Contact Information:

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

CF&P E-Mail Update, September 3, 2002

Center for Freedom and Prosperity's E-mail Update

1) Washington Update: Driving a Stake Through the Heart of Tax Harmonization

2) CF&P Strategic Memo Hails Defeat of EU Savings Tax Cartel

3) CF&P Continues Campaign Against Illegal IRS Regulation

4) CF&P Press Release: Coalition Applauds Thomas' International Tax Reform Proposal: Urges Chairman to Drop Inversion Moratorium and Tax Increase on Foreign Companies' U.S. Operations

5) Mitchell: Editorial Blasts IRS Regulation

6) Financial Times: LEX Column -- Corporate inversions

7) ITIO's & STEP's Study Shows Hypocrisy of the O.E.C.D.

8) Thompson asks that No Corporate Inversion Amendments Be Added to FY 2003 Appropriations Bills

9) Bush Administration Warned about the Pitfalls of the Proposed European Union Value-Added Tax on Digital Goods

10) Rep. Istook Introduces Tax Bill to Help Investors

11) CSE: It's the Tax Code, Stupid: American companies are fleeing a corporate tax code that is too high and anti-business

12) Economic Freedom Leads to Prosperity

13) John Berlau: Tax-Code Trauma

14) CF&P Clips

 

1) Washington Update: Driving a Stake Through the Heart of Tax Harmonization

For the last two years CF&P has been working with many of our friends to educate and influence lawmakers and policymakers in Washington on why tax competition is beneficial for the U.S. and other free-market countries. We think our efforts have had an enormous impact. To use a sports metaphor, we are in the closing minutes of our game and we can taste victory.  CF&P pledges to continue to work hard to make sure our opponents are unable to resuscitate the EU Savings Directive. We are determined to derail the new proposed IRS regulation. And we will fight to reform America's uncompetitive international tax law and fight to preserve the right to expatriate if politicians do not make needed reforms. But we need your help. Speak out against these proposals and let your elected officials know where you stand.

Regards, AQ

NOTE: My e-mail files were lost. Please contact me if you have an outstanding request with me (i.e. meeting, phone call, interview, article request, etc. . .). Thank you.

 

2) CF&P Strategic Memo Hails Defeat of EU Savings Tax Cartel

The most recent CF&P Strategic Memo provides an up-to-date explanation of the political infighting that led the America's rejection of the EU Savings Tax Directive. The Center will vigorously work to ensure that Treasury and IRS bureaucrats do not undermine the White House's correct decision. [Link to full memo below:]
http://www.freedomandprosperity.org/memos/m08-26-02/m08-26-02.shtml

News Clips:

August 28, 2002, Tax-News.com, by Mike Godfrey, CFP Reaction To US Information Sharing Plans Mixed
http://www.tax-news.com/asp/story/story.asp?storyname=9203

August 12, 2002, Tax-News.com, by Mike Godfrey, Taxpayers' Union Director Attacks EU Information-Sharing Regime
http://www.tax-news.com/asp/story/story.asp?storyname=9046

July 20, 2002, Financial Times, by Luis Suarez-Villa, Letters To The Editor: Wrong way to tackle EU's tax evaders
http://www.freedomandprosperity.org/Articles/ft07-20-02/ft07-20-02.shtml

 

3) CF&P Continues Campaign Against Illegal IRS Regulation

The IRS's new regulation is old garbage in a new wrapper. The only difference between the new regulation and the original regulation is that the new regulation targets 15 specific countries. But even this difference is meaningless since the IRS is already hinting that the rest of the world's countries will be added to the list within two or three years. CF&P was a leader in killing the Clinton regulation and we will work just as hard over the next few months to knock-off its mutant sibling.

We are determined to win, especially since the EU bureaucrats will try to mischaracterize the IRS regulation as a sign of support for the Savings Tax Directive (by claiming it is an "equivalent measure"). The EU is making this claim, even though Kenneth Dam, Deputy U.S. Treasury Secretary, sent a letter July 31 to the European Union and stated: "There is no linkage with the EU Savings Directive and our actions should not be considered to anticipate the outcome of the technical discussions regarding the proposed EU Savings Directive that we agreed in May should continue. Indeed, any suggestion that our action here anticipates eventual support for the proposed EU Savings Directive could adversely affect the technical-level discussions."

