MITT ROMNEY’S tax returns show he paid 14.1%, below his campaign’s previous estimate of 15.4%.
The Republican candidate for the US presidency (pictured) paid about to $1.9m (£1.1m) on $13.7m of income in 2011, reports the BBC.
The top rate of tax in the US is 35%, but Romney lives primarily on income derived from his investments, for which 15% tax is payable.
The private equity businessman has already released his 2010 return, which showed he paid approximately $3m, equating to 13.9%.
A letter from PwC – Romney’s accountants – pertaining to his returns from 1990-2009 said he paid an effective rate of 20.2% during that time, with the lowest return being 13.66%.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy