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Politics : WAR on Terror. Will it engulf the Entire Middle East?
SPY 685.66+0.2%Dec 5 4:00 PM EST
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To: Proud_Infidel who wrote (14730)8/2/2006 2:46:38 PM
From: Elmer Flugum   of 32591
 
Haim Sabin

"So many superrich Americans evade taxes using offshore accounts that law enforcement cannot control the growing misconduct, according to a Senate report that provides the most detailed look ever at high-level tax schemes.
Among the billionaires cited in the report are the owner of the New York Jets football team, Robert Wood Johnson IV; the producer of the “Mighty Morphin Power Rangers” children’s show, Haim Saban; and two Texas businessmen, Charles and Sam Wyly, who the Center for Public Integrity found in 2000 were the ninth-largest contributors to President Bush.

Mr. Johnson and Mr. Saban, who are portrayed as victims in the report, are scheduled to testify today before the Senate Permanent Investigations subcommittee. They are expected to say that professional advisers assured them their deals to avoid taxes were more likely lawful than not. The Wyly brothers told the committee that they would invoke their Fifth Amendment right against self-incrimination and thus were not called to testify. The report characterizes them as active participants in tax schemes."

Mr. Sabin is a strong supporter of Israel.

He is a financial donor and founder of the Saban Institute for the Study of the American Political System at the University of Tel Aviv.
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