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(Especially noteworthy articles’ headings highlighted in gold.)
CARIBBEAN HAVENS STILL F.A.T.F. BLACKLISTED
Nevis, St. Vincent, Dominica not off yet.More on this story here.
U.S. IRS TARGETS PACIFIC TAX CHEATS
False residency for tax dodges questioned.More on this story here.
FOREIGN CORPORATIONS IN U.S. MAY GET BIG TAX BILL
WASHINGTON. $50 billion more in taxes over the next 10 years.More on this story here and here.
House of Representatives committee may re-write corporate tax laws.More on this story here.
'Runaway Corporations: Political Band-Aids vs. Long-Term Solutions.' A Special Cato Institute Report.Download here.
IS A 'CASHLESS SOCIETY' INEVITABLE?
And isn't that just what the controlling high tax globalists want?More on this story here.
U.S. STOCK BROKERS DIRTY CASH RULES
Investment firms forced to become government financial spies.More on this story here.
DOMESTIC SPYING RETURNS TO U.S.
FBI's domestic surveillance powers bring back the bad old days.More on this story here.
FEDS MAY DEMAND ALL E-MAIL DATA
Following the EU and UK big Brother plans, US police may require all your e-mail copies and web surfing records.More on this story here.
WORLD CRIMINAL COURT NOW IN SESSION
But US wisely opts way out of no holds barred tribunal.More on this story here.
Case Against the International Criminal Court, Cato Institute.More on this story here.
SWISS UNDER BANK SECRECY PRESSURE
ZURICH. EU keeps on demanding Swiss stop acting like Swiss.More on this story here.
LIECHTENSTEIN OFF F.A.T.F. WATCH LIST
VADUZ. The principality is seen as cash clean.More on this story here and here.
Mini Research Guide to the Laws of Liechtenstein on the Net.More on this story here.
ISLE OF MAN TAX CUT HELPS ECONOMY
DOUGLAS. Abolition of corporate taxes will boost economy.More on this story here.
U.S. BANKS OBJECT TO NEW MONEY LAUNDERING RULES
WASHINGTON. Major US banks and securities dealers have finally got guts enough to tell the government its proposed new money laundering rules are too diffuse, unfocused and unworkable.More on this story here.
BUSH SHOULD REJECT EUROPEAN HIGH TAX CARTEL
Veronique de Rugy of the Cato Institute explains why.More on this story here.
JULY 4, 2002 - DEPENDENCE DAY?
How would modern Americans respond to the 1776 call for independence?More on this story here.
RON PAUL: MUCH NEEDED 'DR. NO'
WASHINGTON. Rep. Ron Paul doesn't mind if his colleagues in the US House of Representatives call him "Dr. No."More on this story here.
BRITISH I.D. CARS THREATEN CIVIL LIBERTIES
LONDON. Tony Blair's Labourite police state moves ahead with ID cards for all as civil liberties groups protest.More on this story here and here.
CLEANED UP NEVIS HOSTS MONEY LAUNDERING MEET
BASSETERRE. Long time tax haven, fresh off the FATF blacklist plans for a clean money future.More on this story here.
S.E.C. PATRIOT ACT RULES A MAJOR BURDEN
WASHINGTON. Mutual funds, brokers and maybe hedge funds too.More on this story here.
U.S. ANTI-TERROR LAW UNCONSTITUTIONAL
LOS ANGELES. A federal judge says the government cannot label groups as 'terrorist' without an appeal process.More on this story here.
U.K. LABOUR WANTS NATIONAL I.D CARDS
LONDON: For the first time since post-WW II way back in 1952.More on this story here.
Massive abuse of UK privacy feared.More on this story here.
Poll: HALF OF AMERICANS WILLING TO SUSPEND FREEDOMSMore on this story here.
SWISS BANKS GET TOUGHER MONEY LAUNDERING RULES
ZURICH: Know-your-customer laws to be extended to politicians and high risk businesses (!).More on this story here.
Swiss resolve should be as strong as its defense fortifications.Commentary here.
ISLE OF MAN ON SLIPPERY SLOPE?
DOUGLAS. Officials down play impact of OECD exchange of information agreement and suggest possible EU membership.More on this story here.
KINGDOM OF SEALAND IN THE NEWS AGAIN
Internet restrictions cause server boom for HavenCo.More on this story here and here.
DEMOCRAT SAYS STOP OFFSHORE TAX HAVENS
US House Leader Rep. Gephart says abolish them.More on this story here (scroll down).
