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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 398.26

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Jan 2 4:00 PM EST

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To: Gib Bogle who wrote (54989)	9/14/2009 12:51:03 AM
From: Snowshoe	Read Replies (2) of 218960

Here's a chance for the Brits to squeeze some tax-dodging bums... Britain 'may be forced to bail out tax havens' guardian.co.uk Two weeks ago, the Guardian revealed that the Cayman Islands, the capital of the world's hedge fund industry and the fifth biggest banking centre, was so cash-strapped it may not be able to pay its own civil servants. The Caribbean tax haven was forced to ask the Foreign Office permission to borrow £278m to repair huge deficits. The Foreign Office refused, advising the island's authorities to impose property or payroll taxes. Talks are ongoing over a £30m emergency loan package. Jersey, Guernsey and the Isle of Man are all UK crown dependencies. The 14 overseas territories under British sovereignty include Bermuda, the Cayman Islands, Gibraltar and the British Virgin Islands – among the world's most important tax havens.

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