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	<title>Comments on: They&#8217;re Not Tax Havens &#8230; They&#8217;re Secrecy Havens</title>
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	<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/</link>
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		<title>By: DeadLast</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145295</link>
		<dc:creator>DeadLast</dc:creator>
		<pubDate>Mon, 30 Mar 2009 18:09:20 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145295</guid>
		<description>&lt;p&gt;A major reason for these off-shore operations is an industry called transfer pricing.  the “valuable” portion of profitability happens in those countries that have very low tax rates, compared to the U.S.  thus, the goods come into the US at a higher basis resulting in lower import duties and taxes.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>A major reason for these off-shore operations is an industry called transfer pricing.  the “valuable” portion of profitability happens in those countries that have very low tax rates, compared to the U.S.  thus, the goods come into the US at a higher basis resulting in lower import duties and taxes.</p>
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		<title>By: MsAnnaNOLA</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145280</link>
		<dc:creator>MsAnnaNOLA</dc:creator>
		<pubDate>Mon, 30 Mar 2009 17:16:16 +0000</pubDate>
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		<description>&lt;p&gt;Sounds like we need an Alternative Minimum Tax for companies using offshore subsidiaries in tax havens. Maybe 100% will do it.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Sounds like we need an Alternative Minimum Tax for companies using offshore subsidiaries in tax havens. Maybe 100% will do it.</p>
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		<title>By: albertchampion</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145199</link>
		<dc:creator>albertchampion</dc:creator>
		<pubDate>Mon, 30 Mar 2009 06:39:59 +0000</pubDate>
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		<description>&lt;p&gt;oddly, the issue is becoming that many countries do not want to establish accounts for americans, even if they are declared accounts. &lt;/p&gt;
&lt;p&gt;i think that you will not be able to open, as an american citizen, any account in chur now. &lt;/p&gt;
&lt;p&gt;the chur banks do not want to deal with the irs.&lt;/p&gt;
&lt;p&gt;and my issue remains, why do you think that any government, especially a gangster us government, has any jurisdiction over your assets?&lt;/p&gt;
&lt;p&gt;please tell me/us why it is that you think any government is entitled to a claim on a citizens assets/earnings?&lt;/p&gt;
&lt;p&gt;this is a philosophical issue that most care to ignore. so i am all ears as to why the state should have the right to confiscate a citizen’s property.&lt;/p&gt;
&lt;p&gt;this issue harkens back to fdr’s confiscation of privately-held gold. gold that would have been safer if held outside of the usa. in swiss banks, for instance.&lt;/p&gt;
&lt;p&gt;and now the issue reverts to a class warfare issue. for the sake of argument, let us say that decades ago, i noticed that the government of the usa was destroying my assets[denominated in greenbacks], so i converted my assets into gold/silver. &lt;/p&gt;
&lt;p&gt;prudent sheltering of assets i think that could be called. &lt;/p&gt;
&lt;p&gt;some time in the near future, barry obombya decides to play fdr, and confiscate all citizen’s precious metal holdings. impoverishing all who had foresight to acquire, but not enough foresight to get those assets out of the usa.&lt;/p&gt;
&lt;p&gt;who do you think owns you? the state?&lt;/p&gt;
&lt;p&gt;i think i know your answer, and must ask, why have you decided to be a statist?&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>oddly, the issue is becoming that many countries do not want to establish accounts for americans, even if they are declared accounts. </p>
<p>i think that you will not be able to open, as an american citizen, any account in chur now. </p>
<p>the chur banks do not want to deal with the irs.</p>
<p>and my issue remains, why do you think that any government, especially a gangster us government, has any jurisdiction over your assets?</p>
<p>please tell me/us why it is that you think any government is entitled to a claim on a citizens assets/earnings?</p>
<p>this is a philosophical issue that most care to ignore. so i am all ears as to why the state should have the right to confiscate a citizen’s property.</p>
<p>this issue harkens back to fdr’s confiscation of privately-held gold. gold that would have been safer if held outside of the usa. in swiss banks, for instance.</p>
<p>and now the issue reverts to a class warfare issue. for the sake of argument, let us say that decades ago, i noticed that the government of the usa was destroying my assets[denominated in greenbacks], so i converted my assets into gold/silver. </p>
<p>prudent sheltering of assets i think that could be called. </p>
<p>some time in the near future, barry obombya decides to play fdr, and confiscate all citizen’s precious metal holdings. impoverishing all who had foresight to acquire, but not enough foresight to get those assets out of the usa.</p>
<p>who do you think owns you? the state?</p>
<p>i think i know your answer, and must ask, why have you decided to be a statist?</p>
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		<title>By: MarkH</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145191</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Mon, 30 Mar 2009 05:36:43 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145191</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;Let’s split the difference and only make them pay taxes on the stuff the stole over the past decade…and demand&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;After all the IRS horror stories told by middle class Americans I have little sympathy. I’d rather charge them the full tax plus penalties on anything we can recover. They’ve been part of the ideology that has pushed American down into the ditch and it’s time to set that right (to the extent it can be done).&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>Let’s split the difference and only make them pay taxes on the stuff the stole over the past decade…and demand</p>
</blockquote>
<p>After all the IRS horror stories told by middle class Americans I have little sympathy. I’d rather charge them the full tax plus penalties on anything we can recover. They’ve been part of the ideology that has pushed American down into the ditch and it’s time to set that right (to the extent it can be done).</p>
