Contact Information:

Center for
Freedom and Prosperity
 P.O. Box 10882
Alexandria, Virginia
22310-9998
202-285-0244

CF&P E-Mail Update, August 14, 2003

Center for Freedom and Prosperity's E-mail Update

1) Washington Update

2) CF&P Foundation Study Explains How the IRS Interest-Reporting Regulation Will Hinder the Fight Against Money Laundering

3) Joel Mowbray on the IRS's Interest Reporting Regulation

4) Ways and Means Chairman Introduces International Tax Reform Bill

5) CF&P's Panama Conference is a Success

6) CF&P Attacks IRS Interest Reporting Rule at Senate Hearing

7) The Gil Hyatt Persecution -- Taxing Times in California: The depths to which his California has fallen

8) George Will: A Botched Constitution

9) Cato Institute's William Niskanen compares the US Constitution to that proposed for the European Union

10) Tax-News.com: EU Savings Tax Directive Just The Start Warns Academic

11) Andrew Stuttaford: Bullying Berlusconi: Why they hate him

12) Michael Novak: Anti-American European? Read this!

13) Dan Mitchell to Speak at Two Caribbean Conferences on the OECD and Tax Competition – Nevis and Anguilla

14) Jeremy Slater: When Efficiency Is Bad

15) Dan Mitchell:  A New Call for a Flat Tax

16) Bush Offers Morella a Ticket to Paris: White House to Nominate GOP Veteran for OECD Ambassador

17) IRS Abuse Reports prepared for the United States Congress

18) CF&P Clips

 

1) Washington Update

Congress is out of town and it will be slow in Washington until September. When members return, international tax reform is one of the top issues we will be tracking. Ways and Means Chairman Thomas introduced his bill a few weeks ago and it will be the starting point for debate in the House (see below for more details on the legislation). On other matters, we will also continue our fight to kill the IRS's interest reporting regulation.  See our Foundation's report below on how the regulation will make it harder to fight against dirty money and catch money launderers.  Also nationally syndicated columnist Joel Mowbray has a op-ed in today's Washington Times on the regulation.  A must read.

In today's update we devote a lot of space to the European Union's proposed Constitution.  As one can guess, it moves Europe toward an even more Statist union.

In an article linked below that appeared on the National Review Online web site, the plight of Nevada state resident Gil Hyatt, who has been under attack by his former state of residence – California – for more than a decade, is described in great and scary detail. The article describes how California tax authorities undermined legal protections trying to tax income earned in another state.  Mr. Hyatt took California to the Supreme Court. Fortunately for all Americans, the Court ruled on the right side.  Read the article below and see that jurisdictional tax competition between states is alive and well thanks to one courageous American.

Also below are sections on Dan Mitchell's streaming video of his Public Broadcasting Service commentary and CNN interview on the U.S. missing the boat on the flat tax revolution and the announcement that former-Congresswoman Connie Morella has been nominated as the U.S. Ambassador to the OECD. We also re-highlight an opinion piece by Joel Mowbray on Ms. Morella's aptitude for the post.

Best regards,  AQ

 

2) CF&P Foundation Study Explains How the IRS Interest-Reporting Regulation Will Hinder the Fight Against Money Laundering

The Center for Freedom and Prosperity Foundation released a study showing that the proposed IRS interest-reporting regulation (REG-133254-02) will make it harder to investigate and prosecute financial crime. The report, entitled "How the IRS Interest-Reporting Regulation Will Undermine the Fight Against Dirty Money," explains that the new regulation will encourage many foreigners to withdraw their money from American banks – and therefore make it almost impossible for U.S. law enforcement officials to ascertain if those funds are being used for illicit purposes. Heritage Foundation tax expert Daniel J. Mitchell, author of the study, commented, "The IRS regulation will hurt financial markets, undermine the competitiveness of U.S. banks, and hamper law enforcement. Secretary Snow should permanently withdraw this Clinton-era scheme."

