Wednesday, July 11, 2012
New York Times editorial: Mr. Romney’s Financial Black Hole:
Paying taxes forthrightly has long been a matter of civic pride for most American politicians, a demonstration of honesty and of a willingness to share in society’s burdens. Since the Watergate era, presidential candidates have released several years of tax returns, allowing voters to peer at their financial choices and discern their entanglements.
Mitt Romney has upended that tradition this year. He has released only one complete tax return, for 2010, along with an unfinished estimate of his 2011 taxes. What information he did release provides a fuzzy glimpse at a concerted effort to park much of his wealth in overseas tax shelters, suggesting a widespread pattern of tax avoidance unlike that of any previous candidate.
Mr. Romney has resisted all demands for more disclosure, leading to growing criticism from Democrats that he is trying to hide his fortune and his tax schemes from the public. Given the troubling suspicions about his finances, he needs to release many more returns and quickly open his books to full scrutiny.
- The Daily Beast, Mitt Romney’s Flat-Footed Tax Dodge
- Fox News, If Romney Vetted Himself, His Tax Returns Would KO Shot at White House
- International Business Times, Mitt Romney Insists There's Nothing Shady About Tax Returns He Won't Release
- Dan Shaviro (NYU), It's Not Actually About the Swiss Bank Account
- Washington Post, Romney Tax Returns: Candidate Turns Transparency Argument Back on Obama