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		<title>By: MarkH</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145189</link>
		<dc:creator>MarkH</dc:creator>
		<pubDate>Mon, 30 Mar 2009 05:29:28 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145189</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;As previously stated, the bonus fiasco is only a diversion&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;Saying “diversion” implies someone is trying to divert attention. I don’t think it is/was that at all. I think it has been the public who became fascinated with and angered about the bonuses and government just responded. Of course, how political actors responded and perhaps used that public anger is another thing altogether.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>As previously stated, the bonus fiasco is only a diversion</p>
</blockquote>
<p>Saying “diversion” implies someone is trying to divert attention. I don’t think it is/was that at all. I think it has been the public who became fascinated with and angered about the bonuses and government just responded. Of course, how political actors responded and perhaps used that public anger is another thing altogether.</p>
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		<title>By: acquarius74</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145188</link>
		<dc:creator>acquarius74</dc:creator>
		<pubDate>Mon, 30 Mar 2009 05:24:33 +0000</pubDate>
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		<description>&lt;p&gt;Shortly after Madoff turned himself in I began to suspect he was taking the fall for others.  His earliest ‘clients’ who got in, got their pay-offs and got out??  We only know the names of those who got scammed, right?&lt;/p&gt;
&lt;p&gt;Stanford may lead to the Brits - polo, cricket, and the big lie about descending from Sir Somebody Stanford for whom Stanford U is named, eh old chap?  &lt;/p&gt;
&lt;p&gt;If it’s Black Ops and M15 we can forget about ever learning the answers.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Shortly after Madoff turned himself in I began to suspect he was taking the fall for others.  His earliest ‘clients’ who got in, got their pay-offs and got out??  We only know the names of those who got scammed, right?</p>
<p>Stanford may lead to the Brits &#8211; polo, cricket, and the big lie about descending from Sir Somebody Stanford for whom Stanford U is named, eh old chap?  </p>
<p>If it’s Black Ops and M15 we can forget about ever learning the answers.</p>
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		<title>By: acquarius74</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145183</link>
		<dc:creator>acquarius74</dc:creator>
		<pubDate>Mon, 30 Mar 2009 04:44:17 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145183</guid>
		<description>&lt;p&gt;Thanks so much for that link, goldstandard.  Just finished reading the whole thing.  Some of the best is near the end, so, folks, don’t give up.&lt;/p&gt;
&lt;p&gt;Included in the subject matter is the list of names/countries who will be attending the April 2 meeting in London of the G20 (”with their hang-ups”).  Yup, gonna solve the world’s money crisis and prevent The Greatest Depression in 4 1/2 hours - - when they’re all mad at each other!&lt;/p&gt;
&lt;p&gt;The thought kept recurring to me that the G20 meeting should have been scheduled one day earlier - Fools’ Day.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Thanks so much for that link, goldstandard.  Just finished reading the whole thing.  Some of the best is near the end, so, folks, don’t give up.</p>
<p>Included in the subject matter is the list of names/countries who will be attending the April 2 meeting in London of the G20 (”with their hang-ups”).  Yup, gonna solve the world’s money crisis and prevent The Greatest Depression in 4 1/2 hours &#8211; - when they’re all mad at each other!</p>
<p>The thought kept recurring to me that the G20 meeting should have been scheduled one day earlier &#8211; Fools’ Day.</p>
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		<title>By: Synoia</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145179</link>
		<dc:creator>Synoia</dc:creator>
		<pubDate>Mon, 30 Mar 2009 03:59:59 +0000</pubDate>
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		<description>&lt;p&gt;Thank you. And I’m very familiar with British History, and the hairsplitting.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Thank you. And I’m very familiar with British History, and the hairsplitting.</p>
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		<title>By: Rayne</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145178</link>
		<dc:creator>Rayne</dc:creator>
		<pubDate>Mon, 30 Mar 2009 03:56:53 +0000</pubDate>
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		<description>&lt;p&gt;But there’s another angle which should also be taken into consideration.&lt;/p&gt;
&lt;p&gt;Some countries have deliberately sought insurance industry business by establishing “insurer-friendly” business code.&lt;/p&gt;
&lt;p&gt;Bermuda is a well-known example.&lt;/p&gt;
&lt;p&gt;But Ireland is another.&lt;/p&gt;
&lt;p&gt;Can you point out any others?&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>But there’s another angle which should also be taken into consideration.</p>
<p>Some countries have deliberately sought insurance industry business by establishing “insurer-friendly” business code.</p>
<p>Bermuda is a well-known example.</p>
<p>But Ireland is another.</p>
<p>Can you point out any others?</p>
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		<title>By: cinnamonape</title>
		<link>http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145176</link>
		<dc:creator>cinnamonape</dc:creator>
		<pubDate>Mon, 30 Mar 2009 03:42:54 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/03/29/theyre-not-tax-havens-theyre-secrecy-havens/#comment-145176</guid>
		<description>&lt;p&gt;Let’s split the difference and only make them pay taxes on the stuff the stole over the past decade…and demand that they make major contributions to every food closet, homeless and battered women’s shelter in the country.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Let’s split the difference and only make them pay taxes on the stuff the stole over the past decade…and demand that they make major contributions to every food closet, homeless and battered women’s shelter in the country.</p>
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