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Bermuda an issue again for Romney

Mitt and Ann Romney failed to list a Bermuda fund as well as investment income from a Swiss bank account on financial disclosure forms filed last year.The disclosure documents are required of presidential candidates.A Romney spokeswoman told the Associated Press yesterday the adjustments are “trivial” and “will not alter the overall picture” of the Romneys’ finances.Romney’s campaign said yesterday it’s updating the financial disclosure forms after the Romneys’ 2010 tax return, released this week after intense pressure from his rivals, revealed the existence of the Swiss account.The Swiss account was held in Ann Romney’s blind trust. The tax returns show the Romneys made $1,783 in interest income from that account in 2010.A review by the Los Angeles Times/Tribune Washington Bureau yesterday said they found that at least 23 funds and partnerships listed in the couple’s 2010 tax returns did not show up or were not listed in the same fashion on Romney’s most recent financial disclosure, including 11 based in low-tax foreign countries including Bermuda, the Cayman Islands and Luxembourg.The LA Times reported: “Most of the funds that don’t show up on the financial disclosure form are entities listed on the 2010 tax return for Ann Romney’s blind trust. While Romney’s financial disclosure does detail three pages of investments held by Ann Romney’s trust, 21 entities that the couple reported as part of their tax filing are missing or not reported in the same fashion. One other fund, the Bermuda-based Sankaty High Yield Asset Investors Ltd., is listed in the couple’s joint 2010 tax return, but cannot be found on Romney’s financial statement.”The Romney campaign has stressed that Romney has paid all required US taxes on his foreign funds.