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LIECHTENSTEIN SIGNS M.L.A.T. WITH UNITED STATES
VADUZ. A new mutual legal assistance treaty covers 'tax fraud', but claims not to include 'foreign tax evasion'. (????)More on this story here.
ISLE OF MAN PROMOTES ITSELF WORLDWIDE
DOUGLAS. Corporate tax cuts, tax free zone, new openness.More on this story here and here.
OFFSHORE CAPITAL STAYS AWAY FROM RUSSIA
MOSCOW. Business elites say they are in no hurry to repatriate billions in offshore capital as demanded by President Putin.More on this story here.
U.S. FOREIGN VISITORS CAN BE SERVED WITH SUMMONS
NEW YORK. US Court of Appeals says a French national served with civil discovery subpoena during NY visit must answer.More on this story here.
CANADA BUCKS THE ANTI-IMMIGRATION TREND
TORONTO. One of the richest nations welcomes skilled immigrants.More on this story here.
But Canada's high taxes keeps foreign investment away.More on this story here.
CAYMAN ISLANDS WAKES UP TO INFO EXCHANGE DANGER
GEORGE TOWN. Having signed a wide open tax information exchange agreement with the US, Cayman Islanders suddenly get cold feet on UK Foreign Office demands they agree to the EU savings tax directive.More on this story here.
GIBRALTAR WEEK IN THE NEWS
This was the 'week that was' for The Rock, with UK and Spanish deal makers failing to agree, although the UK Labour government says eventually it is willing to share joint sovereignty with Spain.More on this story here and here.
Gibraltar residents demonstrated against the UK-Spanish deal.More on this story here.
UK Conservatives says they would annul any such deal.More on this story here.
Under EU/UK pressure Gibraltar will end special tax exemption for offshore corporations, but new zero tax plans apply to all companies.More on this story here and here.
Spain brings back gunboat diplomacy in the Straits of Gibraltar.More on this story here.
Low-Tax Net Gibraltar special news page.More on this story here.
A BAD IMAGE WEEK FOR SWITZERLAND
ZURICH: Swiss journalists worry about its tarnished world image.More on this story here and here.
Swiss ambassador to Luxembourg arrested for money laundering.More on this story here and here.
UBS reprimanded over dirty cash of Nigerian dictator Abacha.More on this story here.
EU claims only Swiss can save its pernicious 'savings tax directive.'More on this story here.
THE VIEW FROM BERMUDA
HAMILTON. The former head of the Bermuda Stock Exchange examines the perverse American trend against offshore US corporate inversions.More on this story here.
CONGRESS LIMITS EXPAT COMPANY CONTRACTS
US House panel cuts contracts for offshore corporations.More on this story here.
HOUSE REPUBLICANS PROPOSE OFFSHORE TAX CHANGES
WASHINGTON: An unlikely revolution in corporate tax laws is offered by the Ways & Means chairman; prospects clouded.More on this story here.
U.S. LABOR UNIONS JOIN ANTI-OFFSHORE ATTACK
Unions demand crack down on companies reincorporating offshore.More on this story here.
WHICH CITY COSTS MORE?
Last week The Economist picked Tokyo as the most expensive city in the world. This week Hong Kong claims the honor.More on this story here and here.
US REP. RON PAUL ANSWERS THE QUESTION 'HAS CAPITALISM FAILED?'More on this story here.
THE HERITAGE FOUNDATION: ACCOUNTING SCANDALSReport here.
AN IRISH VIEW OF THE F.A.T.F. BLACKLIST
DUBLIN: Enmeshed in its own offshore tax evasion scandal with the Ansbacher Caymans Bank, here's an Irish review of other potential offshore places to stash your tax evading cash.More on this story here.
IRISH STEP UP HUNT FOR OFFSHORE TAX EVASION
DUBLIN. Accounts in the Isle of Man, the Channel Islands, Liechtenstein and Cayman Islands are special targets.More on this story here.
Irish tax collectors claim they have found new secret tax havens.More on this story here.
Names of Irish alleged offshore tax evaders.More on this story here.
BAHAMAS 5-YEAR PLAN TO BOOST OFFSHORE FINANCE
NASSAU. Trying to boost a damaged offshore sector.More on this story here.
GIBRALTAR BANK BICKERING
Internal politics makes fewer bank licenses an issue.More on this story here.
MORE PROOF 9/11 TERRORISTS DID NOT USE OFFSHORE BANKS
Airplane hijackers opened 35 domestic US bank accounts, many using fake US Social Security numbers never checked by the banks.More on this story here.
Scotland Yard admits terrorists used British bank accounts.More on this story here.
British banks in belated anti-money laundering frenzy; 40 million accounts to be reviewed for dirty cash, terrorism.More on this story here.
WEALTHY AMERICANS LEAVING U.S.
Data shows record numbers of rich exiting US.More on this story here.
I.R.S. LATEST OUTRAGE
IRS latest outrage shows need to rein in bureaucrats, simplify tax code.More on this story here.
IRS revealing GOP candidate Simon's offshore tax shelter is a hot issue in race for California governor.More on this story here.
IRS RAIDS ALLEGED OFFSHORE TAX FRAUDSTERS.
