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NEW YORK TIMES NEXT TAX TARGET: IRELAND
'Reporter' Johnston pronounces offshore tax moves to Bermuda by US corporations 'dead.' His next smear target - very low tax Ireland.More on this story here.
MAJOR U.S. CORPORATION BULLIED INTO OFFSHORE REVERSAL
Stanley Tool Works decides against reincorporating in Bermuda to save taxes, citing political pressure and proposed new tax law restrictions.More on this story here and here.
BUSH, CHENEY UNDER FIRE
Offshore corporate past dredged up to embarrass Bush, Cheney.More on this story here.
MAJOR BRITISH INTERNET SERVER FLEES HIGH U.K. TAXES
Freeserve moves headquarters to low tax Madeira, saves £17.5 million.More on this story here.
BAHAMAS COURT RULING BLOW TO OFFSHORE SECTOR
NASSAU. Upholding 2001 panic legislation, Court rules government information demands override attorney-client confidentiality.More on this story here.
U.K. CONTROLLED CAYMANS COZIES UP TO OECD, FATF
GEORGE TOWN, C.I. The islands were the first to cave into OECD info exchange demands in May 2000. Latest reward: a big deal conference.More on this story here and here.
IRISH TAX COLLECTORS CHASE SOUTH AFRICAN BANK
JOHANNESBURG. Irish tax collectors will pursue scandal ridden offshore banking group Ansbacher for back taxes including its owners, FirstRand.More on this story here.
HONG KONG FEELS THE HEAT
Far East's oldest low-tax haven, burdened with property price drops, poverty, unprecedented budget deficit, exodus of expat professionals.More on this story here.
PHILIPPINE DICTATOR'S MISSING MILLIONS?
Notorious leftist writer claims that on 3/23/86, a day before a freeze on Ferdinand Marcos' accounts, KPMG secretly transferred $400 million from Credit Suisse to a Liechtenstein trust on the ex-dictator's behalf.More on this story here.
SWISS FLAG BECOMES FASHION STATEMENT
ZURICH. Resurgent patriotism seen in red and white T-shirts.More on this story here.
LATIN 'SWITZERLAND' BAILED OUT BY U.S.
URUGUAY gets US$1.5 billion loan to avoid banking collapse.More on this story here.
OFFSHORE INVESTMENT FUNDS HIT BY U.S. JITTERS
But some performers stand out with surprising strength.More on this story here.
S&P Top 500 Offshore Funds.More on this story here.
EUROPEAN UNION HIDES LAX ACCOUNTING MESS
BRUSSELS. The EU tells everyone how to run their financial affairs, but now it is accused of shoddy internal accounting and a cover up.More on this story here.
NAMIBIAN DIAMOND LOAN RUMORED
WINDHOEK, Namibia. Rich US dealer offers government big offshore loan to drop De Beers diamond price comparison plan.More on this story here.
TENNIS STAR MAY AVOID TAX EVASION SENTENCE
Germany claims Boris Becker owes it millions in back taxes; he says he is a resident of tax-free MONACO.More on this story here.
Red tax collectors charge fading Chinese film star with tax evasion.More on this story here.
AMERICAN BARONS OF BANKRUPTCY
FT special report: how top managers of 25 biggest recent US corporate collapses amassed $3.3 billion in cash and perks for themselves.More on this story here.
PATRIOT ACT MAKES YOU A SUSPECT!
Outrageous law forces all financial institutions to treat all of us as suspected criminals; secret police reports of suspicious activity.More on this story here.
BATTLE TO PRESERVE AMERICAN CIVIL LIBERTIES
As Pogo once said, "We have met the enemy and he is us."More on this story here.
FREEDOM vs. SECURITY
Civil liberties concerns grow as Congress considers homeland security.More on this story here.
U.K. OBSERVER SAYS BUSH IS READY TO DECLARE WAR
Pres. Bush will announce within weeks the US will depose Iraq's ruler, Saddam Hussein, by force, meaning a war in the Gulf this winter.More on this story here.
NEW STUDY SHOWS HYPOCRISY OF O.E.C.D.
A new study shows the sanctimonious OECD is more guilty of lack of transparency and tax favoritism than the offshore havens it attacks.More on this story here and here.
U.S. STATE OF MONTANA NOT VERY 'OFFSHORE'
BOZEMAN. They said 'offshore banking' would bring millions to Montana. In 6 years since it became law it's only produced scandal.More on this story here.
MISCELLANEOUS OFFSHORE TAX HAVEN NEWS
American energy industry taps into havens to minimize US taxes.More on this story here.