While we think it is good that Mr. Dam made these comments and denied linkage, we notice that the Treasury Department bureaucrats who drafted the letter made it appear that the United States was still considering the Savings Tax Directive. Yet as the Strategic Memo mentioned above explains, the White House already has rejected the ill-advised proposal. This is why the Center's continuing work is so important.

Important Links:

Letter from U.S. Treasury to the European Union, July 31, 2002
http://www.freedomandprosperity.org/treasury-eu.pdf

CF&P Dedicated Web Page: Dump the IRS Info Sharing Reg
http://www.freedomandprosperity.org/update/irsreg/irsreg.shtml

Coalition Rejects "Clinton-Lite" IRS Regulation; Urges Administration to Rein in Treasury Bureaucracy
http://www.freedomandprosperity.org/press/p08-05-02/p08-05-02.shtml

August 6, 2002, The Bureau of National Affairs, Criticism Continues for Narrowed Proposal On Nonresident Alien Interest Reporting
http://www.freedomandprosperity.org/Articles/bna08-06-02/bna08-06-02.shtml

August 1, 2002, Tax-News.com, by Mike Godfrey, US Treasury Warms Over Clinton-Era Bank Interest Tax Rules
http://www.tax-news.com/asp/story/story.asp?storyname=8951

August 20, 2002, The Jersey Evening Post, by Christine Herbert, Island hit by US tax blow
http://www.freedomandprosperity.org/Articles/jep08-20-02/jep08-20-02.shtml

August 21, 2002, Tax-News.com, by Jason Gorringe, Jersey's Finance Centre Disappointed By US Tax Compromise
http://www.tax-news.com/asp/story/story.asp?storyname=9147

 

4) CF&P Press Release: Coalition Applauds Thomas' International Tax Reform Proposal: Urges Chairman to Drop Inversion Moratorium and Tax Increase on Foreign Companies' U.S. Operations

[Excerpt:]
The Center for Freedom and Prosperity, joined by more than 30 of the country's largest and most influential free-market groups, applauded Rep. Bill Thomas, Chairman of the House Ways and Means Committee, for trying to fix the provisions of the tax code that make it difficult for U.S.-based companies to compete in international markets. In a letter sent to the Chairman today, the members of the Coalition for Tax Competition also urged Chairman Thomas to reconsider two of the major provisions in his bill (H.R. 5095) to simplify international taxes -- the punitive inversion moratorium and the tax increase on foreign-based companies that invest in the U.S. economy. {link to full press release below:]

August 29, 2002, CF&P Press Release: Coalition Applauds Thomas' International Tax Reform Proposal: Urges Chairman to Drop Inversion Moratorium and Tax Increase on Foreign Companies' U.S. Operations
http://www.freedomandprosperity.org/press/p08-29-02/p08-29-02.shtml

Coalition letter to Chairman Thomas:
http://www.freedomandprosperity.org/ltr/ctc4/ctc4.shtml

News Clips:

August 30, 2002, Tax-News.com, US Organisations' Critique Of Bill Thomas's Tax Proposals
http://www.tax-news.com/asp/story/story.asp?storyname=9238

 

5) Mitchell: Editorial Blasts IRS Regulation

[Excerpt]
Treasury Secretary Paul O'Neill has spent a lot of time traveling the world lately, following his well-publicized trip to Africa with visits to nations such as Brazil, Uruguay and Argentina.

But perhaps he should spend more time at home. In particular, he needs to provide some adult supervision at the Internal Revenue Service, which seems intent on enhancing its bad reputation.

Its heavy-handed tactics and disregard for civil liberties are so legendary . . .

. . . The most recent IRS outrage is a proposed regulation that would require U.S. banks to report how much interest they pay depositors from 15 nations, including France and Germany. But this attack on financial privacy is completely unnecessary: The IRS admits this information isn't needed to enforce U.S. tax law and is being requested solely for the benefit of foreign governments.