OFFSHORE BANKS SET FOR MAJOR CHANGES
BASLE, Switzerland. New world banking regulations pending.More on this story here.
U.S. CASH FLEES TO OFFSHORE COMPANY A.D.R.s
NEW YORK. US traded shares of foreign companies way up.More on this story here.
I.R.S. STEPS UP ANTI-TAX SHELTER ATTACK
Client lists demanded by IRS agents chasing 'abusive tax shelters'.More on this story here and here.
DIVERSIFY YOUR FAMILY WEALTH
Forbes shows you how to diversify all your wealth.More on this story here.
THE CASE FOR CASH
Jim Grant writes in praise of cash investments.More on this story here.
BRIT 'KNOW YOUR CUSTOMER' RULES FAIL
LONDON. They cause more problems than they solve.More on this story here.
BRIT POLICE FLOODED WITH FALSE REPORTS
Anti-terror money law swamps police with phony tips.More on this story here.
WIRETAP BACKDOORS COMPROMISE TELEPHONE PRIVACY.
Special report by Sovereign Society editorial director Mark Nestmann.More on this story here.
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.
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.
A BAD IMAGE WEEK FOR SWITZERLAND
ZURICH: Swiss journalists worry about its tarnished world image.More on this story here and 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.
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.
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.
BAHAMAS 5-YEAR PLAN TO BOOST OFFSHORE FINANCE
NASSAU. Trying to boost a damaged offshore sector.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.
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.
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.
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.
SWITZERLAND: WHAT WENT WRONG?
ZURICH: A series of catastrophes has the Swiss asking themselves what's the matter with Switzerland? What went wrong?More on this story here.
New Swiss Internet surveillance law logs all e-mails.More on this story here.
Swiss make formal request for United Nations membership.More on this story here.
COMMUNIST CHINA FAILS HONG KONG
After 5 years of Red rule, the old free enterprise Hong Kong is fading.More on this story here.
AMERICAN P.B.S. TV NETWORK DUMPS ON OFFSHORE
Public Broadcasting System smears offshore re-incorporation; takes on offshore tax shelters in scheduled July 26 show.More on this story here.
I.R.S. BLAMES D.O.J. FOR NAMES RELEASE
WASHINGTON: Internal Revenue Service blames Department of Justice for revealing names of tax shelter clients.More on this story here.
Wall Street Journal: IRS Out of Control.More on this story here.
HARRY BROWNE TELLS IT LIKE IT IS!
Former Libertarian Party presidential candidate warns against the new US police state. A MUST read: Welcome to the War on Terror, Comrade!More on this story here.
U.K. LABOUR CURBS BASIC COMMON LAW RIGHTS
LONDON. Tony Blair's Labourites want to end jury trials for thousands of defendants and abolish the double jeopardy rule.More on this story here.
NATIONAL I.D., NEIGHBORHOOD INFORMANTS PLANS NIXED
WASHINGTON. US House leaders kill Bush plans for national ID cards, network of informants, but DOJ keeps on pushing police state.More on this story here.
BUSH WANTS U.S. MILITARY TO HELP RUN POLICE STATE
Terrorism excuse used to justify using the military for domestic American law enforcement now prohibited by federal law.More on this story here.
ROLES REVERSED: E.U. CONCERNED ABOUT SOVEREIGNTY
EU claims US corporate reforms would jeopardize EU sovereignty and expose foreign companies to double jeopardy taxation.More on this story here and here.
WHERE IS THE U.S. NATIONAL ECONOMY HEADED?
The Economist magazine thinks it knows the answer.More on this story here.
CANADIAN DOCTOR INVESTIGATED FOR OFFSHORE CASH
SASKATOON, Saskatchewan. Can't pay US$172,600 fine but has US $1.1 million in a Cayman Islands bank account.More on this story here.
HUGE EXPANSION OF U.S. FEDERAL CRIMES
WASHINGTON. Little noticed provision makes any 'attempt' to break a federal law a separate punishable criminal act.More on this story here.
SNITCHING FOR THE GOVERNMENT
US Rep. Paul sees no justification for Americans spying on each other.More on this story here.
Alarm bells ring over proposed US terrorism reporting system.More on this story here.
LACK OF PRIVACY FACTOR
Another reasons why wealthy Americans are leaving the US.More on this story here.
