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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRomney's Wife Had-$3 Million-In Secret Swiss Account Thru 2012-NOT-Reported In Fed Disclosure Forms
Romneys Wife Had $3 Million in Secret Swiss Bank Account Through 2010; Not Reported in Federal Disclosure Forms
Remember how peculiar it was that presidential candidate Mitt Romney refused to release his tax returns? That was predictably a non-starter. Most voters probably assume the reason he resisted was to avoid the controversy over his strikingly low tax rate.
Another factor appears to have played into this decision. The release of the tax returns shows Romney neglected to disclose some required financial information in his personal disclosure form filed with the Office of Government Ethics last year. His team apparently timed the release of his tax records with the hope that State of the Union hooplah would dominate news coverage and result in his finances getting less attention than they might otherwise. And that appears to been correct. His failure to divulge information about 23 investments, and more important his use of secret Swiss bank accounts, has been given a free pass. As Citizens for Responsibility and Ethics in Washington director Melanie Sloan observed, Mr. Romney says the errors are minor, but then again he also claims earning $374,000 in speaking fees isnt much money.
http://www.nakedcapitalism.com/2012/02/romneys-wife-had-3-million-in-ubs-unit-closed-for-helping-us-citizens-evade-taxes.html
FRI FEB 03, 2012 AT 12:36 PM PST
Ann Romney: $3M Swiss Bank Account for fun and pleasure
bypolecatFollow
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From the LA Times
An examination by the Los Angeles Times/Tribune Washington Bureau found that at least 23 investments detailed in the couple's 2010 tax returns did not show up or were not listed in the same fashion on Romney's most recent financial disclosure, including 11 based in low-tax foreign countries such as Bermuda, the Cayman Islands and Luxembourg.
(my emphasis)
Among the assets omitted is a Swiss bank account in Ann Romney's blind trust that held $3 million until it closed in 2010. The account was listed on a financial disclosure Romney filed in 2007, but it was mistakenly named as an asset held by the couple, not as part of Ann Romney's trust. A campaign spokeswoman said Thursday that Romney will file amendments to both his 2007 and 2011 financial disclosures to correctly identify the bank account.
The Romney campaign dismissed the omission of information as inadvertent and inconsequential, noting he has released more than 600 pages of details about his finances. Indeed, among the hundreds of investments listed on his recent financial disclosure are many foreign funds.
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MORE:
http://www.dailykos.com/story/2012/02/03/1061518/-Ann-Romney:-$3M-Swiss-Bank-Account-for-fun-and-pleasure?via=siderec
Ian62
(604 posts)Some peeps are gonna be busy poring over 600 pages and cross checking against other filings and other info in the public domain. Take a bit of time. I think more will come out
Zenlitened
(9,488 posts)It's a simple oversight, a common problem.
These things happen to everybody from time to time, don't they?
#TheRichAreDifferent #ForNow
Old and In the Way
(37,540 posts)BeyondGeography
(39,386 posts)fascisthunter
(29,381 posts)it really is says too much.
closeupready
(29,503 posts)This story is likely to make Newt very, very happy.
Historic NY
(37,454 posts)I thought Mormons were suppose to be pious.
DCKit
(18,541 posts)We should, too.
Angry Dragon
(36,693 posts)A lot of drug dealers try to hide their money in foreign accounts, is this what is happening??
B Calm
(28,762 posts)In Secret Swiss Tax Invasion Account
tanyev
(42,636 posts)City Lights
(25,171 posts)Why do you hate America, Mittey?