For Immediate Release
Thursday, October 25, 2001
Quinlan: Low Tax Rates Have Nothing
To Do With Terrorism . . .
Andrew Quinlan, President of the Center for Freedom and Prosperity, released the following statement on the passage of the anti-terrorist/anti-money laundering legislation in Congress today:
"Low tax rates have nothing to do with terrorism and we are glad that the money laundering bill was modified to prevent the Treasury Secretary from sanctioning countries simply because they have
attractive tax systems. The Center for Freedom and Prosperity is disappointed, though, that this battle had to be fought in the first place. High-tax politicians sought to exploit September 11, and they should
be ashamed for this unseemly behavior.
"Over the next, few months, the Center for Freedom and Prosperity will be working and communicating with Congress and the Administration in order to stop the tax harmonization agenda of Europe's
welfare states. Since the U.S. has low levels of taxes compared to the rest of the industrialized world, any laws or agreements targeted against low tax countries will eventually hurt America.
As any investor living outside America will tell you, the U.S. is the Cayman Islands for the rest of the world. This is a good thing. We should work to keep this competitive advantage. Today, Congress took that first step by keeping Europe's pro-tax harmonization language out of the bill."
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