Andrew F. Quinlan, President of the Center for Freedom and Prosperity, remarked, "Ironically, certain Treasury Department official in the Office of Tax Policy have argued that the regulation will help fight money laundering. What's next? Will they claim that high taxes will boost the economy by encouraging people to work harder?" [Link to full study with executive summary:]

July 2003, Prosperitas (Volume III, Issue III): How the IRS Interest-Reporting Regulation Will Undermine the Fight Against Dirty Money, by Daniel J. Mitchell
http://www.freedomandprosperity.org/Papers/irsreg-dm/irsreg-dm.shtml

 

3) Joel Mowbray on the IRS's Interest Reporting Regulation

Nationally syndicated columnist Joel Mowbray asks an important question. With more than 100 members of Congress, the Bush White House and the many from the financial services industry opposed to the IRS's Interest Reporting Regulation on non resident aliens, why hasn't the Treasury Department withdrawn the regulation. Here's Joel Mowbray's take….

[Excerpt]

If Treasury Department officials get their way, a new IRS regulation could be in place soon that would likely drive away tens of billions — and maybe hundreds of billions — of dollars worth of foreign investment capital from U.S. banks.

Treasury is pushing to finalize a regulation that would require American banks to report interest paid to foreigners in order to allow foreign governments to tax interest income earned by their citizens. With over $1 trillion of foreign capital directly invested in the U.S. banking system — approximately $200 billion of which could be covered by the proposed regulation — banks would likely suffer an exodus of investors who wish to remain free of the taxman in their home countries. The banking industry opposes the regulation, as does the Federal Deposit Insurance Corp. (FDIC). But Treasury is pushing ahead anyway.

 The greatest irony, though, may not be that such a move would be made as the economy is struggling to regain its footing, but that it is the Bush Treasury Department that is going forward with a Clinton-era proposal in spite of significant opposition from conservatives.

 Three days before Bill Clinton left office, his Treasury Department issued a regulation on which it had dragged its feet for well over a year: requiring banks to report interest income earned by "nonresident aliens" — government-speak for foreigners who don't live in the United States. The Clinton administration likely waited until the last minute because it viewed the idea as controversial given how much money is at stake. Estimates vary, but it seems clear that foreign individuals and corporations have at least $1 trillion deposited in U.S. banks.

 It's not just the banking industry, though, that believes the reporting requirement could drive away billions in investment dollars. In a letter to Treasury earlier this year, FDIC Chairman Donald Powell wrote that the proposed regulation could harm the banking industry, "particularly smaller institutions whose survival is dependent on stable sources of deposits." Mr. Powell's letter also expressed the concern that the extra red tape could be an onerous burden for banks. [Link to full op-ed below:]

August 14, 2003, The Washington Times, by Joel Mowbray, A taxing Treasury proposal
http://www.washtimes.com/op-ed/20030813-091813-8115r.htm

 

4) Ways and Means Chairman Introduces International Tax Reform Bill

The U.S.'s economic performance is hampered by high tax rates, punitive over-taxation of capital, and needless complexity. The tax code is making it very difficult for U.S.-based companies to compete in global markets. The corporate tax rate in the United States is much too high, and the damage is compounded by taxing income of U.S. taxpayers earn in other countries.

In the long run, the only way to solve these problems is corporate rate reduction and territorial taxation. But there are some intermediate steps that can help. Chairman Thomas' legislation would improve the competitiveness of U.S.-based companies by simplifying international tax rules and making it easier for companies to defer the U.S. tax burden on income earned outside America's borders. Below is more detailed information on the proposed bill.

