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Keyword: offshoreaccount

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  • Reid’s Glass House (Even Democratic Senators have offshore accounts

    08/24/2012 6:30:17 AM PDT · by SeekAndFind · 3 replies
    National Review ^ | 08/24/2012 | Betsy Woodruff
    Good news for Senator Harry Reid: If he’s a little bored while waiting for Mitt Romney to release his tax returns, there are plenty of other elected officials — in his own party, to boot! — who merit the same eyebrow-raising he’s directed at the presumptive GOP presidential nominee. The Senate majority leader has expressed consternation about the fact that Romney has some money in offshore accounts, which probably reduces his tax burden. According to the Huffington Post, Reid quipped, “Most Americans don’t have the benefit of Swiss bank accounts or tax shelters in the Cayman Islands and Bermuda.” And...
  • My Big Fat Belizean, Singaporean Bank Account

    07/25/2012 5:01:50 AM PDT · by SeekAndFind · 6 replies
    New York Times ^ | 07/25/2012 | Adam Davidson
    Earlier this month, I decided to see how hard it would be to set up my own offshore bank account. I figured it would be pretty difficult, because I’m not rich and don’t have a team of tax lawyers to oversee my money and because the E.U. and U.S. governments have been cracking down on tax havens by imposing stricter tax-sharing requirements. So I proceeded with some caution. First, I Googled “company registration tax haven” and randomly picked three firms that set up accounts in offshore jurisdictions. Then I called each and explained that I was hoping to minimize my...
  • Romney failed to disclose Swiss bank account on financial forms (How many offshores does he have?)

    01/26/2012 4:39:11 PM PST · by SeekAndFind · 11 replies
    Hotair ^ | 01/26/2012 | AllahPundit
    You know who this doesn’t benefit? “An amendment is being filed to address this minor discrepancy,” a campaign official told ABC News in an email Thursday in response to questions about the apparent omission.The discovery that the Romneys had $3 million in an account with the Swiss bank UBS came only after the Republican presidential candidate released his tax returns for 2010 on Tuesday. The campaign had maintained that it was not necessary to disclose the Swiss account because Romney’s money manager, Brad Malt, had shuttered it in early 2010.Several Republican election lawyers told ABC News Thursday that the account...