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.