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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.33+0.7%Nov 18 4:00 PM EST

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To: Riskmgmt who wrote (49605)5/7/2009 9:30:08 PM
From: TobagoJack  Read Replies (1) of 217860
 
just in in-tray

We know that the Bush "Axis of Evil" consisted of Iraq, Iran and North Korea.

What are the countries in Obama's "Axis of Evil?"
The Netherlands, Ireland, and Bermuda.
Tax Havens all!

— Eighty-three of the 100 largest U.S. corporations had subsidiaries in tax havens, according to the Government Accountability Office .

— Bermuda , the Netherlands and Ireland — all small, low-tax countries — claimed nearly a third of all foreign profits reported in 2003 by U.S. corporations.

Obama wants to reduce companies' ability to defer taxes on overseas profits, end many overseas tax havens and aggressively hunt down overseas tax evaders.

To do so, he proposes tightening regulations and hiring 800 more Internal Revenue Service agents. In turn, he said he'd pump billions of projected savings into guaranteed funding of a research and experimentation tax credit for companies that invest in jobs in the U.S.

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