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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
- ?Lv 69 years agoFavorite 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.
- hotnwellLv 59 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.
- Anonymous9 years ago
Because china has started buying our banks and Obama is shutting down businesses and swiss banks are trustworthy
- Anonymous9 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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- Anonymous9 years ago
Because it pays more interest that US bank accounts and makes it possible for him to invest in international companies.
- joseph bLv 69 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.
- Anonymous9 years ago
He has probably paid more money in taxes last year than you will ever make in your life