It's clear, though, that the regulation could cause significant damage. For instance, it would: Make it harder for Americans to get loans Hurt American financial markets Disregard existing law Hinder tax reform [Link to full article below:]

August 20, 2002, The Washington Times, by Daniel J. Mitchell, IRS at play while O'Neill is away
http://www.washtimes.com/commentary/20020820-25550868.htm

Additional News Clips:

August 21, 2002, , Tax-News.com, by Jason Gorringe, Jersey's Finance Centre Disappointed By US Tax Compromise
http://www.tax-news.com/asp/story/story.asp?storyname=9147

August 2, 2002, South Florida Business Journal, by Jim Freer, Lobbyists help get Latin America a tax exclusion
http://www.bizjournals.com/southflorida/stories/2002/08/05/story8.html

 

6) Financial Times: LEX Column -- Corporate inversions

[Excerpt]
Stanley Works, the Connecticut-based toolmaker, is probably sensible to drop its plan to reincorporate in Bermuda. The political backlash against "unpatriotic" companies threatens considerable harm. Congress wants to ban Bermuda-based companies from government contracts and congressmen are queueing up with amendments to the tax code to punish US companies incorporating offshore, and those already there - including two of Stanley's competitors. Moreover, with investors wary of the exotic, this is not good timing for "corporate inversions".

But the notion that it is unpatriotic for companies to minimise their tax bills is nonsense, and invoking September 11 in this context is shameful. The US is one of a handful of countries that taxes the overseas profits of domestic companies. Companies serving their shareholders have a legitimate interest in incorporating abroad and Bermuda-based companies still pay taxes on profits from their US operations. Tax competition should encourage the US to modernise its corporate taxation.

Moreover, for Stanley to give up a plan that could have saved it Dollars 30m a year in taxes has implications for the company's shareholders, employees and customers. Anyone who does not understand that individuals, not companies, pay taxes needs a basic economics class. Politicians should stop demonising companies that incorporate offshore. If not, Delaware politicians should start to worry. It is not because of the weather and the Wilmington civic centre that half the companies listed on the New York Stock Exchange are incorporated in one state.

August 3, 2002, Financial Times, LEX COLUMN: Corporate inversions
http://www.freedomandprosperity.org/Articles/ft08-03-02/ft08-03-02.shtml

Additional Inversion Clips:

August 27, 2002, The Royal Gazette, By Magnus Henagulph, Patriot' tax controversy: Tax debate flares in US again
http://www.theroyalgazette.com/apps/pbcs.dll/article?Date=20020827&Category=BUSIN ESS&ArtNo=108270036&Ref=AR

August 26, 2002, The Royal Gazette, These loopholes are much misunderstood, by James Paul Sabo
http://www.theroyalgazette.com/apps/pbcs.dll/article?Date=20020826&Category=BUSIN ESS&ArtNo=108260034&Ref=AR

August 21, 2002, Washington Post, by Jonathan Weisman, Patriotism Raining On Tax Paradise: Lawmakers Are Chafing at Firms That Exist Offshore Only on Paper
http://www.washingtonpost.com/wp-dyn/articles/A42032-2002Aug20.html

August 21, 2002, The Royal Gazette, by Cathy Duffy, Why Stanley Works is no loss to Bermuda
http://www.theroyalgazette.com/apps/pbcs.dll/article?Date=20020812&Category=BUSIN ESS&ArtNo=108120008&Ref=AR

August 18, 2002, United Press International, By James C. Bennett, Anglosphere: Regulatory arbitrage
http://www.upi.com/view.cfm?StoryID=20020817-113751-5609r

August 13, 2002, The New York Times, By David Cay Johnston, Officials Of 14 States Pledge Protection Of Pension Assets
http://www.nytimes.com/2002/08/13/business/13HAVE.html

August 12, 2002, Tax-News.com, by Mike Godfrey, US Pension Funds May Shun Companies That Move Offshore
http://www.tax-news.com/asp/story/story.asp?storyname=9048

August 12, 2002, National Center For Policy Analysis, Preventing Corporate Inversions Isn't Congress's Business 
http://www.ncpa.org/iss/tax/2002/pd081202b.html

August 12, 2002, The Washington Times, by Bruce Bartlett, Fueling flight of the inversions
http://www.washtimes.com/commentary/20020812-11591704.htm

August 10, 2002, The New York Times, By Alison Mitchell, Companies Use Ex-Lawmakers in Fight on Offshore Tax Break
http://www.nytimes.com/2002/08/10/politics/10LOBB.html?ex=1029982775&ei=1&en=d2f 41f70bad13e04

August 9, 2002, Tax-News.com, by Mike Godfrey, US States Target Tax-Avoiding Corporations
http://www.tax-news.com/asp/story/story.asp?storyname=9035

August 7, 2002, The News-Press (Fort Myers, FL), Dixie Sunshine:  Corporations voting against taxes
http://www.news-press.com/news/today/020807dixie.html

August 8, 2002, Business Week Online, By Diane Brady, COMMENTARY:  The Hidden Perils of Offshore Tax Havens
http://www.businessweek.com/bwdaily/dnflash/aug2002/nf2002088_9533.htm

 

7) ITIO's & STEP's Study Shows Hypocrisy of the O.E.C.D.

