Mitt Romney explains it all:

"I don’t know how many more times I can explain this to you. I didn’t put my money in a Cayman Island tax shelter to dodge U.S. taxes, I only need an offshore account so my undisclosed overseas clients can give me money without paying U.S. taxes or dealing with federal oversight. It’s really simple, and not a big deal.”

Mitt Romney explains it all:

"I don’t know how many more times I can explain this to you. I didn’t put my money in a Cayman Island tax shelter to dodge U.S. taxes, I only need an offshore account so my undisclosed overseas clients can give me money without paying U.S. taxes or dealing with federal oversight. It’s really simple, and not a big deal.”