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BERMUDA TO IMPOSE INCOME TAXES?
HAMILTON. Despite denials from the Finance Minister, the editor of a major Bermuda paper stands by his claim that the government plans to impose an income tax.More on this story here.
PORTUGUESE PASSPORT SCAM
An offer now circulating on the Internet is offering Portuguese passports for US$2,000. Chris KALIN says: "... it's one of those where you send an advance payment and nothing happens afterwards. To learn more about legal ways to acquire alternative residency and citizenship,Click here.
SWISS AMBASSADOR TO LUXEMBOURG FIRED AFTER LAUNDERING ARREST
Peter Friederich admits evading taxes and forging documents but denies laundering charges.More on this story here.
JAPAN MAY RESTORE INSURANCE ON BANK DEPOSITS
TOKYO. Deposit guarantees scheduled for removal in April 2003, but could be restored amid fears of mass bank runs.More on this story here.
FURTHER US STEEL EXCLUSIONS MAY WARD OFF TRADE WAR
Negotiations also continue with WTO on "unfair" US tax breaks for exporters.More on this story here and here.
VICTIMS PURSUE ALLEGED FRAUDSTERS IN NIGERIA
Rare prosecution of notorious advance fee scams.More on this story here.
FOREIGN COMPANIES REVOLT AGAINST NEW US ACCOUNTING RULES
Now some of GERMANY'S biggest companies are opposing U.S. rules that make executives personally responsible for their corporate bookkeeping.More on this story here.
EU DENIES WIRETAPPING PLANS
BRUSSELS. The EU denies a report from human rights group STATEWATCH that in response to US pressure, it plans to make telecommunications companies and Internet service providers store records of private e-mails, faxes and phone calls for two years.More on this story here.
CONTROVERSY MOUNTS IN JAPAN OVER NATIONAL DATABASE
Efforts by government to assign national ID number to every citizen meets unexpected opposition.More on this story here.
SECRET COURT RULES AGAINST ASHCROFT ON EXPANDED WIRETAPS
Top secret "Foreign Intelligence Surveillance Court" cites more than 75 cases where it was misled by the FBI in applications for wiretaps and other electronic surveillance. White House plans appeal.More on this story here.
Court decision.More on this story here.
The first 21st century police state?More on this story here.
BAHAMAS WILL RECONSIDER CORPORATE REFORMS
NASSAU. New government will review reforms demanded by wealthy countries to reign in "harmful tax competition" that have led to economic collapse.More on this story here.
OFFSHORE BANKING HITTING "HARD TIMES?"
GENEVA. Layoffs at Swiss banks.More on this story here.
Deposits in Guernsey fall.More on this story here.
SECRET DEAL ON GIBRALTAR
BRUSSELS. Spain intends to announce an as-yet unreleased agreement to coincide with a referendum on sovereignty in Gibraltar.More on this story here.
Gibraltar Labour party calls for tax cuts for individuals.More on this story here.
BERMUDA INSURANCE BOOM UNSUSTAINABLE
LONDON. New report from A.M. Best doubts Bermuda's staying power due to "a lack of local intellectual resources and office space."More on this story here.
BIG BAILOUTS ARE BACK
WASHINGTON, D.C. The International Monetary Fund recently gave Brazil a US$30 billion loan last week, paid for by taxpayers in IMF member countries, despite the spectacular collapse of Argentina's economy after a huge bailout in 2001.More on this story here.
Enron admits it's really Argentina (satire).More on this story here.
AUSTRALIA MULLS REVISED TAX LAWS
HONG KONG. Elimination of double taxation on dividends, more favorable treatment of expatriates, among measures considered.More on this story here.
PRESSURE INCRASES ON TYRANT MUGABE
LONDON. UK Prime Minister Tony Blair urges South Africa to help curb Robert Mugabe's reign of terror in Zimbabwe.More on this story here.
US TO CHANGE THE TAX TREATMENT OF DIVIDENDS?