IRS agents raid Colorado private home of couple accused of advising tax evasion using offshore banks and trusts.More on this story here.
CANADIAN COURT RULES AGAINST I.R.S.
VANCOUVER. British Columbia Supreme Court denies IRS access to files seizes during a raid on offshore author, Jerome Scheider.More on this story here.
EUROPE'S WAR ON THE U.S. ECONOMY
Dan MITCHELL explains how the EU is waging war on the US economy, American business and taxpayers.More on this story here and here.
ONE EURO = $ ONE +
The surging euro passes the falling dollar in perceived value.More on this story here and here.
TENNIS STAR ACCUSED OF OFFSHORE TAX EVASION
German tax officials charge Boris Becker owes 12 million euros.More on this story here and here.
U.S. CIVIL LIBERTIES VICTIM OF ANTI-TERROR REACTION
Government, police use attacks to justify huge power grab.More on this story here.
U.S. WANTS NEIGHBORHOOD SPIES, INFORMANTS
Bush plan wants citizens to spy, rat on each other.More on this story here and here.
FBI TO SPY ON CITIZEN FINANCIAL TRANSACTIONS
Agents will use SS numbers, commercial data bases to review buying habits, preferences, personal traits, income, spending.More on this story here.
COURT ALLOWS SECRET DETENTION
Names of detainees, dates detained and reasons for detention are all kept secret by US INS.More on this story here.
BUSH BACKS DOWN ON WORLD CRIMINAL COURT
United States drops demand for war court immunity.More on this story here.
Shredding the Constitution: Against the World Criminal CourtEditorial here.
REPORT: SAUDI HOT CASH FLOODS LIECHTENSTEIN
Is the House of Saud on its last legs? Large Saudi sums are being transferred through secret Liechtenstein trusts. European banks, wary of cash from 'politically exposed persons', don't want their money.More on this story here.
JERSEY READY TO APPEASE O.E.C.D. & E.U.?
ST. HELIER. Channel Island leader says Jersey must be open to change and compromise with the OECD and the European Union.More on this story here.
Island problem: 3 major offshore banks cutting Jersey jobs.More on this story here.
DEMAND GIBRALTAR VOTE NOW
Deal between UK and Spain is put off, but residents want to vote now.More on this story here.
SWISS ANSWERS FINANCIAL TIMES EDITORIAL
Newspaper rapped for FT criticism of Swiss bank secrecy.More on this story here.
Swiss ambassador admits he lied about suspect cash origins.More on this story here.
U.S. - BELIZE ANTI-CRIME TREATY SENT TO SENATE
Mutual legal assistance treaty signed in 2000 up for approval.More on this story here.
More about the tax haven nation of BELIZE.More on this story here.
LETTER FROM PANAMA
Derek SAMBROOK gives his monthly view from the crossroads of the world.More on this story here.
The Panama News reports on the Marc Harris organization.More on this story here.
EASTERN CARIBBEAN UNION PROGRESSES
Antigua, Dominica, Grenada, Montserrat, St.Kitts & Nevis, St.Lucia and St. Vincent & the Grenadines form an economic union.More on this story here.
OFFSHORE TAX SHELTER IS POLITICAL ISSUE
California governor candidate defends against illegal IRS smear.More on this story here.
25 MILLION AMERICANS MAY HOLD DUAL CITIZENSHIP
US foreign born residents number 31.1 million; most can hold US citizenship and in their home countries as well, if they wish.More on this story here.
WASHINGTON LOBBYING NEEDED FROM YOU
The Center for Freedom and Prosperity issues a Special Alert asking that you contact ASAP your Congressman and Senators to oppose the European Union savings tax directive. EU bureaucrats are pressuring Washington to capitulate within the next week. ACT NOW!
For Background information, click here.
To write your US Representative, click here.To write your US Senator, click here.
BUSH SHOULD REJECT E.U. SAVINGS TAX DIRECTIVE
Dan Mitchell explains why Bush administration must say 'no.'More on this story here.
GLOBAL TAX MISERY INDEX
Forbes magazine gives you nation by nation comparisons.More on this story here.
STRICT U.S. RULES ON NEW BANK ACCOUNTS
Newly proposed US Treasury rules will require all financial institutions to investigate and verify new bank accounts applicants.More on this story here.
US Treasury statement on proposed bank account rules:More on this story here.
HOUSE REPUBLICAN TAX BILL UNDER ATTACK
Anti-offshore provisions suspend Bermuda loophole. EU complains.More on this story here and here.
UPROAR OVER BUSH INFORMANT-SPIES
WASHINGTON: The Terrorism Information & Prevention System, Operation TIPS, mirrors Castro's Cuba or the old Soviet Union.
More on this story here, here, and here.For the official tips website, click here.
BUSH PLANS NATIONAL I.D. USING DRIVERS LICENSES
Pres. Bush said last year he was not considering any sort of national identification card; now he wants one through the back door.More on this story here.
ANTI-HACKER BILL ALLOWS WARRANTLESS WIRETAPS
US House approves life sentences for computer system hackers.More on this story here.
CHECK OUT THIS PRIVACY WEB SITE
The Electronic Privacy Information Center.Click here.
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