http://www.caribbeannetnews.com/news-5932--30-30--.html

US lawmaker vows pursuit of offshore tax havens such as the Cayman Islands
Published on Saturday, February 9, 2008 Email To Friend Print Version

WASHINGTON, USA (Reuters): Offshore tax shelters cost the US Treasury more than $100 billion a year and a senior lawmaker said he wants to curb them through legislation he is offering along with Senator Barack Obama.


Senator Carl Levin. Bloomberg Photo
Senator Carl Levin told the Reuters Regulation Summit he hopes tax-dodging schemes will get more attention in the presidential campaign as an economic fairness issue, adding that an investigative panel he heads will stay focused on the issue.

"We're after offshore tax havens and their use in tax avoidance, where they serve no economic purpose except to avoid taxes," said Levin, a Michigan Democrat who chairs the Senate Permanent Subcommittee on Investigations.

Levin, Obama and Sen. Norm Coleman last year introduced a bill to crack down on tax evasion schemes involving offshore shelters in places such as the Cayman Islands.

"There's a lot of money involved. We've got people paying taxes in this country who are middle-income, working families and, at the same time, people avoiding paying taxes who are making millions of dollars a year," Levin said at the summit.

"The public knows about it. They're unhappy with it. I think it's going to be an issue in the campaign, by the way. I hope it will be. I hope we can get some legislation passed."

can't wait for the fireworks to start ... didn't the OECD oversight madness begin with al gore during the prior dem administration?

do as i say, and not as i do ... eh? :taped2:

I hope you people are happy about the "change" that Obama is about to bring - because after this law passes - that is all he will leave in the Bahamas' banking industry....change..

I hope you people are happy about the "change" that Obama is about to bring - because after this law passes - that is all he will leave in the Bahamas' banking industry....change..

To be honest. I am a McCain supporter- my admiration for Obama, from an American standpoint, is plainly for the better American, state of mind. He is what America needs. However, as a citizen of an offshore jurisdiction, it is troubling for me, to even think about standing in line with his views. Before we talk about his liberal ideals- pro choice and the other stuff.

In saying that, Levin, Obama and Coleman, have not put in place, any firm legislation, against offshore jurisdictions, which has come as a direct result of their/US policy. Levin and Coleman, have been "airbagging" for the most part- blowing smoke, without a fire. Now, if the OECD or WTO has came out and gave directives, then we should take that moderately "serious". However, the first incident involving the FATF and OECD scare tactics, could have been avoided and we could have avoided, the destabalizing ramifications of shoved in legislation. In fact, we were our own worst enemy.

Knowing the actors, in particular to global finance, you have to take these people like Levin and Coleman in particular, and for Levin, a Jewish sympathizer- who gets his marching orders from European rooted Jewish financiers- with a grain of salt. Non Jewish financiers, don't tow the line of his ilk- who are for the most part, ostrasized because of the sleaze the permeate. And are deliberately, cut off from policy making institutions, as best as decent people can keep them.

Along with other complicated dynamics, and while they sound tough, we have to mindful of the network of people, people ike Levin and Coleman, are trying to frustrate- Levin and Coleman, know full well how far to go. Obama, is just naive.

...my issue with Obama, naive or not...he is running for presidency..

What he says matters. In fact, because he has nothing else going for him other than his words - such language should hit Bahamians particularly hard.

Maybe instead of agreeing to make nice with America's enemies, someone should advise Mr Obama to keep friends - especially close friends - as close as possible.

SpamStopper sees no diff between Oflama and that Paul feller.

http://www.caribbeannetnews.com/news-5932--30-30--.html
US lawmaker vows pursuit of offshore tax havens such as the Cayman Islands
Published on Saturday, February 9, 2008 Email To Friend Print Version
WASHINGTON, USA (Reuters): Offshore tax shelters cost the US Treasury more than $100 billion a year and a senior lawmaker said he wants to curb them through legislation he is offering along with Senator Barack Obama.
Senator Carl Levin. Bloomberg Photo
Senator Carl Levin told the Reuters Regulation Summit he hopes tax-dodging schemes will get more attention in the presidential campaign as an economic fairness issue, adding that an investigative panel he heads will stay focused on the issue.
"We're after offshore tax havens and their use in tax avoidance, where they serve no economic purpose except to avoid taxes," said Levin, a Michigan Democrat who chairs the Senate Permanent Subcommittee on Investigations.
Levin, Obama and Sen. Norm Coleman last year introduced a bill to crack down on tax evasion schemes involving offshore shelters in places such as the Cayman Islands.
"There's a lot of money involved. We've got people paying taxes in this country who are middle-income, working families and, at the same time, people avoiding paying taxes who are making millions of dollars a year," Levin said at the summit.
"The public knows about it. They're unhappy with it. I think it's going to be an issue in the campaign, by the way. I hope it will be. I hope we can get some legislation passed."


Okay this is the third version of this story I have seen - one prior was even discussed here on BI - Post #63 by Conchshell under the thread Obama wins Iowa. This is bull ****e people (spam).

...my issue with Obama, naive or not...he is running for presidency..
What he says matters. In fact, because he has nothing else going for him other than his words - such language should hit Bahamians particularly hard.
Maybe instead of agreeing to make nice with America's enemies, someone should advise Mr Obama to keep friends - especially close friends - as close as possible.

Ahhhughhhhh.....

The man has a vision, which is essential. After 8yrs of dubya America definitely needs a President who is willing to step outside of the established Washington circle.

That whole last part in bold - c'mon, uggghhhhhhhhhh......... two words - peaceful resolution!

I hope you people are happy about the "change" that Obama is about to bring - because after this law passes - that is all he will leave in the Bahamas' banking industry....change..
Ting um, I usually don't agree with your statements or logic, but on the "change' issue, not only do I agree, but I see you have a sense of humor.

