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

To: KLP who wrote (286797)	8/14/2002 4:13:05 PM
From: TigerPaw	Respond to of 769670

Links please? I don't think you read the last batch of links I posted. Message 17876194 Bush Junior, like always, talks reform. But when it's time for his regulations to be put in practice he favors lots and lots and lots of loopholes. About one for each donor. tax-news.com So far, the rhetoric of the Bush administration has raised concerns that it would weaken US support for international efforts to curb money laundering and tax evasion. At the same hearing, the chief New York prosecutor on financial crimes told the committee that offshore tax havens posed a growing problem that threatened the integrity of the US taxation system. Robert Morgenthau, Manhattan district attorney, said law enforcement officials were prosecuting only a small fraction of the tax fraud and other crimes facilitated by those havens. In the Cayman Islands alone, he said, more than $800bn was on deposit, nearly one-fifth as much as all dollar deposits in the US. "What is all this money doing offshore? It is not there because of the sunshine and beaches," Mr Morgenthau told the committee. "To be blunt, it is there because those who put it there want a free ride; depositors, investors, banks and businessmen want to avoid or evade laws, regulations and taxes in their home country." TP