Link to information on the legislation:
http://waysandmeans.house.gov/Links.asp?section=691

August 1, 2003, Dow Jones, By Rob Wells, US Rep Thomas' Corporate Tax Bill Has Net $128 Billion Cost
http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20030801/bs_dowjones/200 308011753000955

July 28, 2003, Tax-News.com, by Mike Godfrey, Bill Thomas Proposes Tax Cut For Small Firms
http://www.tax-news.com/asp/story/story.asp?storyname=12766

July 25, 2003, Dow Jones, By Rob Wells, US Rep Thomas Unveils Major Corporate Tax Bill
http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/20030725/bs_dowjones/200 307251656000797

 

5) CF&P's Panama Conference is a Success

[Excerpt]

On July 15, tax competition experts talked public policy and international economics before an audience of admiralty lawyers. It was a seminar at the Colegio de Abogados, hosted by the Panamanian Maritime Law Association and co-sponsored by the Center for Freedom and Prosperity (CFP). The night's invited guests included Jill Keohane, the in-house lawyer for the Liberian International Ship and Corporate Registry, a syndicated columnist named Joel Mowbray, the Center for Freedom and Prosperity's Andrew Quinlan and Dr. Daniel J. Mitchell and Juan Felipe Pitty C., the president of the Panamanian Maritime Law Association.

This was an occasion to condemn the Organization for Economic Cooperation and Development (OECD, an international organization mainly composed of industrialized countries) and the European Union over policies that arguably run counter to Panama's interests. The OECD, largely at the behest of European countries, has a "Harmful Tax Competition Initiative" that would blacklist countries deemed "tax havens." Moreover, within the OECD and the International Maritime Organization, there are proposals for changes in ship registry laws which would discourage ship owners from using Panamanian or Liberian flags.

"The OECD is trying to force all countries to share information... to everybody to pay tax back to their home countries," Quinlan explained. He detailed the history of the Center for Freedom and Prosperity, a small think tank and lobbying outfit spun off from the larger American conservative movement and specializing in international tax issues. [Link to full article below:]

July 15, 2003, The Panama News, by Eric Jackson, Tax and registry competition praised in lawyers' forum
http://www.thepanamanews.com/pn/v_09/issue_14/business_01.html

Additional Article:

July 23, 2003, LawAndTax-News.com, by Mike Godfrey, CFP Holds Forum In Panama To Discuss Shipping, Tax Law
http://www.tax-news.com/asp/story/story.asp?storyname=12708

 

6) CF&P Attacks IRS Interest Reporting Rule at Senate Hearing

[Excerpt from Tax-News.com]

Andrew F. Quinlan, President of Washington-based think tank the Center for Freedom and Prosperity, last week addressed the Senate Finance Committee Hearing on "An Examination of US Tax Policy and Its Effect on the Domestic and International Competitiveness of US- Based Operations":

Mr Quinlan concentrated his remarks on indirect investment into the US, specifically attacking the IRS's proposals to require banks to report interest income paid to foreign nationals to their home tax authorities.

' US banks and financial institutions benefit greatly from the bank deposits of nonresident aliens,' said Mr Quinlan. 'These deposits, in turn, benefit every American by helping to create jobs, finance small business loans and improve the general welfare of all. For decades, United States lawmakers have understood the importance of attracting capital to America, which is why Congress has chosen not to tax the interest paid on bank deposits of nonresident aliens and, the further step, of not reporting this deposit income to their home governments.'

Telling the hearing that 76 individual members of Congress had denounced the proposed regulation, Mr Quinlan gave ten reasons why it should be withdrawn: [Link to full article below:]

July 10, 2003, Tax-News.com, by Mike Godfrey, CFP Attacks IRS Interest Reporting Rule At Senate Hearing
http://www.tax-news.com/asp/story/story.asp?storyname=12563

 

7) The Gil Hyatt Persecution -- Taxing Times in California: The depths to which his California has fallen.

[Excerpt]

Stories of taxpayer abuse at the hands of the IRS were once so common as to be clich้, but Gil Hyatt recently discovered that California's state taxing authorities can be even nastier. On April 22, the Supreme Court rewarded his persistence, unanimously declaring that his lawsuit against California for harassment, trespassing, extortion, and violation of privacy could move forward. This was good news, of course, for Hyatt, but it was also very good news for Californians, who will now get to see clearly how state employees are using state power to harass, intimidate, and abuse the very taxpayers they are sworn to protect and who just happen to pay their salaries.

