate for Americans is at 35 percent. US President Barack Obama announced and repeated at his State of the Union 2012 speech that anyone making more than $1 million per year should pay no less than a 30 percent tax rate. This call from Barack Obama to increase taxes on the rich came hours after Mitt Romney, the multi-millionaire Republican presidential hopeful, released tax returns showing that he paid just 14 per cent on earnings of more than $21m.
Mitt Romney for President : No, thanks USA
Aside from Turkcell Mitt Romney has invested in institutions such as National Bank of Greece and Chinese Life Insurance Company, according to the tax records.
With a net worth estimated at $250 million Mitt Romney’s revenue for the last two years was $42,6 millions Mitt Romney’s tax return has revealed.
Turkcell is the first Turkish company to be listed on the New York Stock Exchange (NYSE)(TKC), where its shares have been traded since July 11, 2000 along with trading on the Istanbul Stock Exchange (IMKB).