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U.S. RULES ON OFFSHORE CORRESPONDENT BANKS
The US Treasury issues interim guidance on offshore "shell banks" under the "USA PATRIOT" Act (Pub. Law No 107-56).More on this story here and here.
GIBRALTAR CARRIES ON
In spite of threats from SPAIN and signs LONDON may sell out this UK colony, GIBRALTAR continues as a major offshore wealth haven.More on this story here and here.
LUXEMBOURG DOING WELL
Business prospers here even though future secrecy is in doubt.More on this story here.
LATVIAN TAX CUTS
RIGA. To attract offshore business, business taxes cut to the bone.More on this story here.
GUERNSEY’s unusual history and continued success,More on this story here.
JERSEY’s offshore sector under outside pressure, still grows.More on this story here.
ST. VINCENT BANKER FLEES
KINGSTOWN. The director of two St. Vincent offshore banks wanted on US charges of money laundering disappears.More on this story here and here.
ST. LUCIA OFFSHORE BANK LAUNCHED
Bank Croizer International, this island's first offshore bank.More on this story here.
All about St. Lucia,More on this story here.
BAHAMAS KNOCKS O.E.C.D. PRESSURE
NASSAU. The government denies it will give in to OECD high tax demands and here's why.More on this story here.
Bahamas Stock Exchange desperately searches for business.More on this story here.
The IMF and World Bank offer Caribbean nations anti-money laundering advice and assistance.More on this story here.
SOUTH KOREA PLANS OFFSHORE HAVEN
It claims it will be another Hong Kong, with tax breaks.More on this story here.
AUSTRALIA WANTS MORE PEOPLE
But no more immigration. How does that work?More on this story here and here.
VANCOUVER. Court upholds lawyer-client privilege.More on this story here.
While the nosey government routinely reads Canadians' mail.More on this story here.
SOUTH AFRICAN BIG MAC INDEX
Thanks to the rand's slide, South Africa has the dubious honor of being the only country where a hamburger costs less than US$1.More on this story here and here.
GOLD ON THE WAY UP?
Having called the top of the gold market 22 years ago, a gold bug thinks he has found the bottom.More on this story here.
THE FAMILY THAT INVESTS TOGETHER...
More US families are pooling assets, investments and management.More on this story here.
POST 9-11 ASSET ALLOCATION
After US terror attacks, here's how to allocate your assets.More on this story here.
BLAIR LIKES EURO, U.K. DOES NOT
LONDON. Labour’s PM pushes the euro over sterling, but when?More on this story here.
But the majority of Brits are opposed to surrendering the pound.More on this story here.
U.S. ESTATE TAX CHANGES UPSET SWISS
It may threaten Switzerland’s banking secrecy and could mean trouble for Swiss banks with wealthy clients.More on this story here.
U.S. HITS TAX EVASION
IRS lawyer convicted of tax evasion, tax advisors arrested in tax scams.More on this story here and here.
OFFSHORE PRICING SAVES U.S. BUSINESS TAXES
$45 billion last year saved with offshore affiliates.More on this story here.
ITALY FOREIGN TAX BREAK
ROME. No withholding taxes on foreign investors government bonds.More on this story here.
FRANCE BACKS TOBIN TAX
PARIS. Parliament wants a 1% tax on all foreign exchange transactions.More on this story here.
ANTI-TERROR LAW IMPACTS BUSINESS
Privacy issues for companies, workers, customers.More on this story here.
ECHELON’S ORBITING BIG BROTHER
Earth orbiting listening posts are on active duty in the war on terrorism and they could be watching you too.More on this story here.
F.B.I. SECRETLY HACKS COMPUTERS
FBI software will secretly be installed over the Internet as a trojan horse to record every keystroke on your computer.More on this story here and here.
BAHAMAS HIGH COURT NIXES ASSET FREEZE LAW
NASSAU. In a stunning blow to the government, the Bahamas Supreme Court ruled a new asset forfeiture law unconstitutional. Observers say this calls into question a series of laws that have impaired the islands status as a tax haven. The decision comes as The Bahamas suffers a major recession, much of it due to a crippled offshore sector.More on this story here and here.
ST. VINCENT PLAYS CATCH UP
KINGSTOWN. Embroiled in an offshore banking scandal, this FATF blacklisted nation passes a new anti-money laundering law.More on this story here and here.
NEVIS EASES FINANCIAL SECRECY
CHARLESTOWN, Nevis. The island assembly eases secrecy on bank and IBC beneficial ownership.More on this story here.
PANAMA RAILWAY OPENS
Panama's transcontinental railroad opens for cargo business, putting the Atlantic and Pacific Oceans little more than an hour apart.More on this story here.
SWISS DECRY 'BAD RAP' ON DIRTY CASH
Fact 1: Switzerland enforces some of the world's toughest anti-money laundering laws. Fact 2: It has a bad image as a dirty cash haven.More on this story here and here.
GIBRALTAR JOINT SOVEREIGNTY DEAL
Britain says it wont surrender The Rock to Spain, but it may share.More on this story here and here.
GERMANY, FRANCE WANT E.U. SUPER STATE
French and German leaders want a European super state with EU wide police, military, courts, customs, criminal laws.More on this story here.
POST 9-11 IT'S A NEW WORLD OUT THERE
A new international order may not have emerged after Sept. 11, but the outlines of a new world are emerging.More on this story here.
U.S. BANK SPY SYSTEM QUESTIONED
WASHINGTON. Civil liberties and privacy concerns raised about a possible government-banks data spy system.More on this story here and here.
BANKS SPY ON ACCOUNTS WITH SOFTWARE
Bank account holders are constantly spied upon by bank software.More on this story here.
'TAX HARMONY' DRIVE HURTS U.S.A.
Heritage Foundation's Dan MITCHELL explains why the OECD's 'tax harmonization' drive threatens the US economy.More on this story here and here.
MERRILL LYNCH BAILS OUT OF SOUTH AFRICA
JOHANNESBURG. A major financial firm ends private banking.More on this story here.
COMMUNIST CUBA OFFERS COMPENSATION
HAVANA. Cuba offers to compensate 6,000 U.S. firms and citizens whose property was nationalized, for a price.More on this story here.
Should nations be allowed to file for bankruptcy? IMF says Yes!More on this story here and here.
ANTI-MONEY LAUNDERING FOLLIES
Fighting dirty cash gets headlines but few victories.More on this story here.
U.S. SEXUAL SUPER POWER
The US is the sexual super power of the world. Greeks second.More on this story here.
THIS IS AMERICA?
Harry BROWNE, former US presidential candidate, asks what's happening to America.More on this story here.
U.S. NOW SPYING ON INTERNET USERS
Police already are using new anti-terrorism powers to monitor cable modem users without obtaining a search warrant.More on this story here.
SOFTWARE MAY HELP FEDS SPY
A leading US software maker is accused of helping feds snoop.More on this story here and here.
CANADA RAMS THROUGH POLICE STATE
OTTAWA. Canadian government smothers debate on terror bill.More on this story here.
BRITISH LABOUR WARS ON FREEDOM
LONDON. Tony Blair’s first war casualty is freedom.More on this story here and here.
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