July 2002 Selected News Clips

(Especially noteworthy articles’ headings highlighted in gold.)

CARIBBEAN HAVENS STILL F.A.T.F. BLACKLISTED

Nevis, St. Vincent, Dominica not off yet.

U.S. IRS TARGETS PACIFIC TAX CHEATS

False residency for tax dodges questioned.

FOREIGN CORPORATIONS IN U.S. MAY GET BIG TAX BILL

WASHINGTON. $50 billion more in taxes over the next 10 years.

House of Representatives committee may re-write corporate tax laws.

'Runaway Corporations: Political Band-Aids vs. Long-Term Solutions.' A Special Cato Institute Report.

IS A 'CASHLESS SOCIETY' INEVITABLE?

And isn't that just what the controlling high tax globalists want?

U.S. STOCK BROKERS DIRTY CASH RULES

Investment firms forced to become government financial spies.

DOMESTIC SPYING RETURNS TO U.S.

FBI's domestic surveillance powers bring back the bad old days.

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.

WORLD CRIMINAL COURT NOW IN SESSION

But US wisely opts way out of no holds barred tribunal.

Case Against the International Criminal Court, Cato Institute.

SWISS UNDER BANK SECRECY PRESSURE

ZURICH. EU keeps on demanding Swiss stop acting like Swiss.

LIECHTENSTEIN OFF F.A.T.F. WATCH LIST

VADUZ. The principality is seen as cash clean.

Mini Research Guide to the Laws of Liechtenstein on the Net.

ISLE OF MAN TAX CUT HELPS ECONOMY

DOUGLAS. Abolition of corporate taxes will boost economy.

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.

BUSH SHOULD REJECT EUROPEAN HIGH TAX CARTEL

Veronique de Rugy of the Cato Institute explains why.

JULY 4, 2002 - DEPENDENCE DAY?

How would modern Americans respond to the 1776 call for independence?

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."

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.

CLEANED UP NEVIS HOSTS MONEY LAUNDERING MEET

BASSETERRE. Long time tax haven, fresh off the FATF blacklist plans for a clean money future.

S.E.C. PATRIOT ACT RULES A MAJOR BURDEN

WASHINGTON. Mutual funds, brokers and maybe hedge funds too.

U.S. ANTI-TERROR LAW UNCONSTITUTIONAL

LOS ANGELES. A federal judge says the government cannot label groups as 'terrorist' without an appeal process.

U.K. LABOUR WANTS NATIONAL I.D CARDS

LONDON: For the first time since post-WW II way back in 1952.

Massive abuse of UK privacy feared.

Poll: HALF OF AMERICANS WILLING TO SUSPEND FREEDOMS

SWISS BANKS GET TOUGHER MONEY LAUNDERING RULES

ZURICH: Know-your-customer laws to be extended to politicians and high risk businesses (!).

Swiss resolve should be as strong as its defense fortifications.

ISLE OF MAN ON SLIPPERY SLOPE?

DOUGLAS. Officials down play impact of OECD exchange of information agreement and suggest possible EU membership.

KINGDOM OF SEALAND IN THE NEWS AGAIN

Internet restrictions cause server boom for HavenCo.

DEMOCRAT SAYS STOP OFFSHORE TAX HAVENS

US House Leader Rep. Gephart says abolish them.

OFFSHORE BANKS SET FOR MAJOR CHANGES

BASLE, Switzerland. New world banking regulations pending.

U.S. CASH FLEES TO OFFSHORE COMPANY A.D.R.s

NEW YORK. US traded shares of foreign companies way up.

I.R.S. STEPS UP ANTI-TAX SHELTER ATTACK

Client lists demanded by IRS agents chasing 'abusive tax shelters'.

DIVERSIFY YOUR FAMILY WEALTH

Forbes shows you how to diversify all your wealth.

THE CASE FOR CASH

Jim Grant writes in praise of cash investments.

BRIT 'KNOW YOUR CUSTOMER' RULES FAIL

LONDON. They cause more problems than they solve.

BRIT POLICE FLOODED WITH FALSE REPORTS

Anti-terror money law swamps police with phony tips.

WIRETAP BACKDOORS COMPROMISE TELEPHONE PRIVACY.

Special report by Sovereign Society editorial director Mark Nestmann.

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'. (????)

CANADA BUCKS THE ANTI-IMMIGRATION TREND

TORONTO. One of the richest nations welcomes skilled immigrants.

But Canada's high taxes keeps foreign investment away.

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.

A BAD IMAGE WEEK FOR SWITZERLAND

ZURICH: Swiss journalists worry about its tarnished world image.

EU claims only Swiss can save its pernicious 'savings tax directive.'

THE VIEW FROM BERMUDA

HAMILTON. The former head of the Bermuda Stock Exchange examines the perverse American trend against offshore US corporate inversions.

HOUSE REPUBLICANS PROPOSE OFFSHORE TAX CHANGES

WASHINGTON: An unlikely revolution in corporate tax laws is offered by the Ways & Means chairman; prospects clouded.

US REP. RON PAUL ANSWERS THE QUESTION 'HAS CAPITALISM FAILED?'

THE HERITAGE FOUNDATION: ACCOUNTING SCANDALS

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.

BAHAMAS 5-YEAR PLAN TO BOOST OFFSHORE FINANCE

NASSAU. Trying to boost a damaged offshore sector.

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.

Scotland Yard admits terrorists used British bank accounts.

British banks in belated anti-money laundering frenzy; 40 million accounts to be reviewed for dirty cash, terrorism.

WEALTHY AMERICANS LEAVING U.S.

Data shows record numbers of rich exiting US.

I.R.S. LATEST OUTRAGE

IRS latest outrage shows need to rein in bureaucrats, simplify tax code.