A new study warns that, by overlooking its own member states, the Organization for Economic Cooperation and Development (OECD) is failing to tackle effectively the use of corporate entities for illicit purposes. The study also finds that the OECD Report could significantly undermine the position of the offshore centers and jeopardize personal privacy.

The study, Towards a Level Playing Field reveals that, by focusing on finance centers in smaller and developing countries, the OECD is ignoring potential problems in much larger OECD finance centers and corporate domiciles. OECD countries control most of the global trade in financial services for non-residents.

The OECD produced a Report entitled "Behind the Corporate Veil: Using Corporate Entities for Illicit Purposes" in late 2001, proposing mechanisms to track beneficial ownership and control information for corporate vehicles (broadly defined to include trusts and partnerships).  OECD's goal is to ensure that such information is available to countries wishing to scrutinize the financial affairs of their citizens. The OECD Report focuses on "offshore" jurisdictions, despite the fact that such jurisdictions did not participate in drafting the Report.

International law firm Stikeman Elliott authored a response entitled "Towards a Level Playing Field" for the International Tax and Investment Organization (ITIO), a grouping of offshore governments, and the Society of Trust and Estate Practitioners (STEP) to respond to OECD. Stikeman Elliott prepared a series of tables, appearing in the appendices, which show that OECD member countries now significantly lag the offshore centers in their regulatory regimes. The Stikeman Elliott report calls for a universal forum for consideration of enhanced regulation for international financial centers, a level playing field and proper regard for personal privacy.

FATF has relied heavily on OECD's research in their "Consultation Paper on the Review of the FATF Forty Recommendations".  OECD is also using their Report as a foundation for their own work in this area. Without comment to correct the skewed view of OECD (i.e. which protects the commercial sensitivities of their own member states) the OECD Report could significantly undermine the position of the offshore centers and jeopardize personal privacy.  The ITIO has requested comments on the Stikeman Elliott report linked below. [A link to a press release and report can be found on the ITIO's web page: http://www.itio.org/]

News Clip:

August 7, 2002, Tax-News.com, STEP and ITIO Issue Study Critical of OECD

http://www.tax-news.com/asp/story/story.asp?storyname=9005

 

8) Thompson asks that No Corporate Inversion Amendments Be Added to FY 2003 Appropriations Bills

Senate Committee on Governmental Affairs Ranking Member Fred Thompson (R-Tenn.) Letter to Senate Appropriations Committee Chairman Robert Byrd (D-W. Va.) and Ranking Member Ted Stevens (R-Alaska) Asking that No Corporate Inversion Amendments Be Added to FY 2003 Appropriations Bills. [Link to full letter below:]
http://www.freedomandprosperity.org/ltr/thompson/thompson.shtml

[Excerpt from letter]
Just last month the Senate Finance Committee passed legislation that would impose strong tax penalties on U.S. companies who move offshore. While targeted tax provisions to address the issue may be appropriate, penalizing companies by prohibiting them from doing Federal government contracting will not benefit the United States Government and its citizens.

Denying a company the ability to be awarded Federal contracts based solely on its location represents a significant change in Federal procurements policy and counteracts years of work to streamline the Federal acquisition process so that the U.S. Government and its citizens receive the best return on their investment. If we begin to use Federal contracts as leverage against potential contractors, the system will inevitably become highly politicized and the goal of attaining the best value on contracts will no longer be a priority.

I am also very concerned about banning companies from Federal work who incorporated offshore for legitimate business seasons prior to legislation being passed. A procurement "debarment" is a serious sanction, reserved for egregious conduct, such as fraud or criminal offences in connection with obtaining or performing a public contract.

 

9) Bush Administration Warned about the Pitfalls of the Proposed European Union Value-Added Tax on Digital Goods

Letter by House Energy and Commerce Subcommittee on Commerce, Trade and Consumer Protection Members to Treasury Secretary Paul O' Neill, U.S. Trade Representative Robert Zoellick, and Commerce Secretary Donald Evans Regarding Proposed European Union Value-Added Tax on Digital Goods. [Link to full letter below:]
http://www.freedomandprosperity.org/ltr/stearns/stearns.shtml

[Excerpt from letter]
Just last month the Senate Finance Committee passed legislation that would impose strong tax penalties on U.S. companies who move offshore. While targeted tax provisions to address the issue may be appropriate, penalizing companies by prohibiting them from doing Federal government contracting will not benefit the United States Government and its citizens.

