Romney: Big business is fine, helped by tax havens (AP via Yahoo)

[pinto]

Romney: Big business is fine, helped by tax havens
By Julie Pace | Associated Press

HOPKINS, Minn. (AP) — Creating a potential headache for his campaign, Republican presidential candidate Mitt Romney said big businesses in the U.S. were "doing fine" in part because they get advantages from offshore tax havens.

His comments echoed similar assertions about the state of big business by President Barack Obama which Romney has criticized. They're also a reminder that the GOP candidate has kept some of his personal fortune in low tax foreign accounts.

"Big business is doing fine in many places," Romney said during a campaign fundraiser Thursday. "They get the loans they need, they can deal with all the regulation. They know how to find ways to get through the tax code, save money by putting various things in the places where there are low tax havens around the world for their businesses."

<snip>

Romney didn't mention Thursday that he has kept some of his personal money in offshore tax havens, including accounts in Switzerland and the Cayman Islands.

http://news.yahoo.com/romney-big-business-fine-helped-tax-havens-074359322.html

[peacebird]

1. Such a fine upstanding patriotic sort, doing all he can to support his country!

Paying taxes is for peasants, obviously. The rich a citizens of the world, no mere country for them!

[Proud Liberal Dem]

2. D'oh!!!!

He raked President Obama over the coals for his "private sector is doing fine" remark and not only is he essentially saying the same thing here but he's explaining that big businesses are using various means to avoid paying much in taxes. Just gave the Obama campaign a perfect retort to use in the debates (if not in the ads)!

[Arkana]

3. Idiot.

[Proud Liberal Dem]

5. Obama

couldn't have been blessed with a worse opponent IMHO!

[LiberalFighter]

4. He said what??

He is admitting that businesses/individuals avoid paying taxes?

[vinny9698]

6. To the 1% this is normal way of doing business

It is taught at all business schools, how to maximize profits at any cost.. This is the number one goal of any manager.

[MnAttorney]

7. Why doesn't someone just ask Romeny if he took advantage of the 2009 tax amnesty?

All it would take is a single mole in a town hall or a reporter with some balls. It would be pretty hard to wiggle out of answering if the question was specific enough. Anything but a categorical no would be devastating.

My guess is that he gives that creepy little smile he does every time he is called out on one of his lies and says "Well, Ann, Rafalca and I have disclosed everything required by law and are not providing any more tax information."

[TomCADem]

8. My Goodness, It's Pathological! Go Offshore Accounts!

He really can't help himself. Every so often, he blurts out his true world view even though it is politically toxic. I guess when you have the luxury of an army of billionaires and millionaires behind you, you start to get cocky.