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SWISS ACCEPT MEMBERSHIP IN UNITED NATIONS
Ron Holland: "Have Swiss Elites Sold Out Sovereignty, the Nation & the Swiss Franc?"More on this story here.
Swiss Government Hails UN VictoryMore on this story here.
International press welcome end to Swiss isolation.More on this story here.
Swiss National Bank Head Says Franc Will Survive for Now.More on this story here.
Switzerland Remains the Choice of the Rich.More on this story here.
U.K. GRANTS OVERSEAS TERRITORIES BRITISH CITIZENSHIP
200,000 OST residents are eligible for British passports.More on this story here.
COOK ISLAND TRUST IN U.S. BANKRUPTCY COURT
Creditors ask US bankruptcy judge to appoint a trustee to oversee the personal bankruptcy with assets in a CI trust.More on this story here.
COMMONWEALTH MONEY LAUNDERING CRACKDOWN
Worldwide member nations aim at dirty cash, terrorism.More on this story here.
E.U. GETS NEW ASSET FREEZE POWERS
New rules allow judges to freeze assets across the European Union.More on this story here.
KOREA TARGETS OFFSHORE CURRENCY EXCHANGE
SEOUL. 1700 Korean firms are suspected of illegal tax haven deals.More on this story here.
O.E.C.D. BLACKLIST POST-FEB. 28 DEADLINE
Dan Mitchell's Strategic Memo on the current OECD 'harmful tax competition, 'Paris has Surrendered, Onward to Brussels.'More on this story here.
OECD blacklist revised after the latest (2/28) deadline passes.More on this story here.
Breathing space for Pacific island tax havens.More on this story here.
Pacific havens refuse to bow to OECD.More on this story here.
Australia Urges Pacific Havens Clemency.More on this story here.
Gibraltar Falls Into Line With OECD.More on this story here.
Isle of Man Approves OECD Statement.More on this story here.
British Virgin Islands Commits to OECD.More on this story here.
SPOTLIGHT ON CAYMAN ISLANDS AS CORPORATE TAX HAVEN
The Enron collapse spurs US politicians to consider how to clamp down on American corporate use of offshore tax breaks.More on this story here.
US Treasury Investigates Offshore Exodus.More on this story here.
IRS May Be Lax on Corporate Tax Shelters.More on this story here.
TAXES & THE UNDERGROUND ECONOMY
PIERRE LEMIEUX extols the virtues of the underground economy.More on this story here.
U.S. ANTI-ALIEN TAX ATTACK
The US estate tax can be rough on Americans. On non-citizen survivors, it's absolutely brutal. Plan ahead to avoid the worst.More on this story here.
How a Turkish family business left Motorola and Nokia holding a $2.7 billion bag.More on this story here.
PRIME BANK NOTE SCAMS SPREAD
Losses are estimated at $1.5 billion annually.More on this story here.
TOP 10 BILLIONAIRES
Here's the latest list of the world's wealthiest people.More on this story here.
U.S. EASES FOREIGN BANK RESERVE RULES
US regulators ease rules for foreign banks operating in the US.More on this story here.
BERMUDA, OTHER CORPORATE TAX HAVENS SMEARED
Post-Enron, US politicians and news media are demogoging the legitimate use of offshore tax havens to reduce US corporate taxes. ABC news took its cheap shots at Bermuda last week.More on this story here.
BERMUDA FIRES BACK
HAMILTON. CNBC also did a series on offshore havens last week, but BERMUDA officials stoutly defended their no-tax nation.More on this story here and here.
THE EX-TEXAN BANKER WHO OWNS ANTIGUA
ST. JOHN'S. Wealthy R. Allen Stanford casts a shadow over Antigua, says the Wall Street Journal.More on this story here.
And the very same Antiguan banker is bank rolling Sen. Tom DASCHLE, wannabe President and US Senate Democrat leader.More on this story here and here.
CARIBBEAN HAVENS KNOCK BARBADOS O.E.C.D. SELLOUT
Other offshore havens charge Barbados hurt them all by caving on the OECD's phony 'tax harmonization' demands.More on this story here.
Be sure to read Dan Mitchell's memo on the current state of the OECD campaign, now that the 2/28 blacklist deadline has expired.More on this story here and here.
PANAMA SEEKS AREA LEADERSHIP
PANAMA CITY. Looking to become the leader of a Central American free trade bloc, Panama signs a free trade pact with EL SALVADOR.More on this story here.
CANADA OFFSHORE INVESTMENT WITCH HUNT
OTTAWA. Based on mere suspicion, government orders brokers to reveal 700 offshore investment account holders and their activity.More on this story here.
VADUZ. Just as the government plays footsie with the OECD tax hounds, it own official slams the nation's bank regulators as incompetent.More on this story here and here.
JERSEY ONLINE BANKS BOOMING
With £250 billion in island financial assets, politicians want to keep the OECD happy, so long as that 'playing field' is 'level.'More on this story here and here.
TAX SHELTER LAWYER CHARGED WITH CRIME
PHILADELPHIA. US tax lawyer and clients indicted for roles in partnership scheme financed by Netherlands offshore bank.More on this story here.
GADFLY REP. RON PAUL BUZZES GREENSPAN
WASHINGTON. Rep. Ron Paul (R-Tex) questions Fed chairman Alan Greenspan as the world watches a clash of the moral and the mighty.More on this story here.
CNBC WARNS ABOUT OFFSHORE INVESTING
A rather biased look at the "murky world" of offshore investing.More on this story here.
SOUTH AFRICAN RAND REVIVAL
JOHANNESBURG. The faltering rand powers to a 3-month high.More on this story here.
WEAK EURO MAKES GERMAN WEAK
A German named Wolfgang claims euro notes are making him impotent.More on this story here.
The voters of The Bahamas find fault with their wayward politicians. Last week PM Ingraham and his FNM party were soundly defeated in a national referendum on some minor constitutional changes. A 67% voter turnout saw 70% say "NO." Calls for the PM to resign met deaf ears, but new elections approach. That will be the real referendum that counts.More on this story here.
A wealthy offshore investor has been the subject of a US SEC investigation, although no crime is involved. He regularly trades offshore using his Isle of Man bank account. One recent day he suddenly found his account blocked. Seems a web searching bank employee saw his name in connection with the SEC investigation. When secretly informed, the Manx government ordered his account frozen without even checking with the US government. Lawyers say it will be a bureaucratic nightmare to set things straight.More on this story here.
U.N. WORLD TAX GRAB
Later this month in Monterey, Mexico politicians meet under United Nations auspices to plan how to impose worldwide income and other taxes on you and me. To understand what's going on at this radical tax collectors' love fest.More on this story here.
Commenting on the narrow Swiss vote to join the UN, a Wall Street Journal op-ed piece noted: “Now that the Swiss will be on the inside, they will be just one (small) country among 190. Before Sunday, they stood apart, and got all the attention (and resentment) that comes with having the courage to resist the herd.” For wistful nostalgia about growing up in the old Switzerland.More on this story here.
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