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View Diary: Top Romney aide voluntarily brings up Mitt's Swiss bank account (132 comments)

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  •  hmi "Swiss bank accounts" (2+ / 0-)
    Recommended by:
    nextstep, hmi

    seems to be a tag that some feel is a negative in and of itself. It may be true given that even the people here at DKOS seem to think that somehow having a Swiss bank account allows you to escape some US tax liability, which is entirely false.

    "let's talk about that"

    by VClib on Tue May 08, 2012 at 10:20:39 AM PDT

    [ Parent ]

    •  Swiss bank accounts are popular (1+ / 0-)
      Recommended by:
      sethtriggs

      because of the Swiss secrecy laws. People who have something to hide usually avail themselves of the Swiss banking system to do so.

      •  Did I miss something? (1+ / 0-)
        Recommended by:
        VClib

        Are these secret accounts that Romney is struggling is keep hidden?

      •  elmo - there are lots of people with Swiss (1+ / 0-)
        Recommended by:
        nextstep

        accounts and if you are a US tax payer you have to fully disclose them to the IRS. If you don't, you are guilty of a crime. There is nothing unlawful about having a Swiss bank account, and thousands of US citizens do, and to suggest that anyone who has one does so only because of some nefarious purpose is not true. Romney has fully disclosed his Swiss banking activities to the IRS.

        In addition, Swiss secrecy laws ain't what they used to be.

        "let's talk about that"

        by VClib on Tue May 08, 2012 at 12:13:29 PM PDT

        [ Parent ]

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