Wealth International, Limited

May 2002 Selected News Clips

(Especially noteworthy articles’ headings highlighted in gold.)


U.S. CORPORATE SLAVES?

More from Dan Mitchell on wrong headed legislative attempts to curb the right of US corporations to move offshore to reduce taxes.

More on this story here.

US left-wingers in the Democrat party want to make offshore US business moves a 'rich vs. poor' political issues in the next election.

More on this story here.

WHY SWISS VOTED TO JOIN THE UNITED NATIONS

Mark Nestmann, editor of The Sovereign Individual, explains the real reasons behind the narrow Swiss vote to join the UN.

More on this story here.

PRESUMED GUILTY

New USA Patriot Act anti-money laundering credit card rules presume offshore credit card holders are crooks.

More on this story here.

PAUL BLASTS OFFSHORE BUSINESS SUBSIDIES

US Rep. Ron Paul (R-Tex) exposes a real offshore scandal; US government Ex-Im Bank subsidies for big business.

More on this story here.

LUCKY DOWN UNDER

NEW ZEALAND hailed for a lucky economic situation.

More on this story here.

I.D. THIEVES USE FAKE U.S. TAX FORMS

Fake bank and tax forms are being used to steal IDs.

More on this story here.

MORE PROOF HAVENS NOT USED BY TERRORISTS

WASHINGTON. US intelligence officials admit they failed to find any sort of cash paper trail leading to the 11 Sept. attacks.

More on this story here.

U.S GOVERNMENT LOVES SECRECY

Post 9-11, US government officials use secrecy to its hilt and beyond, as basic liberties are curbed with little protest.

More on this story here.

Because most Americans seem willing to surrender their liberties in fear of terrors yet unknown.

More on this story here.

CANADA ANTI-TERROR BILL ATTACKED

OTTAWA. Government's latest draft of anti-terrorism legislation is tainted by an alarming potential to curb civil liberties.

More on this story here.

U.S. WITHDRAWS FROM WORLD CRIMINAL COURT

WASHINGTON. The Bush administration withdraws the US signatory status from the treaty setting up the International Criminal Court.

More on this story here and here.

U.S. Rep. Ron PAUL's pleased reaction.

More on this story here.

Reasonable Doubt: Case Against the International Criminal Court.

More on this story here.

MARX IN AMERICA?

You may be shocked to learn the role that Karl Marx's utopian vision plays in contemporary American society.

More on this story here.

IS THE 'AmeriSnitch' SPY PROGRAM WATCHING YOU?

Using the usual 'anti-terrorist' excuse, the government fosters a national network of spies looking for 'suspicious people.'

More on this story here.

NEW BAHAMAS FINANCE MINISTER HITS O.E.C.D.

NASSAU. James Smith, finance minister in the new PLP government, accuses the OECD of "economic neo-colonialism" and unfair treatment of offshore tax havens. Elections do make a difference.

More on this story here.

And the Nassau Institute charges the OECD is an illegal renegade.

More on this story here.

BLOODY ANTI-TAX PROTEST

BRANDENBERG, Germany. An alleged descendant of the infamous Count Dracula wants to establish a low-tax 'kingdom' in Germany.

More on this story here.

O'NEILL CALLS FOR RADICAL TAX REFORM

US Treasury Secretary says end corporate taxes, overhaul the tax code.

More on this story here.

HER MAJESTY'S TAX EXEMPTION

LONDON. Queen Elizabeth II will pay no inheritance tax on her late mother's $73 million estate. Sovereignty, you know, old boy!

More on this story here.

U.K. LABOUR WANTS CORPORATE SURVEILLANCE

LONDON. Government powers to put companies under surveillance and imprison corporate directors will infringe basic human rights.

More on this story here.

DISPELLING THE E.U. TAX HARMONY MYTH

Dan Mitchell of the Heritage Foundation counters EU tax bureaucrats who claim the move toward a "single market" requires tax harmonization.

More on this story here.

U.S. TAX CODE MOST COMPLEX IN WORLD

Long overdue for a major revamping, the US tax code is a mess.

More on this story here.

CREDIT CARDS THIEVES ONLINE

Thousands of stolen credit card numbers are for sale on the Internet.

More on this story here.

I.R.S. UPDATES TAX FRAUD PAGES

Expanded web site pages cover recent fraud cases.

More on this story here.

ADVANTAGES OF A LIVING TRUST

Passing on family wealth means careful planning.

More on this story here.

OFFSHORE FINANCIAL SERVICES DEAD END?

A pessimist views outside pressures, anti-money laundering laws, new regulatory controls and sees a dying offshore regime.

More on this story here.

OFFSHORE TRUSTS STILL NEEDED

Here's why offshore asset protection trusts are still a valuable tool in wise family and business estate planning.

More on this story here.

NEW U.S. 'BORDER SECURITY' RULES

Think you're going to visit the US? Check he new rules for visas.

More on this story here.

CATO HEAD ASSESSES POST 9/11 AMERICA

Edward H. Crane, founder and president of the Cato Institute provides a realistic assessment of the new American police state.

More on this story here.

John Fund looks at Cato on its 25th anniversary.

More on this story here.

And Pres. Bush praises Milton Friedman.

More on this story here.

ANTI-TERRORISM WAR A FAILURE

So says columnist Charlie Reese.

More on this story here.

BANKS FOREX TRADING INVESTIGATION

US Justice Dept. is investigating claims of anti-competitive deals in the huge foreign exchange markets.

More on this story here.

