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Mon Oct 22, 2012, 12:25 AM

What Romney's Hiding: 'It's the Amnesty, Stupid' [View all]


Paul Abrams

What Romney's Hiding: 'It's the Amnesty, Stupid'

Posted: 09/23/2012 8:40 pm

Why does the press feign puzzlement about what Romney is hiding by not revealing his 2009 tax returns?

- snip-

His disclosure of his 2010 account omitted information about his Swiss bank account at the Union Bank of Switzerland (UBS). Why is the press not asking for this form? UBS was fined $760 million for putting Americans into abusive tax shelters and forced to reveal more than 4000 Americans who banked with them under numbered accounts.

The 4000+ Americans who were exposed by UBS were offered amnesty from criminal prosecution for tax evasion if they closed their Swiss Account, recalculated and paid all back taxes and paid a 25 percent penalty on the largest amount.

- snip -

To review, here is the circumstantial evidence:

i) Romney closed ONLY his Swiss UBS Account, not Caymans or Bermuda or Luxembourg. Hence, he cannot claim "bad optics for a campaign" as the alternative explanation;
ii) Romney closed the UBS account during the time required to receive amnesty;
iii) Romney omitted from his public disclosure of his 2010 returns the specific information about the UBS account;
iv) Romney took six extra months to prepare his 2011 returns, disclosing them in the countdown to the election, whereas he could have disclosed 2009 immediately with 2010, getting all that bad news out at once, during the primary, so that it would be ancient history by now. That is strong evidence that 2009, that would have shown the amnesty with flashing lights, was too toxic.

The press should be pressing for answers to each of these questions, as well as the over-arching question of amnesty. Otherwise, there is a real chance that a man who committed a federal crime and received amnesty could be occupying the nation's highest office.

- snip -

There is also some "softer" evidence. Why do the Romneys keep insisting that their finances were all handled by a blind trust? If they have done nothing wrong, why even mention it?


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Reply What Romney's Hiding: 'It's the Amnesty, Stupid' [View all]
Hissyspit Oct 2012 OP
Angry Dragon Oct 2012 #1
pointsoflight Oct 2012 #2
Mr.Bill Oct 2012 #3
spanone Oct 2012 #4
dchill Oct 2012 #5
msongs Oct 2012 #6
CrispyQ Oct 2012 #7