Wealth International, Limited

Offshore News Digest for Week of September 10, 2001


CARIBBEAN HAVENS GET VERY FOREIGN AID

ST. GEORGE'S, Grenada. The Libyans are coming. And they're bearing more than $20 million in economic aid and millions more in potential investment for four island haven nations.

More on this story here and here.

U.S. INVASION OF GRENADA RECALLED

It's been 20 years and as Caribbean havens play games with LIBYA, there's a special meaning for Grenada.

More on this story here.

CAYMANS ECONOMY SLUMPS

GEORGE TOWN, C.I. In what may be a reflection of the Caymans government's relative clamp down on offshore financial freedom, the general economy is slipping badly.

More on this story here.

PANAMA PRESIDENT ILL

PANAMA CITY. Pres. Moscoso, on return from a US medical visit, says she's fine and will serve out her current term.

More on this story here.

MALTA: BEST FOR RESIDENCE & BUSINESS

Standard and Poor's and the International Monetary Fund (IMF) give MALTA's economy high marks.

More on this story here.

Discover why Malta is the Mediterranean's best offshore address; see the new Henley & Partners Malta web site. Learn how you can easily establish low-tax residence.

More on this story here.

GIBRALTAR MAY END CORPORATE TAX

Corporate taxes may be cut to zero to keep corporations from leaving in the face of EU anti-offshore pressures.

More on this story here.

LIVE OFFSHORE -- SWAP HOMES!

Want to move to a tax haven? Try out living in a new offshore country by first swapping homes. Find all about it here.


DOMINICA WANTS OFF BLACKLIST

This Caribbean haven makes changes in order to get off the FATF dirty money list.

More on this story here.

DIRECTORY OF ALL THE WORLD’S EMBASSIES & CONSULATES

More on this story here.

CAPITALISM’S BEST LAW?

Very interesting estimate of why English common law promotes capitalism’s success better than does civil law.

More on this story here.

TOBIN TAX AUTHOR UNHAPPY

Not even the author of a proposed cross border capital tax thinks his idea now is good for globalism.

More on this story here, here, and here.

And the head of the IMF also has serious doubts.

More on this story here.

U.S. MALPRACTICE INSURANCE COSTS ZOOM

Driven by law suits and jury awards, US medical malpractice insurance premiums are the highest rate since the mid-1980's.

More on this story here.

EURO CREATES ILLICIT CASH FLOW

As the euro conversion nears, all over Europe border guards are encountering suitcase loads of cash .

More on this story here.

But even armed robbers do not want the euro, preferring real money to funny money.

More on this story here.

CREDIT SUISSE TARGETS U.S. SUPER RICH

Switzerland's 2nd biggest bank targets the US really super rich, those with liquid financial assets over $30 million.

More on this story here.

LIECHTENSTEIN CATCHES CHRISTIAN UNIVERSITY PROFESSOR

VADUZ. A professor of international taxation at TV evangelist Pat Robertson's law school quits after questions about his possible role in a major money laundering investigation.

More on this story here.

ANOTHER “PRIME BANK” FRAUD

Hundreds defrauded out of $53 million in yet another Internet scam based in Costa Rica.

More on this story here.

TERRORISM HITS BERMUDA INSURANCE

HAMILTON. Heavy losses predicted for major re-insurance companies here as damage estimates pass $20 billion.

More on this story here.

And it could not have come at a worse time for Bermuda's general economy, under siege and already slipping.

More on this story here and here.

SWISS GOVERNMENT IGNORES ANTI-EU VOTES

Swiss voters repeatedly have rejected European Union full member status, but Swiss politicians push contrary ideas.

More on this story here.

DANES CHARGE E.U. DESTROYS LIBERTY

COPENHAGEN. Three Danish experts says politicians are wrongly surrendering sovereignty to the EU.

More on this story here.

LIECHTENSTEIN UNDER PRESSURE

VADUZ. Off the FATF blacklist, the principality is still being pressed to reveal more client information.

More on this story here.

LATEST F.A.T.F. BLACKLIST STATUS

Who's on and who's off the latest FATF anti-dirty money laundering list as of last week's FATF meeting.

More on this story here.

SOVIET REUNION?

Post-Soviet Russia evokes grim and queasy feelings of déjà vu.

More on this story here.

But the new Russian flat tax seems to be a success.

More on this story here.

F.A.T.F. ANGERS GRENADA

ST. GEORGE'S. The government is "angry, shocked, baffled" at FATF's recent money laundering blacklisting.

More on this story here.

PANAMA NOW A LEADING HAVEN

An experienced offshore professional explains why PANAMA is moving to the head of the class as world tax haven.

More on this story here.

BELIZE MOVES UP

A special report on the Central American haven that is attracting lots of cash, companies, retirees and second citizens.

More on this story here.

WAITING FOR THE WALL STREET CRUNCH.

U.S. markets are likely to plummet the minute they reopen. Word to the wise: Don't sell now.

More on this story here and here.

WORLDWIDE, HOPE FOR RECOVERY DIMS.

The crisis could mean negative economic growth in the near term, with world repercussions. For how long, depends.

More on this story here and here.

INSURERS COULD PAY OUT $30 BILLION.

Hint: That is a really big number.

More on this story here.

TIME FOR ACTION FROM CENTRAL BANKERS.

Otherwise, the result could be investor panic, even a global recession. More interest rate cuts are a cinch.

More on this story here and here.

OFFSHORE BANKING REVEALED

A special report on offshore banking; its history, facts, and what it can mean to you.

More on this story here.

PRIVACY ALSO UNDER ATTACK

Opposition to government surveillance technology faces a severe test in wake of terrorist attacks.

More on this story here.

FEDS PUSH CARNIVORE AFTER ATTACK

Just hours after the WTC disaster federal police increase Internet surveillance and ISPs comply with FBI requests.

More on this story here.

DRUG WAR KILLS PRIVACY

US conservatives are having second thoughts as anti-drug police state tactics destroy privacy & freedom.

More on this story here.

OFFSHORE PRIVACY PRIMER

LowTaxNews provides a useful checklist of offshore privacy issues for your review.

More on this story here.
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