The Court's involvement came about because of California's obscenely high income taxes. Gil Hyatt, a wealthy and successful inventor-entrepreneur, felt forced to leave high-income-tax California for no-income-tax Nevada. Rather than confront the reality that California's taxes were driving away the state's tax base, California proceeded to assert that Hyatt never left.

The Supreme Court said that the state of Nevada was not required under Article IV of the Constitution to give full faith and credit to California's law providing broad legal immunity to its state taxing authority, the California Franchise Tax Board. Ordinarily, such legal gobbledygook would be of interest only to scholars of constitutional law, but the practical consequences could be much more important. According to U.S. Congressman Christopher Cox (R., CA), California "lost this case on the law. If there is any justice, Mr. Hyatt will win his lawsuit on both the law and the merits." Indeed, the lawsuit which will now go forward against the Franchise Tax Board could shed light on unseemly and extortionate practices by California's taxing authority that are driving law-abiding taxpayers out of the state. [Link to full article below:]

July 16, 2003, National Review Online, By Iain Murray, Taxing Times in California: The depths to which his California has fallen.
http://www.nationalreview.com/comment/comment-murray071603.asp

 

8) George Will:  A Botched Constitution

[Excerpt]

However in one particular, all of Europe is, relative to the United States, remarkably young, meaning naive and inexperienced regarding the writing of a constitution. The handiwork of the 105 members of the convention which, led by former French President Valery Giscard d'Estaing, drafted the document for 16 months reflects a failure to grasp what a proper constitution does and does not do.

A proper constitution distributes power among legislative, executive and judicial institutions so that the will of the majority can be measured, expressed in policy and, for the protection of minorities, somewhat limited. A proper constitution does not give canonical status, as rights elevated beyond debate, to the policy preferences of the moment.

But that is what the proposed European Union constitution, with more than 400 articles, does. Americans know what controversies, and what license for judicial aggrandizement and for self-aggrandizement by the federal government, have been found in constitutional guarantees of "equal protection of the laws," "due process of law" and the power to regulate "interstate commerce." Imagine what fiats the European Union can issue to subordinated member nations regarding the proposed constitution's many rights and other garantees.

Children, the draft constitution says, shall have the right "to express their views freely." The constitution's proscription of discrimination based on birth causes Iain Murray, writing for National Review Online, to wonder what that means for the seven nations that are monarchies. And the sentiment that "preventive action should be taken" to protect the environment is unexceptionable, but what in the name of James Madison is it doing in a constitution? [Link to full article below:]

July 27, 2003, The Washington Post, by George F. Will, A Botched Constitution
http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A48 554-2003Jul25&notFound=true

 

9) Cato Institute's William Niskanen compares the US Constitution to that proposed for the European Union

[Excerpt]

Europeans will soon consider a proposed constitution for the European Union that is very different from the U.S. Constitution. The United States is the oldest and largest surviving constitutional republic -- a nation that has experienced a larger increase in area, population, and income; absorbing people of more diverse racial, ethnic, and language backgrounds than any other contemporary nation. So Europeans are well advised to understand and consider those characteristics of the U.S. Constitution that provided the political and legal framework for the American success story.

Several characteristics of the U.S. Constitution have contributed to its relative success and survival as a body of foundation law. The preamble, for example, describes the objectives of the Constitution in only 52 words of forceful, declaratory, and quite general prose, which, by itself, provides no authority for any specific political decision. The main text, in only seven articles, describes the powers authorized to the several branches of government and the powers denied to the federal government or the states as few, brief, and well defined. All residual powers are reserved to the states. And the Bill of Rights, with one exception, is a list of the rights of individuals against the state, not a list of claims by individuals on services to be provided by the state; the one exception is the right to a trial by jury. All residual rights are reserved to the people.