POLITICS AND GAMBLING
How the definition of terrorism almost included Internet gambling.More on this story here.
NEW ZEALAND VOTES SATURDAY
Labour Party policies cause major brain drain as skilled workers leave. Private property rights claimed as seriously curtailed.More on this story here and here.
INVESTIGATION OF I.R.S. PRIVACY VIOLATIONS DEMANDED
Landmark Legal Foundation asks DoJ investigation into IRS release of taxpayer names for using legal tax shelters.More on this story here, here, and here.
FIRST BRITISH LAWYER JAILED FOR FAILURE TO REPORT
UK solicitor jailed for not reporting suspicious activity.More on this story here.
BRITISH ADOPT MASSIVE ASSET FORFEITURE LAW
LONDON. Proceeds of Crime Act becomes law, makes money laundering a crime, forcing suspicious activity reports in all transactions.More on this story here.
Ireland's forfeiture law mimics US, UK follows same path.More on this story here.
Bush administration's new '2002 Money Laundering Strategy'More on this story here.
FATF-IMF ALLIANCE AIMED AT MONEY LAUNDERING
The International Monetary Fund may join the fight against money laundering along with the Financial Action Task Force (FATF).More on this story here.
BUSH DOMESTIC MILITARY POLICE PLAN ATTACKED
US military as domestic police causes firestorm of opposition.More on this story here and here.
Cato on Warrior Cops: Ominous Growth of Paramilitarism in AmericaMore on this story here.
Arresting development: "Just book everybody, Danno."More on this story here.
THREATS TO LIBERTY - A NEVERENDING ASSAULT
British police can intercept emails, UK high court rules.More on this story here.
Demands for US government control of the Internet.More on this story here.
In spite of promises, Bush government backs national ID cards.More on this story here.
E.U. TAX DIRECTIVE DEATH HELPS SWISS BANK SECRECY
ZURICH. European Union attempts to force Switzerland to give up banking secrecy may fail as the US government says no to the EU tax plan.More on this story here.
The Center for Freedom & Prosperity gives the inside story on the Bush administration's rejection of the EU savings tax directive.More on this story here and here.
RUSSIA: NEW INVESTMENT FRONTIER?
Oil, banking, farming, the nation's economy is humming. Business Week's International Edition special report.More on this story here.
U.S TAX INSURANCE LOOPHOLE ALLOWS BIG TAX SAVINGS
The NY Times anti-wealth writer reveals what the very rich already know; $1 spent on life insurance can cut $9 in estate, gift taxes.More on this story here.
1 in 1000 Americans earned over $200,000 and paid no taxes.More on this story here.
USA was born in a tax revolt. A history of US taxation.More on this story here.
U.S. POLICIES HELPED TERROR MONEY LAUNDERING
US emphasis on banks money laundering role prompted use of hawala, the terrorists' favorite cash conduit.More on this story here.
LEADING HOUSE REPUBLICAN BLAST EU/IRS TAX PLANS
WASHINGTON. In a highly significant move, the powerful chairman of the US House Ways & Means (Tax) Committee publicly demands the Bush administration state its position against the EU 'savings tax directive' and an IRS-proposed foreigners US income reporting rule.More on this story here.
US Treasury spokesman confirms US opposition to EU directive.More on this story here.
SAUDI ARABIA ON BRINK OF COLLAPSE?
Anti-government protest demonstrations; funds flee to Liechtenstein. Will Al Qaeda take over the government and rule its own nation?More on this story here and here.
HOW BIG 5 OFFSHORE ACCOUNTING FIRMS AVOID REGULATORS
Major offshore accounting firms have devised their own careful corporate structures to avoid showing their files to any government regulators.More on this story here.
U.S. OFFSHORE INTELLECTUAL PROPERTY TAX RULES CHANGED
Offshore tax break curb may be part of anti-offshore political frenzy.More on this story here.
I.R.S. WANTS SCALED DOWN FOREIGN TAX REPORTING
WASHINGTON. Warmed over Clinton plan regs proposed by IRS.More on this story here and More on this story here.
HEDGE FUNDS DISAPPOINT
Despite a bear market, hedge funds struggle to do well.More on this story here.
ANOTHER REASON TO GO OFFSHORE
US court ruling on ERISA greatly expands employers' liability.More on this story here.
MONEY LAUNDERING 101
Ten common violations of anti-money laundering laws.More on this story here.
PATRIOT Act bank surveillance software ready to spy.More on this story here.
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