Wealth International, Limited

April 2002 Selected News Clips

(Especially noteworthy articles’ headings highlighted in gold.)


EUROPEAN UNION TAX ATTACK

Daniel Mitchell of the Heritage Foundation details EU plans to tax the world.

More on this story here.

UNITED NATIONS WANTS YOUR TAXES

It's not a conspiracy if it's out in the open. The UN makes plain they want a global tax collection agency, a world IRS.

More on this story here.

US Rep. Ron Paul (R-Tex) explains how the UN plans its global tax.

More on this story here.

O.E.C.D. PONDERS TAX ON ALL INTERNATIONAL TRANSACTIONS

PARIS. Those tax-free bureaucrats just wont let the Tobin Tax die.

More on this story here.

Unaccountable OECD bureaucrats squander your tax money.

More on this story here.

THERE'S MORE THAN THE EURO

Far better European currencies can make a profit. Think Britain, Sweden, Norway.

More on this story here.

WHY ULTRA LEFTIST BILLIONAIRES?

Why are the likes of Soros, Gates & Rockefeller associated with ultra leftist causes?

More on this story here.

And here's why US companies go offshore; outrageously high US corporate taxes, double taxation of dividends and income.

More on this story here.

Another US company goes offshore, saves $55 million in taxes.

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BAHAMAS LOSES SOVEREIGNTY

NASSAU. The Nassau Institute explains how radical financial laws in The Bahamas are destroying government control over the nation.

More on this story here.

STAY AWAY FROM U.B.S.

The major Swiss bank has severely restricted the rights of it US clients and now its software presumes all clients are crooks.

More on this story here.

U.S. STOCK BROKERS SERVE AS POLICE SPIES

Interesting Q & A about the new rules mandated by the USA Patriot Act governing US stock brokers and their clients.

More on this story here.

CALL FOR SENSIBLE ANTI-MONEY LAUNDERING LAWS

WASHINGTON. A new report calls for an end to useless financial reporting and emphasis on catching real cash criminals.

More on this story here.

MORE SNOOPING FROM THE I.R.S.

Dan MITCHELL of the Heritage Foundation lays bare the IRS attack on offshore credit cards users and what it really means.

More on this story here.

WHAT IS THE O.E.C.D.?

PARIS. Although it's a leftist view, here's an explanation of what the Organization for Economic Cooperation & Development (OECD) does.

More on this story here.

WHAT HAPPENED TO COSTA RICA?

SAN JOSE. Considered by some as a tax haven, this Central American nation is a deficit welfare state with a new conservative president.

More on this story here, here, and here.

DIRECT OFFSHORE INVESTMENT GOING UP

Foreign direct investment is expected to grow through 2006.

More on this story here.

STRONG DOLLAR CAUSES PROBLEMS

WASHINGTON. The strength of the American dollar is again causing tension in the world economy.

More on this story here.

E.U. NATIONS FAVOR TERRORISTS OVER TAX HAVENS

Non sequitur of the week: Germany, France refuse to help US anti-terror efforts until the US destroys offshore tax havens.

More on this story here and here.

IRELAND MAY BENEFIT FROM TAX HAVEN CURBS

DUBLIN. Low taxes, high standards, transparency may bring tax haven business from traditional offshore financial centers.

More on this story here.

BERMUDA ANSWERS U.S. 'PATRIOTS'

HAMILTON. The island's leading law firm exposes American politicians and their demagogic attacks and wrong headed laws.

More on this story here.

AMERICA'S OWN TAX HAVEN; DELAWARE WORRIED

WILMINGTON. As more US corporations go offshore, the 'company state' is concerned about lost revenue.

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HOW NOT TO REACT TO ENRON

Prof. Pierre Lemieux explains why big government schemes wont stop future Enrons.

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U.S. LAWMAKERS OPPOSE I.R.S. REGS

They say kill proposed regulations to require US financial institutions to report interest income paid to nonresident aliens.

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TAXES IN THE MEDIA

CATO REPORT ON TAX COMPETITION

Read the Summary here or read the full report here.

Profits & Patriotism: ABC-TV joins the leftist attack on havens.

More on this story here.

A gaggle of US Senators out to make headlines, not laws.

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ONCE GREAT BRITAIN LABOURS ON

LEFTIST LAMENT: LONDON. A far left British professor states his case for class envy and socialism including, naturally, destroying all tax havens.