So Obama is brining us all together, even when we have differences.

BTW: The Bahamas needs to diversify it's Banking strategies and Tourism focus IMMEDIATELY. We seem stuck in the past, and the future calls for Technology, Eco-tourism, Nationalism with a Global tinge, Education/Education/Education, Regional Unity, Cultural Awareness, Scientific Research, 3rd political parties.

So is it OBama, OFlama, or OSama? :hammer:

And what Levin or Lemon?

Is Jim_Curry a spam bot of truth?

Clancy:

I mean, I like Obama. But, let's face it- he would be bad for business. He and his death tax loving liberal friends.

Ahhhughhhhh.....
The man has a vision, which is essential. After 8yrs of dubya America definitely needs a President who is willing to step outside of the established Washington circle.
That whole last part in bold - c'mon, uggghhhhhhhhhh......... two words - peaceful resolution!

Obama has a dream.

So do I.

So did Martin Luther King.

...but nothing comes from dreaming except dreams. That is quoted directly from one our most beloved modern day griots - I think his name is Tevin...or something..

The fact of the matter is you can have all of the visions you want. I'm certain that the prostitutes, crackheads, black fraternities and attorneys of the world didn't grow up dreaming of being the scum of the earth. But then they eventually woke up, removed the phallus from their lips and realized they were only dreaming. You can dream with Obama if you want to - but I certainly don't want to wake up on my knees with my lips around unfamiliar territory after his allah-worshipping self gets done with the western hemisphere.

Obama has a dream.
So do I.
So did Martin Luther King.
...but nothing comes from dreaming except dreams. That is quoted directly from one our most beloved modern day griots - I think his name is Tevin...or something..
The fact of the matter is you can have all of the visions you want. I'm certain that the prostitutes, crackheads, black fraternities and attorneys of the world didn't grow up dreaming of being the scum of the earth. But then they eventually woke up, removed the phallus from their lips and realized they were only dreaming. You can dream with Obama if you want to - but I certainly don't want to wake up on my knees with my lips around unfamiliar territory after his allah-worshipping self gets done with the western hemisphere.

The 'ideal' of an Obama excites me. But on a sober note, his liberal views causes me some concern. I now going to see if I can find some more info. on him. McCain's likely the best option in significant ways; but, I don't see him winning at all... Hilliary, I don't go for...period (nor she husband!)!!!

Obama can win. That excites me too....but.....he is too against offshore jurisdictions.

I want a black man to win, when everyone in the world, including his own democratic brethren, say different. But, he has the best chance and, if he can win 2 out of every 3- or at least win 1 out of every three, and pull close in the others, he can take this all the way to the convention.

Hillary and Bill will try to steal it. They would want the delegates counted in Fla and not in Michigan. The super delegates are split even. The Clinton mystique is no more. Dig the ditch and bury them.

My thing is, if we were to have or must have a democratic Prez, then let it be the guy who represents fully the real America. Clinton does not represent and is not even close to, representing real America. Obama does. Clinton has been riding the popularity wave of her husband's presidency and the wave of her being a woman in the senate.

If a woman, can lend her campaign $5 million dollars and no one has the right to ask "where did this money come from"...she is just as bad as the other GOP fiscal conservatives and big money candidates. It's just that she represents a different scale of corporate class and, she lies about helping the poor. Along with having the same type of taxation systems, Obama would represent as well.

Hillary and Obama, would tax offshore jurisdictions just the same. Obama can at least speak to average Americans better than Hillary can- even though they will tax the same- Obama would work better.

After NO...the black man needs a boost of confidence, from one of the best and brightest men in the US congress.

What I find funny..

...9 months ago, Obama was a punchline to so-called blacks and african americans. They threw around terms like "Uncle Tom" and questioned whether he was even considered "black". Personally, I was all for Barack Obama for the same reasons as others. There was/is a severe need to motivate people to action. That changed when I discovered Obama had nothing after the speech. Its like going to church and listening to a pastor deliver some of the most touching and inspiration sermonizing you'll ever hear - but you find out that the same person who gave this touching and inspirational sermon has a sweetheart...a male sweetheart at that...plus he smokes crack..

If you have nothing to back-up what you say, then what you say means nothing.

Hillary Clinton is out of the closet. There's nothing she can hide. There's no stone not uncovered. You know what Hillary Clinton will do because she's already tried to do it as First Lady and again as Senator. I agreed with her as First Lady and as a Senator, so I know I will agree with her as President.

Barack Obama does not represent America, not even black America. The people voting for Barack Obama are college students and the wealthy. That doesn't appear as much of a reflection of America as it sounds. Think about it - Iowa - majority white and average income is 60,000. Georgia - majority white and racist. Illinois - well, that's obvious. Alaska - majority white. Hilliary won in Michigan - which has the worst economy in the country. She won in Florida, New York, and California - there are no other states more reflective of America. Then there's going to be Texas - which I'm sure she'll win. Personally, I'd prefer if an outsider to come in and try to fix things. That means impartiality. Hillary Clinton went from extreme conservative republican to extreme liberal democrat. That should tell you something. From her ivory tower she could see that poverty was an issue and tried to do something about it - instead of turning her back as it is so easy for other rich kids - like the ones who vote for Barack Obama - to do.

Just look at his biggest supporters. The Kennedy's and the Heinz dynasty. Those people have had power for 30 years and didn't do a thing. Suddenly they see a black donkey they want to ride - no pun intended.

As for Hillary writing a check. Everybody knows where the money came from. She's rich. She just had two blockbuster book sales. The lady who wrote Harry Potter is a billionaire. Does anybody ask stupid questions about where her money came from??