Mitt Romney said that big businesses know how to use “tax havens around the world” – he needs to come clean and release his tax returns so voters can know whether he’s taken advantage of them to avoid paying his fair share. Romney believes in a tax system with two sets of rules – one for himself and others at the top, and another for everyone else.
- Mitt Romney said yesterday that big businesses “know how to find ways to get through the tax code” and use “tax havens around the world.” He said that just hours after records were released showing that Romney’s corporate-buyout firm had used several strategies to avoid paying U.S. taxes. Has Romney done the same thing?
- Must Read: This Bloomberg report on the subject.
- Romney needs to come clean and release more tax returns. Voters deserve to know whether he’s taken advantage of foreign tax havens to avoid paying his fair share and how those practices would influence the tax reform debate if he were president.
- Even Republicans want Romney to come clean and release more tax returns. He’s left too much unexplained about his private-sector record, which he’s made the cornerstone of his campaign. Maybe they’re wondering what John McCain saw in 23 years of Romney’s tax returns that made him decide to pick Sarah Palin instead.
- Romney believes in a tax system with two sets of rules – one for himself and others at the top, and another for everyone else.
- Romney supports an unfair tax system that lets many of the wealthiest taxpayers take advantage of special breaks and loopholes unavailable to many middle-class families. It lets Romney pay a tax rate lower than many middle-class families pay.
- Romney picked Paul Ryan, who proposed a plan that would’ve let Romney pay less than 1 percent in taxes.
- Romney may have taken advantage of foreign tax havens to avoid paying his fair share. We didn’t know about Romney’s $3 million Swiss bank account or his Bermuda shell corporation until he released one full year of tax returns. What else is he hiding by not releasing more?
- Romney’s own tax plan would mean that big businesses wouldn’t have to pay any U.S. taxes on profits earned overseas, including in foreign tax havens.