WORLD CORRUPTION INDEX

Transparency International publishes latest index of corruption. South African bribes on the rise.

More on this story here, here, and here.

RICH IN RED CHINA

There are now thousands of multimillionaires in China, and the super-rich have reached critical mass.

More on this story here.

THE HAWALA CASH TRANSFER SYSTEM

The Muslim world's fast and reliable cash movement system explained.

More on this story here.

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.

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.

More on this story here.

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.

More on this story here.

ULTRA RICH LOVE U.S TAXES?

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

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.

More on this story here.

Corporate Expatriation: Protecting American Jobs.

More on this story here.

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.

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.

More on this story here.

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.

EUROPEAN UNION HEAD WANTS SUPER STATE

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

More on this story here.

AMERICA'S VERY OWN TAX HAVEN

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

More on this story here.

I.R.S. CLAIMS MAJOR TAX EVASION

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

More on this story here.

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.

BAHAMAS NEW DEAL?

NASSAU. The newly elected Progressive Liberal Party government aims to enact constitutional reforms, energize the offshore financial services sector and cut property taxes.

More on this story here.

The Nassau Institute says many of the anti-offshore laws rammed through by the old government are unconstitutional.

More on this story here.

U.K. PRAISES OBEDIENT LITTLE COLONIALS

LONDON. Having done as they were told to do by Tony Blair's Labour government, UK overseas territories get a pat on their heads.

More on this story here.

JERSEY COURTS THE CITY OF LONDON

The Channel Island chooses not to fight the UK, but to join it and sell itself to the financial powers that be in the City.

More on this story here.

ANOTHER E.U. POWER GRAB

Now Brussels wants to be a super foreign ministry for Europe.

More on this story here.

REPEAL THE U.S.A. PATRIOT ACT

If there ever was any, it's supposed justification is long gone.

More on this story here.

POST 9/11 BIG BROTHER WATCHES YOU.

Police surveillance at all levels has increased enormously.

More on this story here.

FBI CAN SEARCH YOUR COMPUTER IN SECRET

Nat Hentoff explains how the FBI may be in your computer.

More on this story here.

HOUSE APPROVES WARRANTLESS U.S. MAIL SEARCHES

US House overwhelmingly allows US Customs agents to open any mail at the border without a search warrant on mere suspicion it contains 'monetary instruments' (cash or checks).

More on this story here.

IN MYSELF I TRUST

Who can manage your wealth for you? Look in the mirror.

More on this story here.

FORBE'S 2002 INVESTMENT GUIDE

Articles about the how, when, where and why of current investments.

More on this story here.

INVEST IN LATIN AMERICA

Latin America holds both risks and rewards.

More on this story here.

IS THE U.S. ANOTHER ARGENTINA IN WAITING?

All the factors that caused the Argentine crisis are present in the USA.

More on this story here.

EU MEDDLES WITH U.S. TAX POLICY

Dan Mitchell of the Heritage Foundation explains the EU blueprint for higher taxes for everybody, everywhere.

More on this story here.

E.U. WANTS CONTINENTAL TAXATION

Grasping for more power, EU leaders want to tax all Europeans directly.

More on this story here.

HOW U.K. TAX LOOPHOLES WORK

A British accountant examines tax loopholes and how they work.

More on this story here.

UK wealthy use offshore trusts to beat high Brit taxes.

More on this story here.

I.R.S. MANIPULATES WEB SITE VISITORS

The IRS web site is being tweaked so that surfers thought to be trying to avoid taxes will be sent to IRS fraud pages instead.

More on this story here.

NEW U.S. ANTI-MONEY LAUNDERING RULES CAST WIDE NET

Title companies, travel agents, real estate agents all are now expected to be US government money spies.

More on this story here.

And now you can get an official Certificate in anti-money laundering.

More on this story here.

U.S. COUPLE PLEAD GUILTY TO OFFSHORE TAX EVASION

More Caymans Guardian Bank & Trust clients caught in IRS web.

More on this story here.

EL PANAMA AMERICAN SAYS IT ALL

PANAMA CITY. A leading Panamanian newspaper editorially states the case against OECD blacklists and bullying of offshore tax havens.

More on this story here.

VOLUNTARY INCOME TAX ADVOCATE SUED

Irwin Schiff, who writes books claiming US income tax is optional, is sued for millions by a non-taxpayer who followed his advice.

More on this story here.

AMERICA THE UNATTRACTIVE

Why foreign investors no longer find the USA the place to be.

More on this story here.

U.S. WIRETAPS UP LAST YEAR

All 2001 US federal and state wiretaps were up 25% over 2000, 68% on cell phones, 14% on residences. Only 1 in 5 of those arrested as a result of intercepts were convicted (732 of 3,683).

More on this story here.

CARNIVORE SCREW UP CATCHES INNOCENT

The FBI e-mail surveillance system indiscriminately grabs e-mails.

More on this story here.

E.U. LAW TURNS WEB SERVERS INTO SPIES

Civil liberties groups protest massive privacy intrusions.

More on this story here and here.

SOFTWARE THWARTS GOVERNMENT WIRETAPS

Anti-snooping operating system close to launch.

More on this story here.

LIBERTARIANISM LIVES

Political fashions come and go, but political principles endure.

More on this story here.

U.S. SAYS NO TO WORLD CRIMINAL COURT

An ominous threat to Americans, military and civilian.

More on this story here.

THE U.S.A. PATRIOT ACT

Often denounced, here is the full text. Read it and weep.

Full text here.
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