Mitt Romney’s Business Practices: “Too Shady for Italy”
That was Jon Stewart’s description of Bain Capital on last night’s episode of The Daily Show. According to a Bloomberg report, Bain Capital — when Romney was still CEO — took over a company in Italy, made over a billion dollars in profits, and weaseled out of paying any taxes by laundering their money through a subsidiary in Luxembourg.
The Bloomberg article also suggests that Bain’s scorched earth practices in Italy were the reason Romney didn’t include Italy on his European trip.
Jon Stewart said:
“Wow, Mitt Romney’s business practices are too shady for Italy. Mitt Romney has to say to Italy, ‘I’m a legitimate businessman.’ Italy, a country where the prime minister, the head of the country’s largest media conglomerate and the host of their finest ‘bunga bunga’ parties is the same fucking guy.”
He also described Luxembourg as “a country that exists solely as the world’s financial dialysis machine.”