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NEW BAHAMAS GOVERNMENT STARTS OFFSHORE REVIEW
NASSAU. Cabinet minister promises 'red carpet' for financial services, domestic & offshore, repeal of unconstitutional laws.More on this story here.
ST. VINCENT ENDS STRICT FINANCIAL PRIVACY
KINGSTOWN. St. Vincent & the Grenadines repeals one of the strictest financial privacy laws in the world; agrees to tax information exchange.More on this story here.
BERMUDANS GRAB U.K. PASSPORTS
HAMILTON. Over 1,200 people have picked up British passport applications one week after they became full British citizens.More on this story here.
NICARAGUA'S DARK HISTORY RECALLED
MANAGUA. Now touted as the Central American place to invest, Nicaragua's recent history should give investors pause.More on this story here.
LABOUR MINISTER SMEARS GIBRALTAR
Thwarted at a giveaway to Spain, London now hints at money laundering.More on this story here.
BRITISH BUDGET BOMBSHELL
LONDON. Buried in the small print of the 488-page Finance Bill; new powers to restrict offshore tax havens as the OECD demands.More on this story here.
OFFSHORE BANK SCANDAL SHAKES SPAIN
MADRID. $200 million secret stash in Liechtenstein, Jersey trusts.More on this story here.
SWISS, EUROPEAN UNION MOVE CLOSER
But refusal to surrender bank secrecy makes greater EU ties doubtful.More on this story here.
NEW ZEALAND HEALTHY BUT TAXES TOO HIGH
3% GDP growth, but 39% income taxes, 33% corporate taxes.More on this story here.
KOREA BOOMING, OFFSHORE ACCOUNTS TARGETED
SEOUL. It's economic recovery the envy of Asia, the government worries about offshore accounts and tax evasion.More on this story here and here.
H.R.H.'s TAX BREAK JUBILEE
LONDON. Royal family given secret deal over tax breaks.More on this story here.
Late Queen Mum: The art of amassing a fortune that lasts.More on this story here.
The true worth of the Queen; in cash that is.More on this story here.
BRAZIL'S RICH WAY ABOVE IT ALL
SAO PAULO. Flying above their fears, rich avoid urban violence.More on this story here.
DOLLAR DOWN; ECONOMISTS DEBATE IMPACT
Will inflation and interest rates rise?More on this story here.
TWO CONVICTED IN U.S. TAX PROTEST CASE
Phony offshore trusts and other anti-tax gimmicks.More on this story here.
F.B.I. SURVEILLANCE POWERS EXPANDED
Back to the bad old days with Big Brother watching every one.More on this story here.
SHOULD WE UNLEASH THE F.B.I.?
Can an agency that has repeatedly abused its powers be trusted?More on this story here.
Bill Safir definitely does not think so. J. Edgar Mueller?More on this story here.
Is this a new FBI plan to neutralize political dissidents?More on this story here.
E.U. VOTES TO END TELECOM PRIVACY
EU police are given sweeping powers to spy on phone calls, Internet usage and e-mail; 'greatest invasion of privacy' in years.More on this story here.
F.A.T.F. MISSES OWN BLACKLIST DEADLINE
PARIS. The OECD sub-group bureaucrats at the Financial Action Task Force have been loudest in blacklisting offshore tax havens they claim to be lax on fighting money laundering. Now it turns out that leading FATF member nations will not comply with FATF anti-dirty cash rules by the end of June, their own deadline. Will they blacklist themselves? Fat chance!More on this story here.
GIBRALTAR STRIKES BACK
Yesterday we reported on how the UK Foreign Office was smearing the government of GIBRALTAR by floating phony rumors of money laundering on The Rock. Today the UK colony's government answered in very direct terms, claiming it is the victim of UK dirty tricks.More on this story here.
And the people of Gibraltar will conduct their own official referendum on the question of staying with the UK or surrendering to Spain.More on this story here.
ARE THE SWISS MOVING LEFT?
