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AMERICANS MUST REPORT OFFSHORE ACCOUNTS
IMPORTANT reminder: If you are a US person and had more than US$10,000 in an offshore financial account during 2001, you must file US Treasury Form TD F 90.22-1 before June 30.Download the form here and here.
ADVICE ON I.R.S. OFFSHORE CREDIT CARD INVESTIGATION
Who are the likely suspects and how should they react?More on this story here.
BAHAMAS PLEDGES OFFSHORE REVIVAL, NO NEW TAXES
NASSAU. The PLP says the economy is on the mend and the offshore financial sector will see no new taxes, but get consultation & support.More on this story here.
PLP government offshore financial pledges.More on this story here.
RON PAUL ON OFFSHORE RE-INCORPORATION
Texas US congressman tells it like it is on the issue of US companies going offshore to save US taxes; bad tax policy is the cause.More on this story here.
Shareholders of another US corporation decide to go offshore, and a US court says it's their right to do so.More on this story here and here.
CARIBBEAN TAX TREATY OUTRAGES
Marshall LANGER lays bare the stupidity of the US and other major nations in their high handed dealings with Caribbean tax havens.More on this story here.
GUERNSEY EXPANDS ANTI-MONEY LAUNDERING LAWS
The Channel Island says terrorism is the reason, but that no terror cash has been found there. Then again, you never know, do you?More on this story here.
TONGA KING SUES COURT JESTER-FINANCE ADVISOR
NUKU'ALOFA, Tonga. His Majesty says a second passport scheme allowed a former friend to abscond with $26 million.More on this story here.
WSJ/Heritage Foundation index of economic freedom by nations.More on this story here.
TO HELL WITH NANNY CITIBANK
We don't gamble Online but if you want to, that's your right. It's not illegal in most places. But Citibank says it wont allow credit card holders to pay for offshore Online gambling. Burn your Citibank cards!More on this story here, here, and here.
This 'voluntary' bank Online credit card gambling ban will mean more privacy violations and constant surveillance of card customers.More on this story here.
EUROPEAN MOVES RIGHT TO TAX CUTS
Election victories for EU conservative parties at last may mean less government interference with the free market and lower taxes.More on this story here.
EU wants more power for Europol, their asset forfeiture police.More on this story here.
BUSH ADMINISTRATION BACKS NEW TAX BREAKS
Repeal export subsidies in exchange for cuts in offshore taxes.More on this story here.
OFFSHORE SCAMS CURBED IN U.K., GRENADA
Imperial Consolidated Group goes into court ordered control; GRENADA continues offshore bank cleanup. About time!More on this story here and here.
RUSSIA WANTS OFF BLACKLIST AS SCANDAL SWIRLS
MOSCOW. Removal from the FATF dirty money blacklist is a major goal, just as a new Russian mafia money laundering scandal explodes.More on this story here and here.
JYSKE BANK SAYS BORROW LOW, INVEST HIGH
Thomas Fischer, of Denmark's Jyske Bank, explains a 'currency sandwich' can mean big profits.More on this story here.
PROOF U.S. 'ANTI-TERROR' LAWS BASED ON IGNORANCE
Al Qaeda didn't use offshore bank accounts in tax havens. They use (and used) gold, precious stones and the hawala system.More on this story here.
Example: illicit diamonds evade certification scheme.More on this story here.
NEW YORK TIMES REPORTER SMEARS AGAIN
Biased, unprofessional ‘reporter’ Johnston attacks Republicans for delaying pro-tax, anti-offshore, anti-business proposals.More on this story here.
BULLETIN: U.S. AGREES NOT TO INVADE BERMUDA!
HAMILTON. The US treaty right allowing US military to reoccupy Bermuda in an ‘emergency’ has ended, perhaps just in time.More on this story here.
BLAIR AFFIRMS JERSEY TAX STATUS
The UK PM claims he is not trying to "affect tax rates" in the Crown dependency, only end Jersey's financial privacy.More on this story here.
