I know many of you are fans of Mitt's off shore holdings and of Mother Jones but is this the man any of you really want to be in charge of the country? The man is a cheat and the system provides him a easy way to do it.
Take a few mins and read....
Link
http://www.motherjones.com/politics/2012/09/mitt-romney-offshore-investments-cayman-islandsOffshore tax havens are better known for facilitating money laundering and tax evasion than legitimate business.
The total value of Romney's offshore investments is unknown, but his tax returns have revealed that he has at least $30 million invested in the Cayman Islands, in at least 12 different Bain Capital funds.
Tough to pay taxes and support the country that gave him his breaks when he hits his money...But it is all legal! Our system is broken when it provides for this type of shady system!
"The Cayman Islands jurisdiction for the Bain funds primarily makes it easy for their investors to cheat on their taxes," says Rebecca Wilkins, the senior counsel for federal tax policy at the nonprofit Citizens for Tax Justice. "Because of that they can attract more investors and they can earn bigger management fees. "
Because of the secrecy laws in the Caymans and other offshore tax havens, Bain investors are hidden from tax authorities like the IRS. Unless they choose to report their holdings and income, as Romney has, there is no way for tax officials in the US or other countries to know that such holdings exist, much less find a way to tax them.
Perfect!
He make munnies we deserve....