Who Hijacked Our Country

Monday, January 23, 2012

England Might Close Mitt Romney’s Bank Account

The U.S. government doesn’t seem to have a problem with large corporations and wealthy individuals hiding their money in foreign bank accounts, thereby sleazing their way out of paying jillions of dollars in taxes.

England, on the other hand, does.  And the Cayman Islands — one of the world’s largest offshore tax shelters — are a British territory.  Mitt Romney and Bain Capital have huge accounts hidden in the Cayman Islands.

There’s been a motion introduced in the House of Commons to close the Cayman Islands as a tax haven.  The motion was introduced by John Cryer, former member of the British Treasury Select Committee.  The motion “calls on the UK government to introduce urgent legislation to help close tax havens and increase transparency so that the very richest pay their fair share of tax in their respective countries.”

John Cryer said:

“I think it is a disgrace that the Cayman Islands, a tax haven, can enable wealthy corporations and individuals such as Mitt Romney and others in the wealthiest 1% to avoid tax and still be cloaked in secrecy. Meanwhile all across the western world, hard-working people are seeing their living standards and take-home pay stagnate or reduced.”

What will Poor Mittens do if his secret piggy bank gets smoked out?  Who knows, he might have to start chipping in on that war with Iran that he keeps clamoring for.

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Blogger Jerry Critter said...

The 1% will just find, or buy, another haven. Hell, if Mittens becomes President, the US may be their next tax haven. They hardly have to pay any US tax as it is now.

January 23, 2012 at 6:08 PM  
Anonymous S.W. Anderson said...

Yes, Switzerland beckons for the discerning tax cheats. I'm sure there must be a dozen or more countries vying with the Caymans to host hot money and bogus corporate headquarters.

January 24, 2012 at 12:09 AM  
Blogger Tom Harper said...

Jerry: Mittens would turn the U.S. into the world's largest tax haven for every tax-cheating millionaire in Russia, China, Brazil, Kuwait...

SW: I think Switzerland has already started cracking down on this, unless they were just making the right noises and going through the motions.

January 24, 2012 at 12:54 PM  
Blogger Lisa said...

Let's see you make money,invest it,make money off the capital gains at a 15% tax rate and know how to hide money from the bloodsuckers,because you know no matter how much they "take" from you it will never be enough for those bottomless pockets. Now that is somebody we should all learn from,not the ones who put us in 15 trillion dollars debt.

January 25, 2012 at 1:32 PM  
Blogger Tom Harper said...

Lisa: If it weren't for those "bloodsuckers," we wouldn't have been able to pay for that Iraqi war you loved so much.

January 25, 2012 at 6:23 PM  
Blogger Lisa said...

This comment has been removed by the author.

January 26, 2012 at 2:25 PM  
Blogger Lisa said...

Or the Afghanistan war or Libya. They are all crooks and we are the pawns they use for their own gain, be it monetary or political

January 26, 2012 at 2:26 PM  

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