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(Especially noteworthy articles’ headings highlighted in gold.)
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.
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.
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.
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.
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.
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.
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.
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.
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.
WHY NOT CONSIDER ANDORRA?
We rarely find Web articles about one of the smallest and best tax havens in the world, ANDORRA. Here's what living there can be like.More on this story here and here.
AUSTRIA OPPOSES E.U. PRESIDENCY PLAN
BRUSSELS. Proposals by Britain, France and Spain to create a powerful new European Union president are an attempt by the big countries to control Europe, says the Austrian foreign minister.More on this story here.
Conditions make gold attractive; possible inflation, terrorist threats. History shows gold has served as the basic money of all peoples.More on this story here.
GOLD AND THE DOLLAR
US Rep. Ron Paul (R-Tex) explains why current world economic and political conditions cause less trust in the dollar's value.More on this story here and here.
U.S. HOUSE PASSES DEATH TAX REPEAL
The House votes to make permanent a repeal of the estate tax.More on this story here.
Grave Robbers: Moral Case against the Death Tax. The Cato Institute.More on this story here.
USA PATRIOT ACT ANTI-MONEY LAUNDERING RULES
A detailed legal explanation of new USA Patriot Act rules that affect almost every US business.More on this story here.
HOW U.S. IS DESTROYING FINANCIAL PRIVACY
WASHINGTON. An inside look at how US banks & financial institutions are cooperating to end all financial privacy; a hot line to FinCEN on a real time basis; using the 'terror excuse' as justification.More on this story here.
U.S. 'SECURITY' MOVES CALLED POLICE STATE
Civil liberties leaders claim Bush leads toward a 'police state.'More on this story here.
ANTI-TERROR RUSH HURTS WORLD ECONOMY
Terrorism and reaction against it slows globalization and the damage to the world economy could be long lasting.More on this story here and here.
HONG KONG ANTI-TERROR BILL THREATENS LIBERTY
The territory chief executive may get unilateral power to brand people as terrorists and freeze their assets.More on this story here.
SWISS VOTE ON SURPLUS GOLD
ZURICH. Campaign over how to use surplus National Bank gold begins.More on this story here.
PRIVATE BANKING TRENDS WORLDWIDE
Private banking trends and practices in Germany, Spain, Japan, Korea.More on this story here.
A fundamental shift in scope of offshore banking in the Caribbean.More on this story here.
An S&P special report on offshore investing; 9500 funds in 25 nations.More on this story here.
INVESTING IN THE GLOBAL MARKETPLACE
Advice on navigating the tricky waters of offshore investing.More on this story here.
Offshore Funds Swamp Local British Investments.More on this story here.
A Wealth of Choice for EuropeansMore on this story here.
High Fees, Taxes Discourage US Offshore Investors.More on this story here.
ISLE OF MAN MAY EMBRACE E.U. DEMANDS
DOUGLAS, I.O.M. Official hints island will go along with information exchange as London demands, but only if everyone else does.More on this story here.
Raising JERSEY taxes raises much vocal opposition.More on this story here.
BELIZE TELLS WASHINGTON 'NO!'
BELMOPAN. Tiny Caribbean tax haven says it wants no part of US anti-Castro radio station run by Radio Marti.More on this story here.
F.A.T.F. BLACKLIST REVISION NEARS
PARIS. The OECD bureaucrats are about to announce a revised blacklist of nations they allege are lax on money laundering.More on this story here and here.
Here's the current FATF blacklist, including 5 nominal tax havens.Click here.
NEWSWEEK WAKES UP TO BANK SPYING
The magazine reports what we told you two years ago: Banks are now spying on all account holders with real time software.More on this story here.
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.
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.
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.
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.
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.
G-8 POLITICIANS AIM TO DESTROY SWISS FINANCIAL PRIVACY
Switzerland's bank secrecy is the new G-8 target.More on this story 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.
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.
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.
WIDER DANGER IN E.U. TAX PLANS
Will the US fall for the EU's 'Savings Tax Directive'?More on this story here.
I.B.C. BONANZA: ISLE OF MAN MAY END CORPORATE TAXES
Radical plans to slash corporation tax from 20% to zero, in a gesture of defiance to Gordon Brown, the UK Chancellor.More on this story here.
HONG KONG'S NEW GOVERNMENT UNVEILED
Tung Chee-hwa, Hong Kong's Beijing-approved chief executive, unveils his power play take over of government; civil service be damned.More on this story here.