The proposed EU constitution is very different in several dimensions. The preamble goes on and on for 293 words to describe the shared values and objectives of the Union; this is wholly unnecessary and sure to provoke continued controversy. One sentence alone, for example, commits the Union to "work for a Europe of sustainable development based on balanced economic growth, with a social market economy aiming at full employment and social progress," a sentence that includes at least five ambiguous terms. [Link to full article below:]

August 4, 2003, Tech Central Station Europe, by William Niskanen, A More Perfect Union
http://www.techcentralstation.be/2051/wrapper.jsp?PID=2051-100&CID=2051-080403M

 

10) Tax-News.com: EU Savings Tax Directive Just The Start Warns Academic

[Excerpt]

According to an academic from the Centre for European Studies, the offshore sector will continue to face pressure from the European Union over tax for many years to come, and the wave of legislation and regulations from Brussels will not stop with the recently agreed Savings Tax Directive.

Speaking at a recent Euromoney seminar in London, Mattias Levin, a research fellow at the Centre, told delegates: "Taxation increasingly stands out as a major obstacle to a full realisation of internal markets in the EU. Therefore the little tax action that we have seen so far- mainly in the form of the tax package- is only the start."

Levin continued: "More will come. Whether it will be in the form of extending the scope of the savings tax directive or whether it will be some form of corporate tax harmonisation, remains to be seen. But I think it's fairly safe to say that more tax measures are likely to emanate from the EU."

According to the IoM Online, which reported on the conference, Levin also observed that there has been increasing competition from onshore jurisdictions over the last decade, as their governments have introduced more efficient regulations and introduced tax incentives.

"Offshore centres face a harsher environment. Their traditional competitive advantages have been dented and the emerging international and EU framework means they have less freedom to manoeuvre," Mr Levin told delegates.  [Link to full article beloe:]

July 17, 2003, Tax-News.com, by Jason Gorringe, EU Savings Tax Directive Just The Start Warns Academic
http://www.tax-news.com/asp/story/story.asp?storyname=12646

Additional EU articles:

July 28, 2003, LawAndTax-News.com, by Robin Pilgrim, Former Guernsey Politician Slams Lack Of Level Playing Field
http://www.tax-news.com/asp/story/story.asp?storyname=12758

July 23, 2003, LawAndTax-News.com, by Ulrika Lomas, EC Finds 'Harmful' Tax Practices In New EU Entrants
http://www.tax-news.com/asp/story/story.asp?storyname=12717

July 22, 2003, LawAndTax-News.com, by Ulrika Lomas, Ireland Will Fight To Keep National Tax Veto
http://www.tax-news.com/asp/story/story.asp?storyname=12698

July 10, 2003, LawAndTax-News.com, by Ulrika Lomas, Italy To Push For EU Treaty On Taxation
http://www.tax-news.com/asp/story/story.asp?storyname=12567

 

11) Andrew Stuttaford: Bullying Berlusconi: Why they hate him

As Silvio Berlusconi has now discovered, publicly comparing a German politician to a concentration-camp guard is a really, really dumb idea, but the row that has followed has been out of all proportion to one very bad-tempered remark. With something approaching relish, Europe's grandees are citing this gaffe as another reminder that the Italian premier is not up to the supposedly immense responsibilities of the presidency of the EU council. Of course, critics of Berlusconi claim to have more to their case than one stupid joke. They grumble about his unpredictability, his imperiousness, and the way that he is said to use his extensive media holdings to influence the democratic process.

Above all, they point to Berlusconi's continuing legal problems as evidence that he is unfit to represent that city on a hill, the Europe of Chirac, Schroeder, and the Common Agricultural Policy. Berlusconi's difficulties with the law — a tawdry, and seemingly endless, cycle of convictions, acquittals on appeal, and courtroom maneuvering — aren't pretty, to put it mildly, but they have to be seen in the context of a country where politically motivated prosecutions are far from unknown. What's more, they relate back to a period when Italy had yet to emerge from the grip of a political class so corrupt that, for many businessmen, the payment of bribes had become an inevitable, if unwelcome, part of everyday life.

