O'Neill received many letters from the public who were angry that he wouldn't pursue offshore
tax havens that were used by drug dealers, the mafia and rich people who didn't want to pay taxes.-Mephisto
"Now, the Bush
Administration was saying that it was backing off the US commitment to reform the
offshore banking system. Instead, the "tough on crime" Republicans would stand shoulder
to shoulder with the shady characters in Nauru, Aruba, Liechtenstein and elsewhere who
offer state-of-the-art financial services for crooks.
The immediate issue was an initiative by the
Organization for Economic Cooperation and
Development to stop tax evaders from hiding money
in offshore havens. The OECD last July named
thirty-five jurisdictions that offered foreigners
secrecy, low or no taxes and protection from
inquiries by home-country legal and tax authorities.
It said it would take "defensive measures" against
countries that didn't change those policies, and it
began negotiating with such worried targets as the
Cayman Islands.
In April, O'Neill rebuffed pressure from France,
Japan and Italy to reiterate US support for the
initiative. Then in May, without prior consultations or
negotiations with allies (à la Kyoto), he announced in
a newspaper Op-Ed that the OECD demands were
"too broad" and withdrew US support. French
Minister of Finance Laurent Fabius publicly
expressed his concern, saying that "until now, the
United States and France were at the forefront of
this fight." Le Monde editorialized, "After dirty air, dirty money."
The Bush Administration's actions represent a continuation of policies--interrupted only by
the brief Clinton moves--that go back to the Reagan era/".
The above is an excerpt from thenation.com
TP, Bush administration's actions go back to REGAGAN ERA. A fellow who sat across from me on the
bus a week or so ago said the same thing: money laundering was a big deal in the Reagan administration.
That way corporations got out of paying taxes. At least b4 terrorist attacks, he believed W
would encourage American businesses to go abroad where they wouldn't have to pay minimum wages.
I wasn't living here during Reagan administration so I don't know much about it.
Bin Laden's money is complicated. From what I read last night his money is probably tied up in the
Middle East and not necessarily Saudia Arabia. I read that Saudi folks use to carry their cash around
with them. They might even carry million dollars and pay cash for the deal. Their banking system
is more complicated. I believe the show that I told you about is suppose to air again. I was looking at
transcripts last night.
I can't recall where I read this but one way Bin Laden may be making money now is by producing
honey!!!! Yes, he has bee keepers somewhere in the world.............(LOL). I'm tired so I guess I
need to laugh a little now. |
