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BAHAMAS OFFSHORE LAW CHANGES HURT BUSINESS
NASSAU. Facing a 2002 election a big issue will be the government's new laws that hurt offshore banking and business. One major law already was ruled unconstitutional. Now another lawsuit is pending.
Bahamas Election Offers Little Chance of Change.More on this story here.
Lawsuit Challenges New Offshore Laws.More on this story here.
Bahamas Hot Money Flow Dries Up.More on this story here.
Government Plans Even Tighter Offshore Crackdown.More on this story here.
ASHCROFT WINS; TAX BREAKS COST BELIZE
LONDON. The British Lord, the major investor in Belize, wins out over the UK Treasury, but Belize loses millions in British debt relief.More on this story here and here and here.
DOMINICA SCANDAL CONTINUES, REVENUES DIP
ROSEAU. The island's finance minister is demoted as a new anti-money laundering law is put in place. Offshore revenue falls by 80%.More on this story here and here and here.
CANADA CURBS CARIBBEAN PASSPORTS
Canada imposes entry visa on citizens of Grenada and Dominica.More on this story here.
BRITISH VIRGIN ISLANDS CURBS PRO-OFFSHORE LAWS
ROAD TOWN. The BVI government tries to appease London and the OECD, now may curb offshore IBCs and tax breaks.More on this story here.
E.U. PRESIDENT DEFENDS SWISS RIGHT TO BANK SECRECY
Prodi says "The EU does not want to make Switzerland change it's laws."More on this story here.
SWISS PRO & CON ON DIRTY CASH
The US Ambassador praises Swiss anti-money laundering efforts even as the Swiss again are attacked for being too easy on dirty cash.More on this story here and here.
E.U. GIBRALTAR RULING MAY SAVE BACK TAXES
An EU court ruling may thwart retroactive tax claims.More on this story here.
E.U. SUPER RICH LIKE BELGIAN TAX HAVEN
BRUSSELS. Hypocritical government rails against tax havens even as its laws provide foreigners with major tax breaks.More on this story here.
SOUTH AFRICAN HEMORRHAGE
JOHANNESBURG. Free fall of the South African rand speeds offshore cash flow and a major brain drain as well.More on this story here.
COOK ISLANDS TRUST UPHELD AGAINST U.S. GOVERNMENT
RAROTONGA. The CI High Court last month ruled against the US Federal Trade Commission in the infamous Anderson case, upholding the sanctity of a Cook Islands trust against a US District Court order to repatriate funds.More on this story here and here.
PHILIPPINE LAWMAKERS STIFF F.A.T.F.
MANILA. Legislators, having passed a new anti-money laundering law, say 'no' to more FATF blacklist demands.More on this story here.
NEW U.S. 'ANTI-TERROR' LAW TERRORIZES PRIVACY
Private banking is made far less private by President Bush's new law.More on this story here.
U.S. MONEY LAUNDERERS WATCH LIST
Starting 1/24/02 a list of alleged money launderers will be used to stop suspects upon entry into the US.More on this story here.
U$ DOLLAR BEATS €URO
As the euro bows on Jan 1, the dollar still reigns supreme.More on this story here.
DEATHLY CHARITABLE STRINGS ATTACHED
How US persons can control charitable gifts from the grave.More on this story here.
THAT CROOK BEHIND THE PONZI SCHEME
You often hear his name used to describe financial fraud, but what do you really know about Carlo Ponzi?More on this story here.
WORLD & U.S. TAX NEWS:
The Center for Freedom & Prosperity applauds the EU failure to agree on a Europe-wide withholding tax on foreigners' investments.More on this story here and here.
Groups attack IRS rules forcing US banks to report interest payments to foreign citizens.More on this story here.
Stepped up IRS prosecution of income tax cheats planned.More on this story here.
IRS amnesty offered for taxpayers who use illegal tax shelters.More on this story here.
Jan 1 US estate taxes cut to 50% top rate, exclusion up to $1 million.More on this story here and here.
The E.U. demands foreign digital sales companies pay EU taxes.More on this story here.
How the US tax laws soak the rich; the brutal facts.More on this story here.
MICROCHIPS UNDER YOUR SKIN?
In the planning stage: a chip the size of a grain of rice injected into your body that will give detailed information about you.More on this story here.
