May 02, 2007

STOP THE TAX HAVENS! STOP THE CORRUPTION AND GREED!



Antilles oppose place on list of tax haven



WILLEMSTAD/WASHINGTON – Together with 33 other islands/countries, the Neth. Antilles appears on a recent proposed bill by three American senators that want to engage the tax haven abuse (abuse of tax paradises) (Aruba and the Netherland Antilles are on this list.) Via diplomatic channels in Willemstad, The Hague, and Washington; the Antillean government is vigorously protesting against that. (Why? Bad for tourism? Bad for organized crime?)


This is the so-called Levin-Coleman-Obama Stop Tax Haven Abuses Act. The democratic American presidential candidate Barack Obama is among the three senators that introduced the bill. Being mentioned on the list of 34 ‘offshore secrecy jurisdictions’, as the countries in the document are being describes, can have an adverse effect on the financial sector.




As a matter of fact, the Antilles have done everything possible lately, not to be reputed as tax haven. For example, with the New Fiscal Outline (NFR) the entire tax system – especially with regard to the international financial service - is turned. Meanwhile, the Antilles received the hallmark of the European Union (EU) and of the Organization for Economic Co-operation and Development (OECD), acknowledged the former Dutch minister of Finance, Gerrit Zalm (VVD) during a lecture for the Antillean Central Bank.




Secretary of state Alex Rosaria (PNP) of Fiscal Affairs says that the government in Willemstad is doing everything possible via diplomatic channels to get the name of the Antilles removed from this list. “The law is not enacted yet, but we also do not want this to assume a life of its own.” He points out that the United States has recently ratified the treaty in connection with exchanging tax information. Meanwhile, Rosaria has contact with the American consulate-general in Curacao, Robert Sorenson, about this and says that Finance and Foreign Affairs in The Hague are aware of this and that minister Plenipotentiary Norberto Ribeiro at the Dutch embassy in Washington is brought in.


Also Aruba appears on the challenged list.
It’s not clear yet what this island is going to do against this. The US-senators write in an elucidation that the 34 jurisdictions were taken from the American tax service, IRS that identifies these countries as possible locations for evasion of American taxes.


http://www.amigoe.com/english/


4 comments:

Anonymous said...

The cash and carry timehsare properties in Aruba is one clear example of money laundering. The questionable Americans bought those timeshares with with credit cards, and then deposit the drug money into their ATM accounts in Aruba. Then the American moles trade the timeshares in Hawaii and Alaska. After six months, the timeshares were sold to a holding company in Aruba. The drug lords then get the clean cash back. Paulus and Joe Y are suspected in the ATM money laundering scheme by the IRS.

donald said...

If this article is of interest go to www.TheFirstPost.co.uk/ then go to the archives and search "Tax Havens". The Brits has been on this story for some time.

Anonymous said...

I believe this says more about Americans needing / wanting to hide their income from the IRS than it does about these so-called "tax havens". Don't you?!

Michelle said...

This bill was proposed by three American senators. The problem is not only hiding money, but those countries that ALLOW IT.