The U.S. authorities are investigating

The U.S. authorities are investigating more than a dozen investment funds, including Bain Capital led for over fifteen years by Mitt Romney.


Several American investment funds are under investigation by the authorities of the State of New York, who think they have put in place a strategy to evade taxes, says the New York Times on its website, citing persons with knowledge of the investigation.
The newspaper quoted the relevant funds from KKR, TPG Capital, Sun Capital, Apollo Global Management, Siler Lake Partners and Bain Capital, a company founded and led for fifteen years by the Republican candidate for the White House Mitt Romney.
The New York Attorney General Eric Schneiderman has assigned a total of "more than a dozen" of funds, in order to obtain documents showing they have transformed certain management fees paid by investors in their "investments", many taxed less, the newspaper explains.
They would have avoided hundreds of millions of dollars in taxes, according to the New York Times, which states that the practice is common in the industry, but experts are divided over its legality.
A spokesman for the prosecutor and representatives of investment funds interviewed by the newspaper did not want to confirm.