GENEVA. Voters in Geneva have narrowly voted in favor of imposing a 'wealth tax' on those whose personal fortune exceeds SFr 1.5 million (US$960,000). 4,500 multi-millionaires living in canton Geneva will see their taxes rise as a result.More on this story here.
BRITISH CRITICAL OF O.E.C.D.
LONDON. Britain demands a shake up of the Organization for Economic Cooperation and Development, to rid the Paris-based think tank of its cumbersome bureaucratic structures.More on this story here.
USA PATRIOT ACT RULES INCOMPREHENSIBLE
New law has American businesses totally confused about what they are expected to do about compliance. What is the definition of a 'financial institution'?More on this story here.
AMERICAN EXPATRIATE LISTS
Official government listings of former US citizens who surrendered US citizenship after acquiring new citizenship in other nations.More on this story here.
MAJOR INTERNET PROVIDER AIDS GOVERNMENT WIRETAPS
Security and Web address provider VeriSign announces it will help telephone companies and other telecoms wiretap customers.More on this story here.
TAX EVASION CHARGE BASED ON PROSECUTOR'S PREJUDICE?
NEW YORK. The sales tax evasion indictment of a major offshore corporate CEO may be due in part to the NY prosecutor's anger over the company's 1997 move to Bermuda in order to save taxes.More on this story here.
CANADA SAYS NO TERROR FUNDS PROVEN
TORONTO. Echoing what we said (Failure of Proof, 6/4), Canadian officials refuse to extradite a man accused by the US of heading a terror fund network. They say the US has offered no proof.More on this story here.
NO TERROR FUNDS FROM TAX HAVENS
Also echoing what has repeatedly been proven since 9/11, the FBI Director admits NYC-DC terrorists attacks were not funded by using tax havens, that financing came from the United Arab Emirates.More on this story here.
ANOTHER U.S. CORPORATION GOES OFFSHORE
HOUSTON. Nabors Industries Inc., world's largest land based oil and gas drilling contractor, moves to Bermuda to escape taxes.More on this story here and here.
SWISS PRIVATE BANKS IN TROUBLE
ZURICH, Profits are down, mergers seek to stave off problems.More on this story here and here.
BAHAMAS BUDGET PROBLEM CURE
NASSAU. Promote offshore investment as the solution, says Dr. Morris.More on this story here.
MONEY LAUNDER CHARGE ROILS GIBRALTAR
UK Labour's smear of the colony as a money laundering haven gets a strong response from The Rock; Foreign Minister Straw a traitor?More on this story here and here.
MALTA IMPROVES OFFSHORE LAWS
VALETTA. Proposals to make Malta even more offshore financially friendly are pending in parliament.More on this story here.
LUXEMBOURG TO EASE HEDGE FUND LAWS
In an effort to accommodate high end investors and attract business.More on this story here.
Labor unrest in Colon; suspicious deal helps a major Chinese port firm.More on this story here and here.
BUSH POLICY TAX TOUGH ON FOREIGNERS
WASHINGTON. Bush Treasury urges Congress to clamp down on tax breaks for foreign companies operating in the US.More on this story here.
U.K. JUDGE HITS REVENUE TREATMENT OF RICH
LONDON. Condemns UK Inland Revenue for allowing super wealthy foreign domiciled residents to evade taxes.More on this story here.
MALAYSIAN P.M. ANTI-FREE CAPITAL
PM Mahathir Mohamad says free capital flow leads to 'anarchic' markets; calls for national capital controls.More on this story here.
Cato's 'Race to the Top: The Real Story of Globalization'More on this story here.
ASIAN ECONOMY REBUILDS
Five years after a financial typhoon, the Asian tiger still lives.More on this story here.
INSIDE GUILTY TAX ADVISORS CONVICTIONS
SACRAMENTO, California. Millions in secret Caribbean bank accounts washed through a Costa Rican shell entity.More on this story here.
U.S. SAYS RUSSIA IS A FREE MARKET ECONOMY
A decade after the fall of Communism, US makes it 'official.'More on this story here.
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