Besides, it's not as if Berlusconi went around beating people up. That distinction is reserved for German foreign minister Joschka Fischer. These days he's a darling of the EU's elite despite (or, perhaps, partly because of) his extremist past. Back in the late 1960s and early 1970s, Fischer was part of a radical Left that was all too prepared to cross the line that divides legitimate protest from outright political violence. In 1973, Fischer took part in the brutal beating of a young policeman at a riot in Frankfurt. That moment of 'revolutionary struggle' was caught on camera, but most of his activities in those years remain clouded in somewhat sinister mystery. To take one example, after initial denials (attributed to 'forgetfulness') we now know that Fischer attended a 1969 PLO Conference in Algiers that passed a resolution calling for the extinction of the state of Israel. Fischer was there — an ugly place to be for a German less than twenty-five years after Auschwitz, and a gesture far more 'insensitive' than Berlusconi's ill-judged insult.

Ancient history, you say? Well, let's take a look at Lionel Jospin, a man widely respected across the EU for his "integrity." He was France's prime minister until last year, and the Socialist contender in that country's presidential elections — until he was beaten into third place by a neo-fascist (and people call Italy's politics a disgrace?). At about the time young Joschka Fischer was beating up a policeman young Jospin was an activist in a revolutionary Trotskyite group known as OCI. A youthful mistake? Perhaps, except that it was a youthful mistake that Jospin was to continue making into middle age. He maintained discreet links with OCI for another two decades. Jospin has said that he has no need to feel "red-faced" about his red past, but, strangely, he never chose to mention it to the electorate. Lionel's affection for Leon (a mass murderer, lest we forget) was only discovered a few years ago — after Jospin had become prime minister). [Link to full article below:]

July 22, 2003, National Review Online, by Andrew Stuttaford, Bullying Berlusconi: Why they hate him.
http://www.nationalreview.com/stuttaford/stuttaford072203.asp

 

12) Michael Novak: Anti-American European? Read this!

[Excerpt]

To my dear friends in Europe:

America used to be a young country, but we are grown up now, and it's perfectly all right to hate us, and certainly to tell us where we are wrong.

We may even learn a thing or two from what you say, and set about our favorite project, self-improvement. America is a place where every life is unfinished until death, and we treat our country the same way. It's always being "born again." What it was in the Clinton years, it is no longer in the Bush years. All too soon, in 2005 or 2009 under a new president, it will be born again.

So keep your criticism coming. We will use it to get better, and stronger, and probably richer.

Do you remember 15 years ago (just as the Reagan administration was concluding) reading the excited reviewers in Europe of all those American books and articles about America's "decline," "imperial overstretch" (Paul Kennedy), and imminent fall into becoming a colony of Japan (William Pfaff)?

None of those predictions happened to come true. In fact, it was Japan that declined, and also Europe, while America's per-capita income grew from $14,400 to $29,451. The size of our defense budget was cut by nearly half as a percentage of GDP, but the technology and personal skills of our armed forces grew by quantum leaps between 1991 and today. [Link to full article below:]

July 30, 2003, National Review Online, by Michael Novak, Anti-American European? Read this!
http://www.nationalreview.com/novak/novak073003.asp

** A second column by Michael Novak on the European Community:

July 24, 2003, National Review Online, by Michael Novak, North Atlantic Community, European Community: Part II: What is causing the recent cleavages?
http://www.nationalreview.com/novak/novak072403.asp

 

13) Dan Mitchell to Speak at Two Caribbean Conferences on the OECD and Tax Competition – Nevis and Anguilla

Following up on the three previous tax competition conference sponsored by the Center for Freedom and Prosperity in Latin America and the Caribbean (BVI, Cayman Islands and Panama), Dr. Dan Mitchell of the Heritage Foundation and co-founder of CF&P will be a featured speaker at two conference later this summer.  The first, the International Financial Services Industry Conference will be held on the beautiful island of Nevis from August 28 to 29 at Four Seasons Resort. Please contact the Nevis Financial Services Development & Marketing Department at nevismarketing@caribsurf.com if interested in attending.

