A collection of newsworthy information as reported from newspapers, magazines, and blogs.

Tuesday, September 11, 2012

Mitt Romney Have You Sought Amnesty From The IRS?

"...the election four years ago wasn't about me. It was about you. My fellow citizens—you were the change."
He's right, we are the change. President Obama won in 2008 because of people like us and he absolutely cannot win again without that kind of support.

Nearly six in 10 likely voters think President Barack Obama will win the upcoming debates against Republican presidential nominee Mitt Romney, according to a CNN/ORC International poll released Tuesday.  Fifty-nine percent of likely voters said they believed Obama will win the debates, while just 34 percent said Romney would prevail. http://www.huffingtonpost.com/2012/09/11/obama-romney-debates_n_1875251.html

"This Video MIGHT Stop Romney from becoming President."
Mitt Romney, have you ever sought or obtained amnesty from the IRS? Switzerland’s biggest bank, agreed in 2009 to disclose data on more than 4,500 American clients suspected of tax evasion to the Internal Revenue Service.  Birkenfeld told authorities how UBS bankers came to the U.S. to woo rich Americans, managed $20 billion of their assets and helped them cheat the IRS. He pleaded guilty to conspiracy in 2008, a year after reporting the bank’s conduct to the Justice Department, U.S. Senate, IRS and Securities and Exchange Commission. Birkenfeld’s disclosures preceded UBS’s decision to pay $780 million to avoid prosecution, admit it fostered tax evasion from 2000 to 2007 and turn over data on 250 Swiss accounts. UBS later agreed to provide information on another 4,450 accounts. Since then, at least 33,000 Americans have voluntarily disclosed offshore accounts to the IRS, generating more than $5 billion.  The UBS case led to an erosion of the use of Swiss bank secrecy by wealthy Americans to cheat the IRS.
 “I delivered and documented this entire scandal, the largest in U.S. history,” Birkenfeld said. “I’m the most famous whistle-blower in the history of the world. It’s a question of doing the right thing, and that’s what I did.”  The bank admitted it helped clients circumvent U.S. securities restrictions by referring them to outside advisers who set up sham companies in tax havens such as the British Virgin Islands, Hong Kong and Panama.  He worked at Barclays Plc before joining UBS in 2001.  The IRS paid Birkenfeld $104 million dollars.

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