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Experts’ Best Guesses On Romney’s Swiss Bank Account
A great read. Both theories are well thought out.
How can this guy even pretend to understand the struggles of the average American? He and his family want for nothing.
I honestly don't doubt his abilities as a businessman, but will his policies be in my interest or the interest of Wall Street and the banks?
Romney’s unwillingness to disclose more information about his finances has fueled speculation that Romney used the account to hide money from the IRS, and may have even had to avail himself of an amnesty program that allowed U.S. owners of certain Swiss bank accounts to come clean to the government without facing legal recriminations. (The Romney camp is nowspecifically denying that his UBS account was connected to the IRS investigation and the amnesty program.)
But even if Romney paid his taxes as required, the question becomes, Why would a person with national political ambitions open himself to the political risks associated with having a Swiss bank account in the first place?
Plus there’s another hitch: Why run the risk for an account that was relatively small? It was opened on behalf of Ann Romney’s blind trust in 2003, held about $3 million, and generated a mere $1,700 of interest in 2010. Big bucks for ordinary folks, but not for Romney.
High risk/low reward isn’t exactly Mitt’s style personally or professionally. So what gives? Tax experts I’ve been talking to have some interesting — and plausible — theories about how Romney found himself in this mess. Emphasis on “theories.”
A great read. Both theories are well thought out.
How can this guy even pretend to understand the struggles of the average American? He and his family want for nothing.
I honestly don't doubt his abilities as a businessman, but will his policies be in my interest or the interest of Wall Street and the banks?