Democrats & Liberals Archives

Romney Adding Value... In the Caymen Islands

I don’t know about you, but I like the prospect of a US President who maintains offshore banking accounts. It’s comforting. If things go really bad, a fellow like Willard can always show up at that PO Box in the Caymans, just like anything wealthy third world leader in exile, and everything will be fine. His shell corporations in the Caymans and Bermuda will also allow him to keep calling himself a CEO, although the Bermuda location merely consists of a nameplate on a lawyer’s office. Still, it’s SO international. Don’t you wish you had a nameplate on a lawyer’s office in Bermuda so that YOU could avoid taxes? Careful, though, let’s not get envious.

Willard acknowledges the existence of offshore accounts in his financial disclosure forms, but unlike Obama and McCain, Willard refuses to release his tax returns. He never did release them when he lost a Senate race to Ted Kennedy.

Oh! And one more thing.

About two weeks ago, the FBI refused to fulfill a Freedom of Information Act regarding Bain because of an ongoing investigation. It might involve Romney. It might not. I'm guessing not.

Still, I hear the Caymans are a lovely place.

Posted by phx8 at January 13, 2012 5:33 PM
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Just more class envy I suppose phx8.

Posted by: Royal Flush at January 13, 2012 6:19 PM
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Well, I am a little hurt. Romney won’t reveal his big financial backers, but it turns out they are managers from funds like Bain, and they are holding a gala dinner Tuesday, and I’m not invited. Romney does accept $100 donations, doesn’t he?

And I’m disappointed almost of all his e-mails from his time as Governor in MA were destroyed. What if one of mine was in there? I mean, can he do that? He won’t reveal his financial backers. He won’t release his tax returns. The FBI won’t let Bain records be publicized. Well, I guess I’m envious that I don’t have so much to hide.

Posted by: phx8 at January 13, 2012 6:49 PM
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phx8

Obama will also accept your $100, but try getting into one of his Gala dinners with that as your ticket.

Posted by: C&J at January 13, 2012 8:27 PM
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Romney has avoided disclosure of his tax returns for one simple reason: he has been paying the low capital gains rate of 15% on millions of dollars of income. He said today that he will be releasing his returns this April and acknowledged that most of his income has been taxed at the low capital gains rate.

There is nothing illegal with that. However, he is a poster boy for the 1% multi-millionaires paying less income tax than a school teacher.

Posted by: Rich at January 17, 2012 6:55 PM
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He is not releasing his past tax returns because he paid way less than 15% - probably zero. Legally of course. You can be sure when he releases his 2010 taxes this April as promised, it will be absent of efforts to minimize taxes.

You keep cheering him on RF. The 1% is laughing. It’s just too easy.

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