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TRIAL BY JURY ABOLISHED: Claiming fraud cases are too complex for juries to decide, Tony Blair's Labourites abolish the right to trial by jury.

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SWISS FRANC IN DECLINE?

ZURICH. The head of the Swiss National Bank says the Swiss franc role as a currency safe haven henceforth may be more limited.

More on this story here.

O.E.C.D. LATEST BLACKLIST DUE

PARIS. The busy OECD bureaucrats this week plan to issue their latest offshore haven blacklist of those who refuse to surrender their financial privacy; hold outs include Andorra, Liberia, Liechtenstein, Marshall Islands, Monaco, Nauru, Panama, Samoa and Vanuatu.

More on this story here.

CATO ON THE I.R.S. OFFSHORE CREDIT CARD SCARE

Veronique De Rugy of the Cato Institute exposes the IRS scare campaign.

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9/11 AFTERMATH: COMING TO AMERICA?

Here's a detailed account of the Draconian law the US Congress is about to enact in an attempt to control all who want to come to America.

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WHY NOT CHOOSE CHILE?

World traveler DOUG CASEY tells you why you should invest, even live in CHILE.

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DO-IT-YOURSELF KOOKIE KUNTRIES

We don't endorse these strange "countries" but the possibilities are rather interesting to contemplate.

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U.S. TAX TREATIES NEXT TARGET?

An informative NY Times essay tells how US corporations can save millions in taxes by going offshore using bi-lateral tax treaties. It's all legal and no doubt soon will be attacked by US politicians.

More on this story here.

BANDITS WITH BADGES

A commentary on unfair, confiscatory US civil forfeiture laws.

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THE U.S. MED MAL CRISIS

What drives US doctors' assets to offshore safety; predatory medical malpractice lawsuits and huge insurance premiums.

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ANTI-IRS ACTIVIST ARRESTED FOR TAX FRAUD

SANTA ANA, Calif. Anti-tax activist who boasted she never paid US income taxes arrested for allegedly promoting bogus tax shelters.

More on this story here.

BRITISH QUEEN MUM'S ESTATE TAX FREE

Another reason for Brits to love the late Queen Mother Elizabeth; it turns out she arranged her £60 million estate to avoid high UK taxes.

More on this story here.

BERMUDA TELLS U.S. POLITICIANS TO BUZZ OFF

HAMILTON. Responding to efforts to keep US companies from reincorporating here to cut taxes, Bermuda PM Jennifer Smith says no country should tell another what to do about its taxes.

More on this story here and here.

And another US firm plans a Bermuda move to slash taxes.

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RUSSIAN FLAT TAX A SUCCESS

MOSCOW. The new 13% flat income tax rate is a major success.

More on this story here and here.

PRIVATE PROPERTY IS BEDROCK

The right that makes all other liberties possible.

More on this story here.

MORE ARRESTS IN TAX SHELTER SCHEMES

Charges include conspiracy to defraud the IRS and creating sham trusts to hide income. 7 arrested.

More on this story here.

AT LAST: TRUTH ABOUT O.E.C.D. BLACKLISTING

Finally, an accurate news report exposing the meaningless 'commitment' letters signed by offshore havens that got off the blacklist.

More on this story here.

THE BLACKLISTED SEVEN

A profile of the seven nations that refused to surrender sovereignty to the OECD, getting them star billing on its latest phony blacklist.

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OECD Lifts Veil on 31 Tax Havens.

More on this story here.

It's Not Easy Being Liechtenstein.

More on this story here.

INSATIABLE O.E.C.D. THREATENS SWISS, LUXEMBOURG

Both nations have refused to compromise on their financial privacy laws, so now OECD bureaucrats are planning to propose sanctions.

More on this story here.

AMERICAN CHUTZPAH

US Treasury Sec. O'Neill claims meaningless OECD tax info sharing commitments from offshore havens resulted from US policy.

More on this story here.

ANOTHER SIDE OF PANAMA

We recommend Panama as a preferred offshore financial center, but here's a darker side; government corruption, press coercion.

More on this story here.

But Panama's newly clean banks now meet almost all global standards.

More on this story here.

HEDGE FUNDS FACE MONEY LAUNDERING CRACKDOWN

Interesting look at how the US government is using the USA Patriot law to destroy financial privacy using the 'terrorism' excuse.

More on this story here.

THE CASE FOR GLOBAL INVESTING

Finally, a good time to go global. Foreign markets hold bargains, maybe the best in 30 years. And emerging markets are included.

