{"id":8342,"date":"2012-07-12T10:00:20","date_gmt":"2012-07-12T17:00:20","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=8342"},"modified":"2012-07-12T10:00:20","modified_gmt":"2012-07-12T17:00:20","slug":"romney-just-like-his-bankster-buddies","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2012\/07\/12\/romney-just-like-his-bankster-buddies\/","title":{"rendered":"Romney Just Like His Bankster Buddies"},"content":{"rendered":"

While Willard Romney was firing workers and offshoring their jobs, he was also offshoring the $millions he profited from wrecking American families to tax havens to allow him to evade paying his share of taxes.  He says it isn\u2019t so, but his irrevocable positions on both sides of virtually every issue have ruined his credibility.  In fact, Willard is just like his Bankster Buddies.<\/font><\/p>\n

\n

\"12TaxHaven\"<\/p>\n

Mitt Romney\u2019s mysterious financial holdings have been the topic of furious discussion this week, after a Vanity Fair investigation<\/a> detailed how significant amounts of the Republican presidential candidate\u2019s fortune may be parked in offshore bank accounts in low- or no-tax countries, allowing Romney to not only obscure how much he is actually worth but avoid paying the federal taxes he would otherwise owe<\/strong>.<\/p>\n

While it\u2019s extremely unusual for someone who wants to be president to abuse offshore tax havens like this, it\u2019s an all too common practice for many major American companies\u2014and is most popular in the financial sector from which Romney comes<\/strong>.<\/p>\n

And perhaps not so mysteriously, some of the biggest abusers of offshore tax havens\u2014along with some of the chief facilitators of this practice\u2014seem to have gravitated to Romney\u2019s re-election effort<\/strong>. Of the his campaign\u2019s top eleven contributors, seven are financial firms with significant offshore tax haven activity<\/strong>.<\/p>\n

Of the four that do not have extensive tax havens themselves, two are accounting firms that do prolific business in helping set up those havens<\/strong>, and one is a Swiss bank where employees are currently under a federal investigation for helping to facilitate potentially illegal abuse of offshore tax havens<\/strong>.<\/p>\n

So while Romney is currently downplaying<\/a> his use of offshore tax havens, maintaining those evasion structures is no doubt a top priority of the people and industries funding his campaign<\/strong>\u2026<\/p>\n<\/blockquote>\n

Inserted from <The Nation<\/a>><\/p>\n

Talk about a Who\u2019s Who in tax evasion schemes!  I urge you to click through for the rest of George Zornick\u2019s fine article.<\/font><\/p>\n

Ed Schultz interviewed George Zornick.<\/font><\/p>\n

<\/embed><\/object><\/font><\/p>\n

Visit msnbc.com for breaking news<\/a>, world news<\/a>, and news about the economy<\/a><\/p>\n

There\u2019s a simple reason that Willard won\u2019t reveal his finances, as virtually all other contenders for the presidency have.  He doesn\u2019t want you to know that you are paying his fair share.  Tax evasion through offshoring causes the nation approximately $100 million per year in lost revenue.  To make up for this welfare for the 1%, it costs $434 per year for every taxpayer.  Look at that list of companies again.  They trust Willard, because he\u2019s one of them.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"

While Willard Romney was firing workers and offshoring their jobs, he was also offshoring the $millions he profited from wrecking American families to tax havens to allow him to evade paying his share of taxes.  He says it isn\u2019t so, but his irrevocable positions on both sides of virtually every issue have ruined his credibility.  […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-8342","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/8342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=8342"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/8342\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=8342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=8342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=8342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}