Denying a company the ability to be awarded Federal contracts based solely on its location represents a significant change in Federal procurements policy and counteracts years of work to streamline the Federal acquisition process so that the U.S. Government and its citizens receive the best return on their investment. If we begin to use Federal contracts as leverage against potential contractors, the system will inevitably become highly politicized and the goal of attaining the best value on contracts will no longer be a priority.

I am also very concerned about banning companies from Federal work who incorporated offshore for legitimate business seasons prior to legislation being passed. A procurement "debarment" is a serious sanction, reserved for egregious conduct, such as fraud or criminal offences in connection with obtaining or performing a public contract.

 

10) Rep. Istook Introduces Tax Bill to Help Investors

Congressman Ernest Istook (R-OK introduced a bill to reduce the tax bias against American investors. The bill would increase the deductibility of capital losses from $3,000 to $20,000 per year. . . "This bill will provide immediate relief to those Americans hit hardest by the market downturn," said Istook. "Instead of waiting 8 or 10 years, families can start recovering now. It also helps keep investors from being discouraged. Long-term, investing in America is good for individuals and good for our country. We don't want the short-term losses in times like this to discourage people from continuing to invest in whatever they think is most prudent." Link to full announcement below:
http://www.house.gov/istook/rel-taxbill.htm

 

11) CSE: It's the Tax Code, Stupid: American companies are fleeing a corporate tax code that is too high and anti-business

[Excerpt]
Riding high on the nation's moral indignation over corporate malfeasance, politicians have turned to bullying corporations and interfering with perfectly legal business decisions. The coming elections have fueled the anti-corporate rhetoric as politicians attempt to outdo one another with "get tough on corporate America" proposals that ignore underlying economic problems in a quixotic search for a government quick fix to boost stock prices. While new mandates will do little to address an overvalued stock market or bring more foreign investors into the market, they can hamper the ability of American companies to compete in a global market.

Just recently, Stanley Works, the American toolmaker, was cowed into abandoning a plan to re-incorporate in Bermuda in order to reduce its tax liability. There is nothing illegal about this; in fact, Stanley Works' rivals had already done so, leaving the company at a serious competitive disadvantage. The move was not a threat to American jobs, because the company's factories and actual headquarters in the United States would not be affected. If anything, the political push to quash the move poses a real threat to the long-term viability of the company and the jobs it creates. The more fundamental problem lies in the U.S. tax code and its treatment of business in a global economy. It is complex, unfair, and generates benefits for some while hurting others.

If politicians were truly concerned about economic growth rather than re-election, they would focus on this larger problem that poses a significant threat to economic growth. The federal tax code is arcane and riddled with loopholes and special interest clauses for favored constituents. It has become burdensome and incomprehensible. No one in Congress can understand the totality of the tax code, and this is just as true for the business world. The complexity invites creative accounting, as businesses divert resources away from productive activities and toward efforts to minimize their tax burden. The tax code's thousands of pages leave many gray areas, and tax lawyers and accountants are paid handsomely to mine these areas for loopholes and exemptions. [Link to full article below:}

August 7, 2002, Citizens for a Sound Economy, By:  Wayne T. Brough, Ph.D., It's the Tax Code, Stupid: American companies are fleeing a corporate tax code that is too high and anti-business.
http://www.cse.org/informed/issues_template.php/1066.htm

 

12) Economic Freedom Leads to Prosperity

Study shows that economic freedom and the resulting economic prosperity, not oppressive government taxation and regulation, represent the best hope for the poor and the environment alike.

[Excerpt]
A new study, co-authored by James Gwartney and myself [Robert A. Lawson], was recently released by a consortium of think tanks (including the Cato Institute in the U.S.). This publication, "Economic Freedom of the World: 2002 Annual Report," presents an economic-freedom index for 123 countries. Based on 37 data components drawn from a multitude of sources, this index measures the degree to which nations are pursing policies consistent with economic freedom or market capitalism. To score highly on this index, a nation should have low government spending and taxes, sound property rights and legal system, sound money, liberal trade policies, and few government regulations. Economic freedom means that each individual plays the primary role in his economic life, not the government or a central plan.