SECRET EURO TRACKING PLAN
A hush-hush project to embed radio frequency identification and tracking tags in the fibers of all euro bank notes.More on this story here.
CARNIVORE HELD ACCOUNTABLE
US Congress forces annual reports on FBI e-mail spying.More on this story here.
U.S. GOVERNMENT SEES PRIVACY AS CRIMINAL
The case against US government financial & bank spying.More on this story here.
FREEDOM ADVOCATES FEAR POLICE EXPANSION
Increased public trust in post 9/11 government causes worry.More on this story here.
EURO MAY DRIVE INDEPENDENCE FOR U.K. OFFSHORE HAVENS
An unintended consequences for British Labour's love of the euro may be independence of some or all the UK overseas tax havens.More on this story here and here.
TERROR BOOSTS BERMUDA INSURANCE BOOM
Over $7 billion has flowed into Bermuda insurance and reinsurance companies since the Sept. 11 attacks in the U.S.More on this story here.
GIBRALTAR CHIEF KNOCKS U.K.
The Chief Minister rightfully says any UK-Spanish plans must be voted on by residents of the Rock. UK sellout looms.More on this story here.
NIGERIAN EX-DICTATOR'S FAMILY PAYS MILLIONS
Using a Luxembourg bank account, Gen. Abacha's kin pays $148 million to the Nigerian government (out of allegedly billions stolen).More on this story here.
FREEDOM SHIP PLANS 2006 LAUNCH
A floating city for 17,000 residents will cruise the world.More on this story here.
FIRST ISLE OF MAN INTERNET CASINO LAUNCHED
Casino Atlantis goes live online, a new era of regulated Internet gambling. Players from Austria, The Bahamas, China, Germany, Sweden, and the US are banned from playing, as are those under age 18.More on this story here.
HONG KONG STANDS BY U.S. DOLLAR PEG
The head of Hong Kong's central bank says the HK currency peg to the US dollar is not at risk because of the Argentine crisis.More on this story here.
CARIBBEAN STOCK EXCHANGE PROFITABLE
The new Eastern Caribbean Stock Exchange did well.More on this story here.
OFFSHORE BANKING THE TALIBAN WAY
KANDAHAR, Afghanistan. When the Taliban leaders fled in the face of American attacks, they robbed all the banks.More on this story here.
UNITED NATIONS PLANS WORLD INCOME TAXES
As we reported last year, the UN plans a global income tax system to be fleshed out in a Mexico City conference next March.More on this story here.
CURRENCIES IN THE NEWS
The EU's euro and the Argentine peso both make the news.More on this story here.
WILL THE ASIAN ECONOMY RECOVER?
Four experts offer the view that prospects look good.More on this story here.
NEW ZEALAND WEATHERS RECESSION
The island nation does well in spite of problems.More on this story here.
AUSTRALIA ATTACKS TAX SHELTER PROMOTERS
Bogus tax scheme promoters are a major target.More on this story here.
WHICH EURO ACCOUNT IS BEST FOR U.K. RESIDENTS?
Pound sterling banks offer alternatives.More on this story here.
U.K. OFFSHORE HOME OWNERS BEWARE!
House of Lords ruling could tax your offshore home.More on this story here.
NEW TAX U.S. LAWS IMPACT RETIREMENT FUNDS
How new US tax laws can save your retirement cash.More on this story here.
COURT RULING BOOSTS CORPORATE TAX SHELTERS
A US Appeals Court decision upholds corporate tax shelters.More on this story here.
TOP PRIVATE CLIENT BANKS RATED
LONDON. UBS led Morgan Stanley Dean Witter as biggest private bank in 2001 for managing offshore assets of wealthy clients.More on this story here.
HEDGE FUNDS UNDER DIRTY CASH SCRUTINY
Secretive hedge funds are the next money police target.More on this story here.
BIG BROTHER TRACKING DEVICES FOR U.S. DOLLARS?
Last week we reported on euro tracking chips. Now a US Federal Reserve official wants tracking chips in all new dollars issued.More on this story here.
COURT APPROVES KEYBOARD SNIFFING DEVICE
The FBI can now use an electronic surveillance device that secretly gathers every keystroke on a home or office computer.More on this story here.
NEW FORFEITURE DEFENSE MANUAL PUBLISHED
Forfeiture Endangers American Rights (FEAR) announces its new Asset Forfeiture Defense Manual.More on this story here.
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