Democracy4Sale wrote: When he PROVES that what he's done was not illegal, then I'll worry about it.
You lost me right there... seems you've got the logic backward if you've deemed him guilty without proof, and ask for evidence to prove innocence. Seems there's a lot of that around the country today, in politics, in Florida, all over the place.
Democracy4Sale wrote: When he PROVES that what he's done was not illegal, then I'll worry about it.
You lost me right there... seems you've got the logic backward if you've deemed him guilty without proof, and ask for evidence to prove innocence. Seems there's a lot of that around the country today, in politics, in Florida, all over the place.
You got that right. innocent until proven guilty no longer applies. And if some brain dead partisan regurgitates it enough times they eventually deem it to be indisputable fact. Hard to have an intelligent conversation with these people.
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
Democracy4Sale wrote: When he PROVES that what he's done was not illegal, then I'll worry about it.
You lost me right there... seems you've got the logic backward if you've deemed him guilty without proof, and ask for evidence to prove innocence. Seems there's a lot of that around the country today, in politics, in Florida, all over the place.
doncha know, Republicans are juged by the Napoleanic code. "They are guilty until proven innocent." And even then, suspicions will linger for the rest of their life.
Thomas Sowell: There are no solutions, just trade-offs.
Mitt Romney, Offshore Tax Accounts Entangled Since Bain Capital's Founding
WASHINGTON -- Mitt Romney's involvement with anonymous accounts in offshore tax havens goes back to the 1984 founding of Bain Capital, which raised millions of dollars from wealthy foreigners through shell corporations in Panama, a nation notorious for tax avoidance schemes and money laundering, according to a report by The Los Angeles Times.
The Times story follows on Romney's recent acknowledgement to the National Review that he established funds in the Cayman Islands for the explicit purpose of helping wealthy investors avoid paying American taxes. Bain currently operates at least 138 shell companies headquartered in the Cayman Islands, which, like Panama, has long been associated with both legal and illegal tax machinations and money laundering.
"The so-called offshore account in the Cayman Islands, for instance, is an account established by a U.S. firm to allow foreign investors to invest in U.S. enterprises and not be subject to taxes outside of their own jurisdiction," Romney told National Review's Robert Costa on Wednesday. "So in many instances, the investments in something of that nature are brought back into the United States. The world of finance is not as simple as some would have you believe. Sometimes a foreign entity is formed to allow foreign investors to invest in the United States, which may well be the case with the entities that Democrats are describing as foreign accounts."
By taxes "outside of their own jurisdiction," Romney was referring to taxes imposed by the U.S. government.
These early Bain investors did not directly buy into Bain's funds, however. Instead, they established shell corporations in Panama, and those shell companies invested in Bain. Panama has long had extreme bank secrecy laws and lax corporate registration standards, which help shield the identities of global investors for both legitimate and illegitimate purposes.
Today, establishing a corporation and bank account in Panama costs less than $2,000, and any money that investors stash in these entities is not taxed. Panama's bank secrecy laws make it very difficult for the Internal Revenue Service to track transfers of funds to these Panamanian destinations from the United States. Small surprise, then, that Panama is home to nearly 400,000 offshore corporations, more than any other nation except Hong Kong.
Well, it just keeps getting worse... So, we can add Panama to the list: Cayman Islands, Bermuda, Switzerland....Panama... (going back to the formation of Bain in 1984...) Slimebag just doesn't know how to make it without doing it under the table...
Maybe it is more about his residency in Utah or Massachusetts that he is worried about than his finances. Where he claimed residency, where he voted could be the issue that's holding him back from releasing.
When you plant ice you're going to harvest wind. - Robert Hunter