THE LAST BRITISH COLONIAL REVOLT?
All 850 Ascension islanders object to UK taxation without representation.More on this story here.
SWISS TAKE LEAD IN HEDGE FUNDS
Swiss banks and financial institutions account for US$100bn - $130bn of the world's booming $500bn hedge fund industry.More on this story here.
ANY MORE WORLD MILLIONAIRES
Last year the number of people in the world worth over US$1 million (£700,000) in 'free' assets increased by 200,000 to 7.1 million.More on this story here.
FREE CAPITAL MOVEMENTS ARE GOOD
LONDON. But restrictive currency controls are bad. History proves it.More on this story here.
U.S. 'FREE TRADE' HYPOCRISY
Bush's trade war pitting a protectionist US against the world has 'compromised US leadership with...naked hypocrisy.'More on this story here.
FRANCE FOR SALE
PARIS. A new conservative government may have to 'privatize' in order to balance the budget and keep paying its bills.More on this story here.
G-8 POLITICIANS AIM TO DESTROY SWISS FINANCIAL PRIVACY
Switzerland's bank secrecy is the new G-8 target.More on this story here.
ISLE OF MAN READY TO CAVE ON E.U. TAXES?
An 'acceptable plan' for tax information exchange and taxes is rumored.More on this story here.
GIBRALTAR FATE STILL UNCERTAIN
British Labour tries to assuage fears, but who trusts them? 25% of the Rock's GDP now comes from offshore finance.More on this story here and here.
HONG KONG MOVES LESSEN FREEDOM
Major government reorganization gives Beijing Communists far greater control over this once free Asian tax and asset haven.More on this story here.
RUSSIA WANTS OFFSHORE FUNDS RETURNED
MOSCOW. But FATF blacklisting remains. Lax anti-money laundering laws continue as a major problem and block to foreign investment.More on this story here, here, and here.
THE DEATH OF TAX HAVENS?
An academic review of history of the OECD's 'harmful tax' farce.More on this story here.
U.S. SENATE COMMITTEE DEFIES LAW OF ECONOMICS
Finance group plays politics, tries to curb offshore re-incorporation of American companies seeking to avoid high US taxes.More on this story here and here.
Detailed explanation of the corporate expatriation issue.More here.
MITCHELL ANSWERS GRASSLEY
Heritage Foundation tax expert exposes shallow US Senator.More on this story here.
REPUBLICAN HOUSE LEADER DICK ARMEY
Congressman says don't blame the companies; fix the tax code.More on this story here.
DOMINICA SECOND PASSPORTS STILL AVAILABLE
Veteran offshore writer Roger GALLO explains why the Commonwealth of Dominica is the place to go for quick economic citizenship.More on this story here.
THE WORLD'S RICHEST ARE GETTING RICHER
Total high net worth individuals world wide (with assets of at least $1 million, excluding real estate) rose by 3% to 7.1 million last year with a combined wealth of $26.2 trillion. Swiss are the richest of all.More on this story here.
World Wealth Report 2002.Download full copy here.
O'NEILL SAYS U.S. TAX CODE 'AN ABOMINATION'
US Treasury Secretary says US tax laws are driving corporations and jobs offshore and away from America; reform is needed now.More on this story here.
U.N. GLOBAL TAX PLANS CURBED BY U.S. CONGRESS
A Library of Congress study details UN global tax proposals and curbs adopted by the US Congress to prevent world taxes.More on this story here.
N.Y. TIMES REPORTER CONTINUES ANTI-WEALTH CAMPAIGN
Now he decides which tax shelters legally constitute 'tax evasion.'More on this story here.
THE U.S. AS E.U. TAX COLLECTOR?
Dan MITCHELL asks: Will the US become Europe's tax collector?More on this story here and here.
WIDER DANGER IN E.U. TAX PLANS
Will the US fall for the EU's 'Savings Tax Directive'?More on this story here.
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