Wealth International, Limited

Offshore News Digest for Week of May 20, 2002


O.E.C.D. BUREAUCRATS KEEP ON KEEPING ON

OECD's unelected, self-appointed 'experts' attack international financial trends to justify their pitiful grabs for still more power.

More on this story here.

EMBATTLED SWITZERLAND FIGHTS BACK

Demagogic UK politicians allege Swiss bank secrecy causes terrorism and the Swiss answer this lie forcefully.

More on this story here and here.

GIBRALTAR FIGHTS FOR FREEDOM

Citizens of the the Rock go public with opposition as the leaders of the UK and Spain meet for the sellout.

More on this story here and here.

GUERNSEY WARNED

An island financial veteran says over-regulation may kill this tax haven.

More on this story here.

OFFSHORE MISINFORMATION?

The International Herald Tribune in Paris publishes a fairly ignorant account of what is going on in offshore financial havens.

More on this story here.

PANAMA CREDIT RATING HELD DOWN

Failure to address debt problems keeps credit ratings down.

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U.S. VISA RESTRICTIONS UPSET BUSINESS

New border restrictions hurt business travelers.

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NEW BRIT TAXES DRIVE CORPS OFFSHORE

UK oil companies move to tax havens such as Cyprus to avoid paying onerous new Labour taxes.

More on this story here.

TAX MESS - BLAME THE POLITICIANS

The Heritage Foundation's Dan MITCHELL explains why it's not the IRS, it's the politicians who write the tax laws who are to blame.

More on this story here.

BE CAREFUL ABOUT HEDGE FUNDS

Once solely for the ultra rich, hedge funds now attract the merely well heeled. Warning to newcomers: stick with index funds.

More on this story here.

GUIDE TO OFFSHORE INVESTMENT PRODUCTS

Here's a handy guide that explains them all in brief.

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BUSINESS WEEK GUIDE TO ONLINE INVESTING

A special report takes you through the ins and outs of seeking investment info on the Web.

More on this story here.

WHY THE DOLLAR SINKS

Changing structure of the US economy threatens the US dollar.

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ULTRA RICH LOVE U.S TAXES?

Bill Gates father is nuts when it comes to the US estate tax.

More on this story here.

RICH FOLKS' CREDIT INFO STOLEN

13,000 credit reports are hacked from Ford Motor Co. records.

More on this story here.

IS IT TIME FOR EXPATRIATION?

David Lesperance thinks expatriation, in light of 9/11, may be the right answer.

More on this story here.

U.S. TAX CODE DRIVES BUSINESS OFFSHORE

WASHINGTON. Someone had to tell the truth about the offshore exodus of US corporations; high taxes and the US tax code, says Sec. O'Neill.

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Corporate Expatriation: Protecting American Jobs.

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O.E.C.D. TAX HAVEN UPDATE

PARIS. Here's the official OECD line on where all the tax haven blacklists stand; who's on and who's off.

More on this story here.

BAHAMAS SWEARS IN NEW PARLIAMENT

NASSAU. Today is the day when, hopefully, a much more reasonable government takes power in The Bahamas.

More on this story here.

GIBRALTAR SELLOUT TALKS ON THE ROCKS

UK PM Tony Blair and Spanish PM José María Aznar fail to break the deadlock in talks on the future of Gibraltar, thank heavens!

More on this story here and here.

JERSEY FINANCIAL SECTOR SURRENDERS TO E.U.

Rather than fight London pressures, Jersey financial services providers surrender their clients privacy to EU information exchange demands.

More on this story here.

ISRAEL AS TAX HAVEN?

Panel to propose tax breaks for foreign firms based in Israel.

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HONG KONG MAY DROP U.S. DOLLAR PEG

Hong Kong may abandon its historic US dollar peg in favor of a unified currency with mainland Communist China.

More on this story here.

MARSHALL ISLANDS IMPROVING?

An IMF team gives the OECD blacklisted islands a good report on its anti-money laundering efforts.

More on this story here.

U.K. TAX COLLECTORS RAID FASHION DESIGNER'S HOME

Gibraltar citizen's British home and office raided at dawn.

More on this story here.

OFFSHORE LIVING LINKS

Articles on living, working, investing, traveling and real estate, indexed by country.

More on this story here.

AMERICANS WILL TRADE LIBERTY FOR SECURITY

At least that's what the polls continually say since 9/11.

More on this story here.

BIG BROTHER IS WATCHING YOU!

All over America police surveillance is increasing , using expanded USA Patriot Act intelligence and 'anti-terrorism' powers.

More on this story here.

FALSE I.R.S. DOCUMENTS HIDE I.D. FRAUD

New identity frauds cloaked in phony tax documents.

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KILL THE U.S. DEATH TAX

A web page devoted to complete and final repeal of the US estate tax.

More on this story here.

BAHAMAS WAKES UP TO DEFICIT HANGOVER

NASSAU. The ousted government left a $125 million deficit behind.

More on this story here and here.

BERMUDA STILL VERY MUCH A U.K. COLONY

HAMILTON. Her Majesty's Governor warns of problems, as London is asked to explain pressure for EU tax information exchange.

More on this story here and here.

EUROPEAN UNION HEAD WANTS SUPER STATE

BRUSSELS. But the UK says no to a radical extension of powers.

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Another idiotic EU example; no more Swiss champagne!

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LUXEMBOURG GROWS

Luxembourg grows to be Europe's largest mutual funds center.

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BLOOM IS OFF SOUTH AFRICA

Black empowerment falters along with the economy.

More on this story here.

And RSA courts are told to clamp down on forfeiture powers.

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AMERICA'S VERY OWN TAX HAVEN

PUERTO RICO wants to keep its business tax breaks by all means.

More on this story here.

ANTI-OFFSHORE CORPORATE BATTLE DRAGS ON

Efforts to curb free trade and US corporate moves offshore continue.

More on this story here and here.

EXPAT BRITS DENIED PENSION RIGHTS

500,000 British pensioners abroad lose inflation increases.

More on this story here.

I.R.S. CLAIMS MAJOR TAX EVASION

Failure to file, phony tax schemes, bogus tax shelter promotions.

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GAO says tax evasion costs $52 billion annually.

More on this story here.

For the GAO report text

Click here.

U.S. TAX REFORM IS MAJOR NEED

Not more IRS audits and blame game public relations.

More on this story here and here.

DOLLAR COLLAPSE NEAR?

One economist thinks the US budget deficit will cause it.

More on this story here.

TERROR PUSHES GOLD UP

Gold hits two-year high as terror fears grow.

More on this story here.

GOOD NEWS FOR THE UNJADED

In Guatemala, discovery of a Rhode Island-size jade lode.

More on this story here and here.
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