Dr. Mitchell will also present a paper entitled, "The Battle for Tax Competition, Fiscal Sovereignty and Financial Privacy" to the Anguilla Financial Services Association on Monday, September 1. The speech will take place at the Anguillian Teachers' Resource Center beginning at 9am and Dr. Mitchell will field questions from attendees.  Please contact the Financial Services Department of the Government of Anguilla for more information (anguillafsd@anguillanet.com).

 

14) Jeremy Slater: When Efficiency Is Bad

[Excerpt]

With one hand they giveth and with the other they taketh away -- and so it is with taxes in the European Union.

Recently the German government announced it would lighten the very heavy tax burden on its citizens starting at the beginning of next year. There were hurrahs from those who think that, unlike death, taxes might be avoidable; but these will become groans once folks find out they will simply end up paying taxes in a different form.

The German package aims to cut the government's tax take by some €18 billion. Chancellor Gerhard Schr๖der will face a struggle to get the rest of his cabinet to agree to these changes as various departments try to defend their budgets. Perhaps his strongest weapon is that he has the support of Finance Minister Hans Eichel.

However, even if the whole government gets on board the effort to revive Germany's sluggish economy through tax and other reforms it faces potentially significant opposition from, of all places, Brussels. Already there have been warnings from the European Commission to Germany about the dangers of overshooting the 3 percent public spending limit enshrined in the EU's stability and growth pact.

"The German government should not count on the support of the Commission if their budget proposals are not compatible with the fiscal rules," said Pedro Solbes, the monetary affairs commissioner. He also suggested that the chances of a German economic revival would be improved if Berlin were to tackle health care and pensions reform rather than give money back to the people. [Link to full article below:]

July 9, 2003, Tech Central Station Europe, by Jeremy Slater, When Efficiency Is Bad
http://www.techcentralstation.be/2051/wrapper.jsp?PID=2051-100&CID=2051-070903N

 

15) Dan Mitchell:  A New Call for a Flat Tax

Streaming Video: Dan Mitchell's PBS Commentary and CNN interview on the worldwide explosion of the flat tax. When will the U.S. get in line?

July 21, 2003, Public Broadcasting Service, Dan Mitchell's PBS Commentary on the Flat Tax
http://www.Townhall.com/audio/CONTENT/on_tv/Dan_Mitchell_PBS_7_21_03.ram

CNN: Abolishing the IRS, Starting a flat tax in the U.S. (8/2/03)
http://www.townhall.com/audio/CONTENT/on_tv/Dan_Mitchell_CNN_8_2_03.ram

 

16) Bush Offers Morella a Ticket to Paris: White House to Nominate GOP Veteran for OECD Ambassador

[Excerpt]

Constance A. Morella's 16 years in the House of Representatives ended on a bitter note last year -- her Montgomery County district carved up by Democrats in Annapolis, her seat lost in a narrow and expensive defeat to state Sen. Chris Van Hollen.

Yesterday, the White House handed the GOP veteran a job that may take some of the sting out of 2002. And it comes with an apartment in Paris. President Bush announced that he will nominate Morella to serve as ambassador to the Organization for Economic Cooperation and Development. [Link to full article below:]

July 12, 2003, Washington Post, By Brigid Schulte, Bush Offers Morella a Ticket to Paris: White House to Nominate GOP Veteran for Economic Ambassador
http://www.washingtonpost.com/ac2/wp-dyn?pagename=article&node=&contentId=A45 568-2003Jul11&notFound=true

May 16, 2003, National Review Online, by Joel Mowbray, Calling on Connie: The White House looks toward a liberal ex-congresswoman to fill post
http://www.nationalreview.com/mowbray/mowbray051603.asp

 

17) IRS Abuse Reports prepared for the United States Congress

The following information is from the Neo-Tech.com web site:

