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(English) From Ghetto to Global Port: Panama Maritime Power

Eduardo Morgan Jr.

Before I start my presentation, I believe it is important to refer to the following exchange of letters:

AUGUST 18, 1904

From John Hay, Secretary of State, to Jose Domingo de Obaldia, Ambassador of Panama in Washington, who had objected the appropriation of the ports of Panama and Colon by the United […]

(English) Mitt Romney and Bain Capital Were Right to Utilitize So-Called Tax Havens

I’m not a big fan of Mitt Romney. I hammered him the day before Christmas for being open to a value-added tax, and criticized him in previous posts for his less-than-stellar record on healthcare, his weakness on Social Security reform, his anemic list of proposed budget savings, and his reprehensible support for ethanol subsidies.

But […]

(English) Puerto Rico Tax Break Shifts to Cayman Islands

From Bloomberg News

On either side of a two-lane road and surrounded by the lush green mountains of Villalba in central Puerto Rico, stand a pair of manufacturing plants owned by Medtronic Inc. (MDT), the world’s biggest maker of heart-rhythm devices.

Medtronic does more than half of its $16 billion in annual sales of pacemakers, […]

(English) New Study Documents OECD’s Transformation

(Washington, D.C., Wednesday, November 2, 2011) “Cartelizing Taxes: Understanding the OECD’s Campaign Against ‘Harmful Tax Competition’,” documents the transformation of the Organization for Economic Cooperation and Development (OECD) from its “initial focus on finding solutions to problems that impeded international economic activity” into an organization chiefly concerned with enabling a few high-tax countries to collect […]

(English) Eduardo Morgan Exposes OECD Cartel for High Tax Nations

By Andrew Quinlan

My friend Dr. Eduardo Morgan Jr. sees first hand in Panama how the OECD works. While hypocritically chastising smaller jurisdictions and ignoring the same behavior from larger members, the bureaucrats in Paris also keep moving the goal posts, always pushing for greater discrimination against low-tax jurisdictions to avoid being added to their […]

(English) A Paper Tiger: The OECD

The latest OECD attack on our country borders on the ridiculous. Thus, Pascal Saint-Amans, director of the Global Forum – which is the latest project by the OECD Cartel to end financial competition by the so-called offshore centers – has just declared that the 12 treaties to avoid double taxation (DTT) are not sufficient to […]

(English) US: Lifting the Corporate Veil

KYC 360 Posted on 03 August 2011 by Naomi Cohen

Senator Carl Levin, chairman of the Permanent Subcommittee on Investigations, and Senator Chuck Grassley, ranking member of the Senate Judiciary Committee, this week introduced the Incorporation Transparency and Law Enforcement Assistance Act. This is the third time the Act has come before the house; the […]

(English) Another Ominous Development: OECD Targets. Tax Avoidance at Global Tax Forum

(Washington, D.C., Thursday, June 2, 2010) In a remarkable development, the Organization for Economic Cooperation and Development asserted at the Global Tax Forum that it has the power to regulate and restrain tax avoidance and other forms of legal tax planning. The Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which is now the […]

(English) Business in The Beltway

Money & Politics

From Dan J. Mitchell

Lawmakers Fight IRS Proposal For Banks To Report Interest Earned By Foreigners

There hasn’t been much good economic news in recent years, but one bright spot for the economy is that the United States is a haven for foreign investors and this has helped attract more than $10 […]

(English) CF&P Applauds Congressional Effort to Rein in IRS and Prevent Implementationof Destructive Regulation

From The Center for Freedom and Prosperity

(Washington, D.C., Wednesday, July 20, 2011) The Center for Freedom and Prosperity (CF&P) is applauding the recent introduction of legislation (H.R. 2568) that will prevent the IRS from implementing an unnecessary and destructive regulation. The bipartisan legislation filed July 15th by Congressmen Bill Posey (R-FL) and Gregory Meeks […]