IRS revealing GOP candidate Simon's offshore tax shelter is a hot issue in race for California governor.

IRS RAIDS ALLEGED OFFSHORE TAX FRAUDSTERS.

IRS agents raid Colorado private home of couple accused of advising tax evasion using offshore banks and trusts.

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.

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.

U.S. CIVIL LIBERTIES VICTIM OF ANTI-TERROR REACTION

Government, police use attacks to justify huge power grab.

U.S. WANTS NEIGHBORHOOD SPIES, INFORMANTS

Bush plan wants citizens to spy, rat on each other.

FBI TO SPY ON CITIZEN FINANCIAL TRANSACTIONS

Agents will use SS numbers, commercial data bases to review buying habits, preferences, personal traits, income, spending.

COURT ALLOWS SECRET DETENTION

Names of detainees, dates detained and reasons for detention are all kept secret by US INS.

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.

U.S. - BELIZE ANTI-CRIME TREATY SENT TO SENATE

Mutual legal assistance treaty signed in 2000 up for approval.

More about the tax haven nation of BELIZE.

LETTER FROM PANAMA

Derek SAMBROOK gives his monthly view from the crossroads of the world.

The Panama News reports on the Marc Harris organization.

EASTERN CARIBBEAN UNION PROGRESSES

Antigua, Dominica, Grenada, Montserrat, St.Kitts & Nevis, St.Lucia and St. Vincent & the Grenadines form an economic union.

OFFSHORE TAX SHELTER IS POLITICAL ISSUE

California governor candidate defends against illegal IRS smear.

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.

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.

BUSH SHOULD REJECT E.U. SAVINGS TAX DIRECTIVE

Dan Mitchell explains why Bush administration must say 'no.'

GLOBAL TAX MISERY INDEX

Forbes magazine gives you nation by nation comparisons.

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.

US Treasury statement on proposed bank account rules:

HOUSE REPUBLICAN TAX BILL UNDER ATTACK

Anti-offshore provisions suspend Bermuda loophole. EU complains.

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.

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.

ANTI-HACKER BILL ALLOWS WARRANTLESS WIRETAPS

US House approves life sentences for computer system hackers.

SWITZERLAND: WHAT WENT WRONG?

ZURICH: A series of catastrophes has the Swiss asking themselves what's the matter with Switzerland? What went wrong?

New Swiss Internet surveillance law logs all e-mails.

Swiss make formal request for United Nations membership.

COMMUNIST CHINA FAILS HONG KONG

After 5 years of Red rule, the old free enterprise Hong Kong is fading.

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.

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.

Wall Street Journal: IRS Out of Control.

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!

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.

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.

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.

ROLES REVERSED: E.U. CONCERNED ABOUT SOVEREIGNTY

EU claims US corporate reforms would jeopardize EU sovereignty and expose foreign companies to double jeopardy taxation.

WHERE IS THE U.S. NATIONAL ECONOMY HEADED?

The Economist magazine thinks it knows the answer.

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.

HUGE EXPANSION OF U.S. FEDERAL CRIMES

WASHINGTON. Little noticed provision makes any 'attempt' to break a federal law a separate punishable criminal act.

SNITCHING FOR THE GOVERNMENT

US Rep. Paul sees no justification for Americans spying on each other.

Alarm bells ring over proposed US terrorism reporting system.

LACK OF PRIVACY FACTOR

Another reasons why wealthy Americans are leaving the US.

POLITICS AND GAMBLING

How the definition of terrorism almost included Internet gambling.

NEW ZEALAND VOTES SATURDAY

Labour Party policies cause major brain drain as skilled workers leave. Private property rights claimed as seriously curtailed.

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.

FIRST BRITISH LAWYER JAILED FOR FAILURE TO REPORT

UK solicitor jailed for not reporting suspicious activity.

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.

Ireland's forfeiture law mimics US, UK follows same path.

Bush administration's new '2002 Money Laundering Strategy'

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).

BUSH DOMESTIC MILITARY POLICE PLAN ATTACKED

US military as domestic police causes firestorm of opposition.

Cato on Warrior Cops: Ominous Growth of Paramilitarism in America

Arresting development: "Just book everybody, Danno."

THREATS TO LIBERTY - A NEVERENDING ASSAULT

British police can intercept emails, UK high court rules.

Demands for US government control of the Internet.

In spite of promises, Bush government backs national ID cards.

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.

The Center for Freedom & Prosperity gives the inside story on the Bush administration's rejection of the EU savings tax directive.

RUSSIA: NEW INVESTMENT FRONTIER?

Oil, banking, farming, the nation's economy is humming. Business Week's International Edition special report.

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.

1 in 1000 Americans earned over $200,000 and paid no taxes.

USA was born in a tax revolt. A history of US taxation.

U.S. POLICIES HELPED TERROR MONEY LAUNDERING

US emphasis on banks money laundering role prompted use of hawala, the terrorists' favorite cash conduit.

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.

US Treasury spokesman confirms US opposition to EU directive.

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?

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.

U.S. OFFSHORE INTELLECTUAL PROPERTY TAX RULES CHANGED

Offshore tax break curb may be part of anti-offshore political frenzy.

I.R.S. WANTS SCALED DOWN FOREIGN TAX REPORTING

WASHINGTON. Warmed over Clinton plan regs proposed by IRS.

HEDGE FUNDS DISAPPOINT

Despite a bear market, hedge funds struggle to do well.

ANOTHER REASON TO GO OFFSHORE

US court ruling on ERISA greatly expands employers' liability.

MONEY LAUNDERING 101

Ten common violations of anti-money laundering laws.

PATRIOT Act bank surveillance software ready to spy.