LETTER: Mitt Romney’s unrevealed finances still revealing

Talk about it

To the Editor:

Ann Romney: “You people. You’re always asking annoying questions and daring to insinuate that there’s something wrong with all those Romney tax havens and offshore accounts. Why don’t you stick to clipping coupons or whatever it is you people do to stay busy.”

From Wikipedia: UBS AG is a global financial services company based in Switzerland. It provides investment banking, asset management, and wealth management services for private, corporate and institutional clients worldwide. It is considered the world’s second largest manager of private wealth assets, with over $2.2 trillion in invested assets.

In July 2008, a U.S. Senate panel accused Swiss banks, including UBS, of helping wealthy Americans evade taxes through offshore accounts, calculating a cost in excess of $100 billion annually.

On Feb. 18, 2009, UBS agreed to pay a fine of $780 million. On Feb. 19, 2009, after settling the criminal case, the U.S. government filed a civil suit against UBS to reveal the names of its American customers involved in the fraud. Starting to ring a bell? The IRS gave them a choice: Amnesty-pay restitution for unpaid taxes, interest and penalties, or end up in court and the public eye. I’m not a tax accountant, but wouldn’t evidence of those penalties show up on one’s 2009 tax return?

This is more than a case of “not paying one’s fair share.” Conspiracy theory? Only Mitt and the IRS know. Mitt ain’t talking, and the IRS can’t.

Ann Romney: “There are so many things that will be open again for more attack” if Mitt acquiesces to “We the People.” Remember Peter Falk as TV’s “Columbo”? He always had “One more question ... ”

Referring to Mitt Romney’s offer to release only his 2010 and 2011 (“When it’s finished”) tax returns, his wife says, “We’ve given all you people need.”

Let us eat cake.

Tags: mitt romney, election 2012, opinion, updates, letters, taxes