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| Republican Mitt Romney 'to release tax returns' | Republican Mitt Romney 'to release tax returns' |
| (40 minutes later) | |
| US Republican presidential hopeful Mitt Romney has said he will release recent tax returns on Tuesday. | US Republican presidential hopeful Mitt Romney has said he will release recent tax returns on Tuesday. |
| Mr Romney, the early favourite in primary elections, appeared embarrassed during the South Carolina campaign by the issue of how much tax he paid. | Mr Romney, the early favourite in primary elections, appeared embarrassed during the South Carolina campaign by the issue of how much tax he paid. |
| Last week he said he in effect paid 15%, less than most working Americans. | Last week he said he in effect paid 15%, less than most working Americans. |
| Newt Gingrich won the South Carolina primary on Saturday by an unexpectedly wide margin, beating the former Massachusetts governor by 40% to 28%. | Newt Gingrich won the South Carolina primary on Saturday by an unexpectedly wide margin, beating the former Massachusetts governor by 40% to 28%. |
| The candidate winning South Carolina has gone on to win the Republican nomination in each election since 1980. | The candidate winning South Carolina has gone on to win the Republican nomination in each election since 1980. |
| Speaking on Fox News Sunday, Mr Romney said the question of tax had become a distraction for his campaign, and he wanted to re-focus on the main issues. | Speaking on Fox News Sunday, Mr Romney said the question of tax had become a distraction for his campaign, and he wanted to re-focus on the main issues. |
| "I will release my tax returns for 2010, which is the last returns which were completed, on Tuesday of this week," he said. | "I will release my tax returns for 2010, which is the last returns which were completed, on Tuesday of this week," he said. |
| "And I will also release at the same time an estimate for 2011 tax returns." | "And I will also release at the same time an estimate for 2011 tax returns." |
| "I know people will try and find something, but we pay full fair taxes and I'm sure people will find it's a substantial amount," he added. | "I know people will try and find something, but we pay full fair taxes and I'm sure people will find it's a substantial amount," he added. |
| Correspondents say Mr Romney has campaigned on the strength of his success as an entrepreneur, but as a wealthy patrician figure he is regarded negatively by some conservatives. | |
| He is a multi-millionaire with three homes and lives mainly on income from his investments, for which only 15% tax is payable. |