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Jose asked in Politics & GovernmentPolitics · 9 years ago

Why does Mitt Romney have a Swiss bank account?

Why does Mitt Romney have a Swiss bank account that he used to avoid paying taxes to the U.S. government? Why doesn't he want to give back to the country?

Is this the reason why he would give tax cuts to the wealthy corporations, because he doesn't like paying taxes himself?

12 Answers

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  • ?
    Lv 6
    9 years ago
    Favorite Answer

    To hide his money and avoid paying taxes here in America or he has no faith it the American system so he banks overseas.

  • 9 years ago

    Why does Mitt Romney entertain donors on a yaht which flies the flag of the Cayman Islands?

    http://abcnews.go.com/Blotter/romney-party-yacht-f...

    Next thing you know, we'll find out he has dual citizenship with Switzerland.

  • Anonymous
    9 years ago

    Because china has started buying our banks and Obama is shutting down businesses and swiss banks are trustworthy

  • Anonymous
    9 years ago

    Because he does business overseas idiot. You don't earn euros convert them to dollars and then convert them back to Euros to pay suppliers.

    Don't show your stupidity and lack of international business experience. Even my small business has an account in Europe because I export but also bu some supplies from Europe. It is the safe method to offset currency exchange rate fluctuations.

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  • Anonymous
    9 years ago

    Because it pays more interest that US bank accounts and makes it possible for him to invest in international companies.

  • John W
    Lv 7
    9 years ago

    Does the IRS know who Romney is, I think they have checked him well

  • 9 years ago

    and do you refuse to take exemptions when you file every year? Face it, if you were lucky and smart enough to be rich, you'd do the same too.

  • Kini
    Lv 7
    9 years ago

    It is unpatriotic. Yes.

  • Anonymous
    9 years ago

    He has probably paid more money in taxes last year than you will ever make in your life

  • ?
    Lv 7
    9 years ago

    He likes $$$

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