Wealth International, Limited

Offshore News Digest for Week of December 10, 2001


GOOD HAVEN, BAD HAVEN, LOTS OF CONFUSION!

A JERSEY observer asks: "Are we seeing the first signs of a split of tax havens into two camps; the hard core non-cooperative and the compliant?"

More on this story here.

CATO VIEWS THE BUSH ANTI-MONEY LAUNDERING LAW

Constitutional law expert Roger Pilon tells it like it is.

More on this story here.

SWISS DIRTY CASH RULES EYE TRADING COMPANIES

BERN. The government may extend suspicious activity reporting laws to cover art and jewelry trading companies.

More on this story here.

ITALIAN CAPITAL FLYS HOME FROM SWITZERLAND

ROME. Italyís Central Bank says its tax amnesty is working.

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ITALY HITS E.U. ARREST WARRANT PROPOSAL

Italy opposes a common European arrest warrant which might allow politically motivated prosecutorial witch hunts.

More on this story here and here.

NAURU CLAIMS ITS CLEANED UP ITS ACT

Seeking to avoid FATF sanctions, the Pacific Island amends its laws to put an end to dirty cash, it says. More than you ever wanted to know about this former bird dung exporting paradise.

More on this story here and here.

MAURITIUS, INDIA IN OFFSHORE CASH ROW

MUMBAI, India. The Indian Ocean tax haven is accused of being a base for manipulation of the Indian stock market.

More on this story here.

U.A.E. FINANCIAL LAWS TOUGHENED

Anti-terror cash push causes a crackdown in the United Arab Emirates.

More on this story here.

ISRAEL STAYS ON F.A.T.F. BLACKLIST

The government is not cleaning up enough dirty cash activity.

More on this story here.

CARIBBEAN CONFERENCE CHEERS MITCHELL

MIAMI. Dan Mitchell of the Heritage Foundation is cheered when he tells a Caribbean meeting: "The OECD just wants to turn low tax nations into fiscal colonies to support their uncompetitive welfare states."

More on this story here.

ANTIGUA SIGNS U.S. TAX TREATY

Another nation agrees to share tax information with the US IRS.

More on this story here and here.

RETURN OF THE U.S. EXPATS

American expatriates returning home from abroad face problems.

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SPECIAL REPORT ON THE IMPENDING EURO

Business Week explains the outs of old EU currencies and the ins of the euro. New Years brings the change over.

More on this story here and here.

NO CASH FOR YOU, ARGENTINA

BUENOS AIRES. With massive debt and widespread tax cheating, the government is trying to eliminate cash from the economy.

More on this story here.

GOLD STOCKS SOAR

A gold specialist notes gold stocks soar while gold doesn't.

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WALK FOR CAPITALISM

The Libertarian project is a world success.

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MORE ABOUT BANK SPY SOFTWARE

Newsweek discovers what we've known for years; banks are spies.

More on this story here.

HIGH TAX FINLAND

With corporate taxes at 46%, Nokia, a major Finnish company may relocate to the no-tax Cayman Islands.

More on this story here.

NATIONAL I.D. CARDS MEAN GOVERNMENT CONTROL

An eye-opening survey of the implications of a US national ID card.

More on this story here.

U.K. HOUSE OF LORDS DEFENDS LIBERTY

LONDON. The British House of Lords repeatedly defeats Tony Blair's so-called anti-terror bill, forcing compromises.

More on this story here.

FEARFUL AMERICANS ABANDON FREEDOMS

A new poll says 75% will accept random police checks of their cars; 67%, opening of their mail; 54%, monitoring of their phone calls.

More on this story here.

AMERICAN RIGHTS; EVERYTHING GOES

Nat Hentoff explains the dangers of the John Ashcroft mentality.

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MADISON WARNED U.S.

Fear of foreign perils, James Madison realized, can persuade a once freedom loving people to give up liberties.

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GROWTH OF THE POLICE STATE

Cato Institute scholars document the impact of increased police powers on civil liberties.

More on this story here.

BAHAMAS OFFICIAL MISMANAGEMENT HURTS

NASSAU. The former tax haven islands have fallen on hard times.

More on this story here.

CAYMAN ISLANDS COMMENT

A leading Cayman attorney gives us an inside view on what's wrong with the IRS information exchange treaty, a growing deficit and hikes in offshore banks and trusts fees; it's the government!

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Explanation of the Caymans-US IRS tax information exchange deal.

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DONíT CRY FOR PANAMA

Panama prepares a law that buys back debt and limits borrowing to avoid becoming another Argentina.

More on this story here.

HONG KONG ELECTIONS

Tung Chee-hwa, Communist Beijing's choice for Hong Kong head, says he will run for a second term. HK liberty lovers not happy.

More on this story here.

ONE OF CANADAíS BEST WEB SITES

The site of Prof. Pierre LEMIEUX, libertarian economist and Quebec-based author.

More on this story here.

MONDAQ OFFSHORE NEWS

This UK web site requires free registration, but offers very useful information. Three recent offshore items worth note:

Avoidable Pitfalls When Investing in Switzerland,

More on this story here.

Belize: Why It is an Offshore Haven of Choice,

More on this story here.

The Cook Islands Government Counters OECD Pressures,

More on this story here.

U.K. LORDS QUESTION GIBRALTAR DEAL

The House of Lords is concerned about Labour selling out The Rock.

More on this story here.

WALL STREET TO SPY UNDER MONEY LAUNDERING RULES

NEW YORK. American banks are already forced to spy on clients for the US government. Now it is the stock brokers turn to spy.

More on this story here.

DANISH P.M. FIRES STATE APPOINTED BANK DIRECTORS

COPENHAGEN. A new conservative prime minister abolishes politically appointed 'watchdogs' who sit on all bank boards of directors.

More on this story here.

SOUTH AFRICAN RAND KEEPS SINKING

JOHANNESBURG. The currency crisis in South Africa confounds the experts and threatens the nation's future. It also offers bargains prices to foreign purchasers with US dollars.

More on this story here.

The RSA government has created great expectations but failed to deliver. The net result: guaranteed disappointment and more unrest.

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U.K. & EUROPE CRUSH FREEDOMS

By comparison, the UK and the EU make US Atty Gen John Ashcroft look like a civil libertarian. European liberty is dying.

More on this story here.

F.B.I. WANTS SOFTWARE MAKERS TO ALLOW SPYING

The government now admits its e-mail Trojan virus, "Magic Lantern," aims to turn your computer into an FBI transmitter.

More on this story here and here.

LIBERTY IMAGE ONLINE GALLERY

Use these images in your own freedom-related Web pages, or just enjoy them.

More on this story here.

U.S. STEEL MAKERS TAKE NOTE

Frederick Bastiat's classic expose of tariff/subsidy business hogs.

More on this story here.
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