Effort to Curb Tax Havens Could Be Costly for Consultants.More on this story here.
Channel Island Jersey Firm Faces Probe Over Enron Offshore Deals.More on this story here.
Russia's Pravda explains US use of tax havens to its readers.More on this story here.
Populist ignorance in America's dairy land.More on this story here.
Wall Street Journal editorial: Stanley Worked OverMore on this story here.
CHILE keeps its head as all about lose theirs.More on this story here.
Bolstered by $1.5 billion US aid, URUGUAY calm as banks reopen.More on this story here and here.
Latin Entrepreneurs Use Visa For Executives to Settle in US.More on this story here.
US visitors by 2004 must have microchip IDs in their passports.More on this story here.
Mounties looking for 247 missing Canadian passport.More on this story here.
SWISS UNFREEZE MARCOS MILLIONS
ZURICH. You often read about the Swiss government freezing alleged laundered money. But they just gave back US$17 million of Marcos cash because no proof was offered of illegal activity.More on this story here.
PROTEST AGAINST U.K. DESIGNATION OF IRISH TAX HAVEN
LONDON. UK tax expert condemns Inland Revenue harmful inclusion of IRELAND on the list of countries deemed to be 'tax havens.'More on this story here.
BRITISH LABOUR GIBRALTAR POLICY SLAMMED
UK accused of 'riding roughshod' over the rights of Gibraltarians.More on this story here.
ANOTHER BELIZE PASSPORT SCANDAL?
BELIZE CITY. Local paper charges illegal sales of defunct economic citizenships; official criminal investigation called for by minister.More on this story here and here.
BERMUDA DAMAGED IMAGE AFTER STANLEY BAILS
HAMILTON. Negative consequences for Bermuda's ability to attract international business is predicted after Stanley Tool pulls out.More on this story here.
NICARAGUA EX-PREZ CHARGED WITH OFFSHORE STASH
MANAGUA. Ex-president Alemán charged with looting $95m and hiding cash offshore in Panama and other havens.More on this story here and here.
LAST U.K. GOVERNOR THINKS HONG KONG O.K.
Chris Patten, last British governor of Hong Kong, is satisfied with communist China's five-year-old rule of the former UK colony.More on this story here.
TONGA JESTER COSTS ISLAND KINGDOM $26 MILLION
Offshore investments drained a Tongan royal trust fund of $26 million, almost half the country's annual budget.More on this story here.
U.S. TREASURY COUNSEL BLAMES DUBAI
HAMILTON, Bermuda. Speaking here, US Treasury Dept. counsel David Aufhouser calls Dubai the 'epicenter of terrorist financing'.More on this story here.
AUSTRALIAN GOLD TOWN BOOMING
KALGOORLIE, Australia. Rise in world gold prices revives an outback mining town where modern day prospectors search for the mother lode.More on this story here.
WORLD ENTREPRENEURSHIP RATINGS
Mexico, New Zealand, Australia, Korea, and Brazil are the top five.More on this story here, here, and here.
GOOD REASON TO MOVE YOUR ASSETS OFFSHORE
Pres. Bush criticizes 'junk and frivolous lawsuits' by unscrupulous trial lawyers that are decimating the US health care industry.More on this story here.
BIG BROTHER CREDIT CARD COMPANIES
Why should credit card companies allow a New York politician to tell you what you can or cannot buy with your plastic?More on this story here.
USA PATRIOT ACT IMPEDES INSURANCE INDUSTRY
War against terrorism muddles the insurance industry.More on this story here.
LATIN EXEMPTION CHEERS FLORIDA BANKS
IRS proposal for reporting foreigners' US income doesn't cover South America, and Florida bank lobbyists are crowing.More on this story here.
WHICH GEORGE IS IT? BUSH OR ORWELL?
George Bush...or is it George Orwell? Is '1984' a how-to manual?More on this story here.
NEW U.S. HIGH TECH SPY SYSTEM PLANNED
A US agency plans a 'Total Information Awareness' system, a high-tech eavesdropping program that leaves no data unexamined.More on this story here.
TEAMSTERS UNION BACKS BUSH INFORMANT PLAN
Hoffa & Co. make a deal to join the Bush TIPs neighborhood spy plan.More on this story here.
TIPs CALLS GO TO TV SHOW
WASHINGTON: It borders on the surreal, but the US Dept. of Justice is forwarding incoming Operation TIPS calls to the office of "America's Most Wanted" television series!More on this story here.
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