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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (227895)	2/17/2002 11:01:20 PM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769670

Dear ray, does it not work like this. you and I are free to invest in companies the conserve their capitol and don't give it to the government. Thus if we invest we will receive larger dividends and we will pay taxes on the income. The tax code is stupid and using it's stupidity to favor oneself in not unfair (all are free to use the stupidity.) and I'd call that smart not odd. But if you wish feel free not to take what ever exemptions and deductions you are entitled to and pay more taxes by all means. You are free to do so. I call that fair and odd. As to a company, I believe it is the duty of officers of a corporation to create wealth for the shareholders, not to pay taxes they can legally avoid. tom watson tosiwmee

To: Raymond Duray who wrote (227895)	2/18/2002 11:56:17 AM
From: Selectric II	Respond to of 769670

Your conclusion does not follow from your premise. Perhaps U.S. double taxation of corporations is a reason that causes them to flee. Decades ago, much of the world merchant shipping was similarly registered in Liberia and elsewhere to avoid anticompetitive US regulation. Moreover, the NYT has been asleep at the wheel if it just discovered this trend. American corporations have been incorporating and reincorporating in Bermuda since the Clinton administration. Notable examples include Global Crossing (now bankrupt and under investigation) and Loral (which gave missile secrets to the Chinese), and both of which are owned and/or operated by huge Clinton/Democrat fundraisers and DNC chairman McAuliffe. Correction: McAuliffe might not still own Global Crossing. He made his $18 million on a $100k investment before it went bust, leaving the rest of the shareholders holding the bag ...

To: Raymond Duray who wrote (227895)	2/18/2002 6:40:26 PM
From: Peter O'Brien	Read Replies (1) \| Respond to of 769670

Forget Bermuda, they might start filing in RUSSIA in a few more years! Russia has had a 13% flat income tax rate since January 1, 2001. russiaeconomy.org Their stock market was also the world's best performer during 2001 (no coincidence, in my opinion). Probably because, at a flat 13% rate, money is now flowing back into Russia instead of looking for a way to escape it! finance.yahoo.com^MTMS&d=c&k=c1&a=v&p=s&t=2y&l=on&z=m&q=l Krushchev may have been right after all when he said "we will bury you"!