by Richard M Salsman | Sep 17, 2002 | Business, Taxation, Terrorism
Just as they’ve blurred the distinction between legal tax avoidance and illegal tax evasion, OECD officials have tried to blur the distinction between money-laundering and tax havens — even though the latter involves moving illegally-gained money above-ground, from the “underground economy” while tax avoidance involves legally moving legally-made money to jurisdictions with the lowest tax rates.
by James Glassman | Sep 17, 2002 | POLITICS
If the current bear market hurts, it should. It’s the fourth-worst in modern market history. But here’s balm for aching portfolios: The smart folks at Sanford Bernstein & Co., a value-oriented investment-management firm, tell us that “the key... by Michelle Malkin | Sep 16, 2002 | POLITICS
Criminal aliens and their lawyers are rooting mightily for the Senate’s version of the Homeland Security bill now being debated in Washington. That’s because buried in the legislation is a very dangerous proposal to grant unprecedented power to a... by Daniel Pipes and Lars Hedegaard | Sep 16, 2002 | POLITICS
A Muslim group in Denmark announced last month that a $30,000 bounty would be paid for the murder of several prominent Danish Jews, a threat that garnered wide international notice. Less well known is that this is just one problem associated with Denmark’s... by Richard M Salsman | Sep 15, 2002 | POLITICS, United Nations
As we write, both Democrats and Republicans are introducing legislation to seek a moratorium on re-incorporations to tax havens — and some of the bills include a retroactive repeal of the right of companies that have already accessed havens. But Congressional... by Michelle Malkin | Sep 15, 2002 | POLITICS
Prosecutors snagged their first guilty plea in the Enron energy scandal last month. Former executive Michael Kopper admitted to money laundering and conspiracy to commit wire fraud. He has promised to forfeit $12 million in illegal profits, which will be distributed... by Robert W Tracinski | Sep 14, 2002 | POLITICS
The U.N.’s “sustainable development” conference in South Africa has been characterized, so far, by what the press calls “divergent agendas,” a confused contest of competing interests and an attitude of futility. One speaker summed up the... by Jeff Jacoby | Sep 14, 2002 | POLITICS
If sucking up to the House of Saud were an Olympic event, George W. Bush would be a contender for the gold. He was at his fawning best last month, when he hosted the Saudi Arabian ambassador, Bandar bin Sultan, for lunch in Crawford, Texas. The ambassador, who showed... by Richard M Salsman | Sep 13, 2002 | POLITICS
To his credit, in May 2001 Treasury Secretary Paul O’Neill wrote an op-ed26 (and a private letter to the OECD) questioning some of its more punitive aims: I am troubled by the underlying premise that low tax rates are somehow suspect and by the notion that any...