OFFSHORE TAX SAVINGS ON INTELLECTUAL PROPERTY
Ship your patents and copyrights to a tax haven entity and save on high US taxes.More on this story here.
And there are big operating savings in 'outsourcing' offshore.More on this story here.
A G-7/G-8 PRIMER
Big Boys of G-7 & 8 meet in Canada Wednesday. Here's a guide.More on this story here.
FOUR NATIONS GET OFF DIRTY CASH LIST
But a 'filthy fifteen' remain on FATF's blacklist.More on this story here.
WHITE COLLAR DESPERADOES
CNN's Lou Dobbs says ex-S&L fraudster Charles Keating is now advisor to an offshore investment firm in BELIZE.More on this story here.
I.R.S. DEMANDS INTERNAL WORKING PAPERS
In what it calls an effort to shut down 'abusive' corporate tax shelters, the IRS will demand private internal papers.More on this story here.
And the IRS revives its taxpayer hated 'random audits'.More on this story here.
Why You Can't Trust The IRS, Cato Institute.More on this story here.
Top Ten Civil Liberties Abuses of the Income Tax, Cato Institute.More on this story here.
U.S. COURT BARS FRAUDULENT TRUST PLANS
Rex E. Black customers list turned over for more investigation.More on this story here.
O.E.C.D. WANT CASHLESS SOCIETY.More on this story here.
U.S. TO CHANGE CASH COLORS.More on this story here.
BILL BONNER SEES MORE BEARS
This is the second phase of a bear market, he says.More on this story here.
CATO REPORT ON GLOBAL ECONOMIC FREEDOM
Hong Kong is still the world's freest economy, Singapore a close second. Cato's annual report on economies of 123 countries.More on this story here and here.
Cato report on 'International Tax Competition.'More on this story here.
ISLE OF MAN ENDS CORPORATE TAXES
DOUGLAS, IoM. Offshore IBCs will thrive under zero tax regime.More on this story here.
LATEST F.A.T.F. BLACKLIST
FATF Thirteenth Annual Report.More on this story here.
WALL STREET THE REAL TARGET?
RON HOLLAND poses the question: Was the Real 9/11 Terror Target Wall Street; What's Next?More on this story here.
AMERICANS TAXED ON WORLDWIDE INCOME
Here's the US Supreme Court case that established the rule; COOK v TAIT, 265 US 47 (1924)Read the case here.
PROPERTY IS A CIVIL RIGHT
Law professor explains why property ownership means liberty.More on this story here.
THE MYSTERY OF CENTRAL BANKING
Murray Rothbard's 'The Mystery of Banking' explains the system.More on this story here.
ALL EYES ARE ON YOU! IS THIS A DAY IN YOUR LIFE?
Every minute of every day THEY are watching what you do.More on this story here.
BANKS SPY ON YOU
Wells Fargo, UBS, Schwab, Citigroup are all government informers.More on this story here.
A PLOT TO CONTROL ENCRYPTION?
Are US software makers conspiring to compromise encryption?More on this story here.
GOVERNMENT MAKES YOU PAY FOR WIRETAPPING
FBI demand for new surveillance forces telecoms to upgrade equipment, forego new customer services and you pay the bill.More on this story here.
FBI CHECKING LIBRARY RECORDS
Agents visit libraries and check reading records of suspects.More on this story here.
EXPERTS SEE MANX I.B.C. BOOM
Zero corporate taxes means more business, could hurt Channel Islands.More on this story here and here.
ST. KITTS-NEVIS ECONOMIC HEALTH SOUND
BASSETERRE. I.M.F. judges this tax haven's economy is good.More on this story here.
FRAUD DRIVES FOREIGN INVESTMENT AWAY FROM U.S.
$5 trillion in foreign capital could flow out as scandal spreads.More on this story here.
U.S. CONGRESS TARGETS TAX HAVENS
WASHINGTON. Lawmakers are urged to go slow on ban against US company reincorporations in offshore tax havens.More on this story here.
DEMOCRATS TARGET CORPORATE OFFSHORE ABUSE
US Democrat politicians will make a major issue of corporate greed, even as they demand business contributions.More on this story here.
FinCEN RULES FOR FOREIGN PERSONS U.S. ACCOUNTS
Proposed FinCEN rules for US banks' due diligence covering all offshore correspondent and private banking accounts for non-U.S. persons.More on this story here.
POOR PLANNING PLUCKS PRINCESS
LONDON. Princess Margaret left £7.7 million in her will but the UK taxman took almost £3 million in inheritance taxes.More on this story here.
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