After numerous questions from the media, and repeated demands from his rivals, and even some jeers from a debate audience, Mitt Romney finally released his tax records for 2010 and 2011.
This move, however, hasn't let him escape the troubled waters that have washed away his attempt at a squeaky clean image. Those troubled waters are now murkier than ever.
The two years covered by the material released are not enough to get a clear picture of Romney's financial dealings. That's because the records for 2010 contain information that raises eyebrows, and more questions about his financial modus operandi in previous years.
The facts that Mitt Romney had, until 2010, a numbered Swiss bank account, and offshore transactions with financial institutions in Bermuda and the Cayman Islands are troubling admissions--especially since the front-running Republican Presidential candidate did not reveal the "Swiss" connection in another form of financial disclosure last year.
The electorate is entitled to know now--not after his nomination--why a man who has amassed a vast fortune found it necessary to place his wealth somewhere, anywhere, outside the United States.
It's time for Mitt Romney to give us the rest of the story.
Monday, January 30, 2012
Subscribe to:
Post Comments (Atom)
When one has great wealth one needs to protect himself from predators. Probably, there is no better way to do it than to spread one's assets around and put them where they cannot be easily attached in a law suit. That may be the best explanation for Romney's having foreign bank accounts in Switzerland and the Cayman Islands. The suspicion that he was trying to evade taxes has no foundation.
ReplyDelete