A company in suburban Atlanta schemed to avoid paying millions of dollars in import taxes on cheap notebooks and loose-leaf paper from China by falsifying records and bribing customs officials in Taiwan, federal prosecutors said in an indictment.
Opinion: With Economics Intertwined With Foreign Affairs Romney Will Win The Final Presidential Debate
Romney’s ideas – if presented fresh and enthusiastically hopeful for America’s future – can be the final bump he needs to win this election.
It is unprecedented for a presidential candidate to have as many conflicts when it comes to foreign business ties as Mitt Romney.
Romney looks to come back from 47% don’t pay taxes remarks and attacks on China trade. But Romney has so many vulnerabilities on China it is hard to understand why he would pick this issue.
Mitt Romney and Bain Capital purchased a factory in China that took on the demand from outsourcing from other US companies. So they profited by increasing profits from companies they owned by shipping jobs overseas and they profited from other companies shipping jobs overseas by doing the work that used to be done in cities and towns across America.
Sheldon Adelson, the largest foreign investor in China, has invested tens of millions of dollars in influencing the 2012 election and has vowed to spend $100 million to put his thumb on the scale for Mitt Romney in November.
What is to stop a foreign country from funneling money through US businesses or political donors into Super PACs to buy US elections?