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To: afrayem onigwecher who wrote (11441)3/30/2003 2:12:46 PM
From: ayn rand  Read Replies (1) | Respond to of 19428
 
"no sign of oilfields burning" March 29

(Reuters)

alertnet.org

NORTHERN IRAQ- There was no sign of oilfields burning around Kirkuk on Saturday, and the northern Iraqi city's main oil refinery appeared to be working normally.

Washington feared Saddam would set his oilfields on fire to prevent them falling into enemy hands.

"But so far fewer than 10 wellheads are known to have been set alight, all in the Rumaila fields in southern Iraq which were secured in the early stages of battle by British troops."

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SOUTHERN IRAQ--From miles away and 200 feet off the ground, the Rumaila oil fires are red specks in the distance, mimicking the first slanting rays of a rising desert sun. As the distance closes, though, their fury becomes apparent, flame and smoke spewing out from the scarred earth. In his UH-1 Huey command helicopter, Lt. Gen. James Conway knows it could have been worse. "A hell of a lot worse," says the commander of the 1st Marine Expeditionary Force that made the first dash into Iraq to prevent Saddam Hussein's forces from laying waste to his nation's vast oil reserves, kicking off the long-anticipated ground war earlier than planned.
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To: afrayem onigwecher who wrote (11441)4/1/2003 4:38:49 PM
From: StockDung  Read Replies (1) | Respond to of 19428
 
Come clean Avoid civil fraud charges if you've been mixed up in offshore transactions

By Marshall Loeb, CBS.MarketWatch.com
Last Update: 12:05 AM ET March 31, 2003

NEW YORK (CBS.MW) --The IRS has targeted offshore transactions as one the top 12 scams to look for. Federal agencies and the IRS are prosecuting promoters and their clients for tax evasion schemes, including when people use offshore credit cards, trusts or other methods to hide taxable income.

In recent years, more and more people have been caught up in ways to hide foreign income and assets.

These methods often involve flow-through entities like foreign trusts, corporations, partnerships, as well as offshore bank accounts and credit cards. Innocent taxpayers who have been lured into these scams by con artists have one last chance to avoid civil fraud charges. Until April 15, those who want to come clean can call the Offshore Voluntary Compliance Initiative at 215-516-3537. Taxpayers involved in such schemes who don't come forward now may be subject to taxes, interest, penalties and possible criminal prosecution. For more information on this and other areas the IRS is cracking down on, consult "IRS Updates the 'Dirty Dozen' for 2003: Agency Warns of 12 Common Scams" in The Newsroom at irs.gov.

Marshall Loeb, former editor of Fortune, Money, and The Columbia Journalism Review, writes "Your Dollars" exclusively for CBS.MarketWatch.com.