Warning: These IRS Abuse Reports start mildly and slowly. After a while, these reports build into such a crescendo of sickening horror, criminal destructiveness, and unbearable evil that a sedative may be required to read them all.
[Link:
http://www.neo-tech.com/irs-class-action/1.html]

 

18) CF&P Clips

August 12, 2003, The Recorder, by Jason Hoppin, ABA Delegates OK Changes in Confidentiality
http://www.law.com/jsp/article.jsp?id=1059980449338

August 12, 2003, National Post, by Andrew McIntosh, Judge orders Ottawa to pay $70M: Treatment of company is called shocking - internal e-mail advised 'sink the suckers'
http://www.nationalpost.com/home/story.html?id=C6691B2D-9CA7-4A3E-B8E3-91FE73DF CAB7

August 7, 2003, Investors Offshore.com, by Philip Morton, Cayman Chamber Of Commerce Urges Government To Follow UK's Lead Over KYC
http://www.tax-news.com/asp/story/story.asp?storyname=12901

August 1, 2003, Wired News, By Joanna Glasner, Patriot Act Legal Attacks Pile Up
http://www.wired.com/news/business/0,1367,59863,00.html

July 31, 2003, Washington Post, By Dan Eggen, Seizure of Business Records Is Challenged: ACLU and Arab American Groups File Lawsuit Over Element of USA Patriot Act
http://www.washingtonpost.com/wp-dyn/articles/A4699-2003Jul30.html

July 30, 2003, Fox News, House Lawmakers Limit Scope of Patriot Act Powers
http://www.foxnews.com/story/0,2933,93141,00.html

July 30, 2003, CNN, by Kevin Bohn, ACLU files lawsuit against Patriot Act
http://www.cnn.com/2003/LAW/07/30/patriot.act/index.html

July 24, 2003, The Washington Times, By Richard W. Rahn, Real problem is not the deficit
http://www.washingtontimes.com/commentary/20030723-093904-6478r.htm

Jul 24th 2003, The Economist, Secret affair: Regulators turn their attention to the selling of mutual funds
http://www.economist.com/finance/displayStory.cfm?story_id=1944254

July 24, 2003, MonetLaundering.com, Executives blame rigid regulation for plunge in foreign investment
http://www.moneylaundering.com/news.htm#42

July 21, 2003, USA Today, By Edward Iwata, Has hunt for corporate criminals gone too far?
http://www.usatoday.com/money/companies/regulation/2003-07-21-corpcrime_x.htm

July 18, 2003, The Washington Times, By Richard W. Rahn, Regulations that inhibit hiring
http://www.washingtontimes.com/commentary/20030717-081242-1839r.htm

July 16, 2003, LewRockwell.com, by Paul Boytinck, Death and Taxes – Can the Congress Kill a Pernicious Tax?
http://www.lewrockwell.com/orig4/boytinck1.html

July 14, 2003, The Guardian, by Ken Messere, Freedom to tax remains secure
http://www.guardian.co.uk/business/story/0,3604,997496,00.html

July-August 2003, Legal Affairs, By Brendan I. Koerner, Your Cellphone is a Homing Device: Don't want the government to know where you are? Throw away your cell, stop taking the subway, and pay the toll in cash.
http://www.legalaffairs.org/issues/July-August-2003/feature_koerner_julaug03.html

May 12, 2003, The Telegraph, UK's tax lead under threat
http://www.telegraph.co.uk/money/main.jhtml?grid=M3&menuId=244&menuItemId=2864 &xml=%2Fmoney%2F2003%2F05%2F12%2Fcbtax12.xml

April 2003, Milken Institute, By James Barth, Donald McCarthy, Triphon Phumiwasana, Susanne Trimbath and Glenn Yago, Global Capital Access Index 2003: Governance And Growth: The European Challenge
http://www.milkeninstitute.org/pdf/cai_2003.pdf

 

Best regards,

Andrew Quinlan
Center for Freedom and Prosperity
President
202-285-0244
quinlan@freedomandprosperity.org
www.freedomandprosperity.org

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