More on this story here.

CALL FOR A WORLD CURRENCY

A Nobel Prize economist says the world needs a common currency.

More on this story here.

INTERPOL TO TRACK PASSPORTS

The global police organization now has a worldwide passport watch list.

More on this story here.

U.S. NATIONAL I.D. PLANS QUESTIONED

A new report says ID plans not thought out, threaten privacy.

More on this story here.

NEW SOFTWARE MAY BLOCK CARNIVORE

The new PC system program will protect against FBI invasions of privacy.

More on this story here.

SWISS BANK SECRECY CAMPAIGN PROPOSED

ZURICH. In response to rumors the Swiss cabinet may weaken bank secrecy to appease the European Union, a campaign for a national vote on a constitutional amendment to protect bank privacy is launched.

More on this story here and here.

HONG KONG FREEDOM SLIPPING AWAY?

As Red China's grip tightens, Hong Kong's status as a free market economy is questioned as SINGAPORE wants to move up.

More on this story here, here, here, and here.

U.S. ANTI-MONEY LAUNDERING RULES SPREAD WIDE NET

WASHINGTON. New Treasury rules based on the USA Patriot Act cover everything from your wallet to your will and all in between.

More on this story here and here.

THE ECONOMIST BIG MAC INDEX

The latest Big Mac index shows the US dollar to be way overvalued.

More on this story here.

AMERICAN DEATH TAX MAY FINALLY DIE

WASHINGTON. Congress may vote full repeal within 90 days.

More on this story here.

U.S. COMPANIES RACE TO GO OFFSHORE

Threatened by possible federal legislation, American companies race to save taxes by re-incorporating offshore.

More on this story here.

WEALTHY LEAVING AMERICA

WASHINGTON. Taxes and other restrictions on wealthy Americans are driving them offshore -- and could wreck the US economy.

More on this story here.

For the official IRS lists of expatriating Americans:

Click here.

SWISS SECRECY CONFUSION

ZURICH. Amid rumors Swiss politicians may sell out the nation's strict banking secrecy, the government denies it. Then a top banking regulator says secrecy may have to yield. Who's in charge?

More on this story here and here.

NEW REPORT UPHOLDS FINANCIAL PRIVACY

WASHINGTON. Task Force on Information Exchange & Financial Privacy recommends balancing financial privacy and national security.

More on this story here.

For the full report in pdf format:

Click here.

Richard Rahn asks, "Do You Need Financial Privacy?"

More on this story here.

I.R.S. MAJOR VIOLATOR OF FINANCIAL PRIVACY

Dan Mitchell calls for reforms to end IRS and US tax code violations of Americans' financial privacy.

More on this story here.

'NATIONAL SECURITY' SNOOPS

US government subpoenas flood telecom industry demanding personal information about Americans and their financial records.

More on this story here.

USA PATRIOT ACT HURTS SMALL BUSINESS

New law imposes costly, unnecessary rules on small businesses.

More on this story here.

AMERICANS BACK CIVIL LIBERTIES

Concerned about terrorists, Americans don't want to surrender their liberty in exchange for security.

More on this story here.

THE WAR AGAINST OUR FREEDOMS

Will the US government succeed where terrorists have failed?

More on this story here.

LIBERTY CHANGES THE WORLD

David Boaz new book 'Toward Liberty: The Idea That is Changing the World' is highly recommended.

More on this story here.

U.S. AIMS AT UNREPORTED OFFSHORE ACCOUNTS

The US Treasury and IRS are stepping up enforcement of the law requiring reporting of all US persons' offshore financial accounts.

More on this story here and here.

LITIGATION OUT OF CONTROL

A major reason to move assets offshore, the explosion of lawsuits in the United States, including massive class action law suits.

More on this story here, here, and here.

O.E.C.D ILLEGAL COERCION OF OFFSHORE HAVENS

The Boston College International & Comparative Law Review says the OECD has no legal basis for its blacklisting of tax havens.

More on this story here.

MITCHELL EXPOSES PROTECTIONISM

WASHINGTON. Dan Mitchell of the Heritage Foundation exposes the fallacies of proposals to curb offshore re-incorporation by US companies seeking to avoid high US taxes.

More on this story here and here.

U.S TREASURY SECRETARY'S DOLLAR RIDDLES

Pressure on the dollar produces muddled Washington statements.

More on this story here and here.
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