Zeev's Turnips Talk Politics (ZTTP)

[knei]

...we should make sure the rich no longer enjoy tax havens by storing their money overseas to avoid paying taxes. This is particularly a GOP sin.


THE WORLD'S BEST TAX HAVEN: IN AMERICA, BUT UNAVAILABLE TO AMERICANS


http://www.ncpa.org/sub/dpd/index.php?Article_ID=18657


It finds that Delaware – the political power-base of the US vice-president, Joe Biden – offers high levels of banking secrecy and does not make details of trusts, company accounts and beneficial ownership a matter of public record. Delaware also allows companies to re-domicile within its borders with minimal disclosure, and allows the existence of privacy-enhancing "protected cell" or "segregated portfolio" companies, among many other stratagems useful for protecting the identity of those who do business there.


...make it so advantageous to be there that it is breathtaking." And, he adds, requests for legal assistance from other countries fall on deaf ears. "The requests pile up in district courts. It's beyond embarrassing. It's a disgrace."

http://www.guardian.co.uk/business/2009/nov/01/delaware-leading-tax-haven


About Tax Justice Network

TJN is an independent organisation launched in the British Houses of Parliament in March 2003. It is dedicated to high-level research, analysis and advocacy in the field of tax and regulation. We work to map, analyse and explain the role of taxation and the harmful impacts of tax evasion, tax avoidance, tax competition and tax havens. Our objective is to encourage reform at the global and national levels. We are not aligned to any political party. Our network includes:

* Academics;
* Accountants;
* Development organisations and NGOs;
* Economists;
* Faith groups;
* Financial professionals;
* Journalists;
* Lawyers;
* Public-interest groups;
* Trade unions
* Others

http://www.financialsecrecyindex.com/2009results.html