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But the Islamists forced the Gov. to pressure the banks to expose
intelligence for the national interest. I doubt that the political
party, which now controls two branches of our government, would want to instigate a
witch hunt against legalized tax evasion.
Wednesday, April 02, 2003, 6:15:45 PM, you wrote:
MS> Bahamas and Cayman's have no income tax --- they get revenue on 20 to 27% customs duties on stuff you import to make your life comfortable.
MS> Biggest problem is the Patriot Act --- widely touted by politicians under the guise of catching terrorists --- it was REALLY created to catch offshore tax account holders.
MS> US notified all offshore banks they had to furnish account holder information or else loose corresponding banking relationship with all US banks --- which would kill their offshore bank industry.
MS> Most Carribean banks caved in.
MS> At this date 7 offshore locales are still holding out against US Gov't. and still maintaining secrecy.
MS> That offshore magazine at bookstores tells it all.
MS> I know a nice, intelligent guy who made $100,000 in year 2000 trading options who set up an offshore account in Carribean before that --- had his whole retirement there ---- Carribean bank sung
MS> like a canary for the US Gov't when Patriot act came out --- now he is doing one years time in Club Fed for tax evasion.
MS> I think Switzerland still maintaining secrecy.
MS> On Wed, 2 Apr 2003 11:39:23 -0600 , Mark Brown <markbrown@xxxxxxxxxxxxx> wrote:
>> Hello omega-list,
MS> as i set here contemplating paying my 50%+ tax rate and how much more
MS> i will have to pay to finance a war, which the out come could have
MS> been easily replicated by a couple of Israeli soldiers if given the
MS> authority.
MS> i am also wondering about tax rates in other countries any comments?
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