WASHINGTON, D.C. Bush proposal to eliminate triple taxation of dividends will go a long way toward rationalizing US Tax Code.More on this story here.
US TELEPHONE RECORDS OPEN TO THE HIGHEST BIDDER
WASHINGTON, D.C. Unless you explicitly "opt-out," your home, office and cellular dialing records can now be sold to anyone.More on this story here and here.
NEW SCANNER SEES THROUGH CLOTHES
RICHLAND, WASH. A recently developed holographic imaging device that could be used for anti-terrorism applications provides the most explicit view yet.More on this story here.
BUSH CAN'T HOLD SECRET DEPORTATION HEARINGS
CINCINNATI, OHIO. Federal appeals court says the administration illegally deported hundreds of suspected terrorists.More on this story here.
Court decision.More on this story here.
COMPUTER EXPERT PENETRATES MICROSOFT SOFTWARE USED FOR INTERNET BANKING AND E-COMMERCE
STOCKHOLM. Customer accounts at Sweden's largest banks, and perhaps in other countries, are at risk.More on this story here.
C.F.P. EXPOSES BUSH OFFSHORE SCHIZOPHRENIA
WASHINGTON. Against the EU savings tax directive; for the IRS reporting of foreigners' US income. Termites at work at Treasury.More on this story here.
BERMUDA VIEW OF U.S. DEBATE
HAMILTON. Tax haven looks at US stand on re-incorporation.More on this story here.
MILLIONAIRE FROM MANY NATIONS
LONDON. Parliament satisfied that Lord Ashcroft is a taxpaying Brit, not a Floridian or a Belizean, even if he lives in all three places.More on this story here.
WORLD CORRUPTION ON THE RISE
Transparency International finds Bangladesh worst, Finland cleanest.More on this story here and here.
Transparency Report here.
SWISS corruption found to be minimal.More on this story here.
GUERNSEY ASSETS DOWN, TAXES DOWN TOO?
ST. PETER PORT. Managed assets falling, but tax cuts may be near.More on this story here and here.
F.B.I. SEEKS GRENADA BANK FRAUDSTERS
TORONTO, Canada. Millions lost in Grenada Bank fraud.More on this story here.
DOMINICA BOWS TO F.A.T.F. RULES
ROSEAU, Dominica. Government shuts down one of last offshore banks.More on this story here and here.
OFFSHORE BANKER FINANCES U.S. SENATOR
New Jersey Senator gets $90,000 from accused Texas-Antigua banker.More on this story here.
DUTCH OFFSHORE TAX EVASION TARGET
THE HAGUE: Over 10,000 Dutch offshore bank accounts traced.More on this story here.
ANOTHER OFFSHORE PRODUCT: FAKE DIPLOMAS
A US person in Romania with a UK mail drop and a bank in Cyprus.More on this story here.
TWO CLOSED BAHAMAS BANKS POSSIBLE TERROR ROLE
Akida Bank and Bank Al Taqwa, based in The Bahamas.More on this story here.
BERMUDAN EXPLAINS U.S. TAX 'LOOPHOLES'
HAMILTON. Expert says public doesn't understand tax laws.More on this story here.
BRITISH BUSINESS SCARED OF NEW U.S. LAWS
LONDON. Directors of US registered companies nervous.More on this story here.
U.K SPECIAL TAX DEALS UNDER SCRUTINY
LONDON. Deal with Harrods' boss, Mohammed Al Fayed questioned.More on this story here.
RED CHINESE EMBRACE NEW CAPITALISTS
BEIJING. Leading entrepreneurs to join CP central committee.More on this story here.
FLORIDIANS STOLE FROM OFFSHORE FUND
Two ex-Florida officials stole $6.5m from now defunct Evergreen Fund.More on this story here.
TIME FOR A WRITTEN BRITISH CONSTITUTION?
LONDON. Now that all the rights are gone, write down what's left.More on this story here.
CANADA'S RULERS WANT NET SURVEILLANCE
OTTAWA: Full-time wiretapping on Internet activity planned.More on this story here.
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