At 10:54 AM 1/10/01 -0600, Jim Burnes wrote:
On Wednesday 10 January 2001 05:29, Ken Brown wrote: ...
The sun still doesn't set on the British Empire (not while we have Pitcairn!), London is still the heart of darkness, it is is still the place where the money is (most of the money in the world, by orders of magnitude, is in meaninglessly large dollar accounts in databases owned by London banks, representing currency trades), and if you think you can trust these guys to do anything other than act in the interests of their own profits you are making a big mistake.
Their interests are in making capital grow and prosper. These are diametrically opposed to the interests of high taxation and socialism. I don't think the Bermuda dot-coms are worried about these guys acting in their own interests. I think they are banking on it....
Published Wednesday, Jan. 10, 2001, in the San Jose Mercury News WORLD NEWS offshore banking Developed nations pushing to get rid of tax havens Wealthy countries aiming to recover billions of dollars lost to offshore tax havens are trying to convince small countries to give up the banking secrecy that has helped their fragile economies survive. Officials from about 40 countries and territories were to reconvene Tuesday in Barbados for a second and final day of discussion about what the Paris-based Organization for Economic Cooperation and Development terms ``harmful tax practices.'' The organization's 30 member nations, which include the world's wealthiest nations, have set up international standards that they want all nations to abide by. Countries that have no taxes or low taxes are being pushed to change their laws steve