The most economically free nation in the world remains Hong Kong, followed by Singapore and the United States. The rankings of other major economies are the United Kingdom (4th), Canada (8th), Germany (15th), Japan (24th), Taiwan (30th), France (38th), Mexico (66th), and India (73rd). Most of the lowest-ranked nations are in Africa and Latin America. Botswana has the best record for an African nation, tied for 38th with six other nations including France and South Korea. Chile, with the best record in Latin America, was tied with three other nations at 15th. Three former communist countries are in the bottom 10: Russia (116th), Ukraine (119th), and Romania (114th) all did worse than communist China (101st). Data for North Korea and Cuba are not available.

The study also shows that economic freedom is strongly linked with both higher levels of income and faster rates of economic growth. The people living in the top one-fifth of the most free countries enjoy an average income of $23,450 and a growth rate in the 1990s of 2.56% per year; in contrast, the bottom one-fifth in the rankings had an average income of just $2,556 and a -0.85% growth rate in the 1990s.

July 12, 2002, National Review Online, by Robert A. Lawson, The Safety Net of Freedom: Better to be poor in a rich country, than poor in a poor one.
http://www.nationalreview.com/nrof_comment/comment-lawson071202.asp

 

13) John Berlau: Tax-Code Trauma

[Excerpt]
In the wake of the Enron and WorldCom accounting scandals, President George W. Bush and lawmakers are demanding transparency on balance sheets and financial statements. The Senate just passed a bill sponsored by Banking Committee Chairman Paul Sarbanes (D-Md.) loaded with new regulations and increased criminal penalties while increasing the power of trial lawyers to sue for real and alleged misconduct. Much of it is likely to survive the conference with the Republican House, and Bush is expected to sign whatever comes to his desk.

But some experts say no matter how many new regulations are passed, or how many penalties are imposed, accounting for corporate transactions will remain all but completely opaque because of the incredible complexity and burdensomeness of the U.S. tax code.

"Because the corporate income tax is so complicated, companies are forced to go to the Pricewaterhouses to help them set up complicated structures to minimize their taxes," says Chris Edwards, director of fiscal-policy studies at the libertarian Cato Institute and former senior economist at the congressional Joint Economic Committee. "The way companies structure themselves around the world with various tiers of subsidiaries of subsidiaries of subsidiaries and partnerships, and this sort of thing, is because the tax code drives them to do that to minimize their taxation, and that makes it very difficult for investors to figure out how a company is structured." [Link to full story below:]

July 22, 2002, Insight on the News Magazine, By John Berlau, Tax-Code Trauma
http://www.insightmag.com/main.cfm?include=detail&storyid=258763

 

14) CF&P Clips

September 2, 2002, Tax-News.com, , by Ulrika Lomas, The WTO Approves Proposed EU Sanctions Against US
http://www.tax-news.com/asp/story/story.asp?storyname=9253

September 2002, Ashcroft Watch,  Nat Hentoff, The Terror of Pre-Crime
http://www.progressive.org/sept02/hen0902.html

August 30, 2002, Associated Pres, By Naomi Koppel, WTO Allows EU's Sanctions on U.S.
http://www.washingtonpost.com/wp-dyn/articles/A17209-2002Aug30.html

August 29, 2002, The New York Times, IRS Wants Wider Credit Card Probe
http://www.nytimes.com/aponline/national/AP-Tax-Havens.html

August 27, 2002, Star Tribune, By Shira Kantor, Federal government's bookkeeping needs fixing, too
http://www.startribune.com/stories/587/3191036.html

August 26, 2002, Insight Magazine, By Kelly Patricia O'Meara, Losing the War for Civil Liberties
http://www.insightmag.com/main.cfm/include/detail/storyid/262278.html

August 21, 2002, Tax-News.com, by Mike Godfrey, US Retailers Up In Arms About EU Digital VAT Plan
http://www.tax-news.com/asp/story/story.asp?storyname=9150

August 20, 2002, The Guardian, by Richard Norton-Taylor and Stuart Millar, Privacy fear over plan to store email: EU wants data retained to help fight against crime
http://www.guardian.co.uk/uk_news/story/0,3604,777526,00.html

August 19, 2002, Tax-News.com, by Mike Godfrey, IRS Seeks Access To More Records In Offshore Credit Card Probe
http://www.tax-news.com/asp/story/story.asp?storyname=9111

August 19, 2002, The Washington Times, by Bruce Bartlett, Addressing the tax increase bias
http://www.washtimes.com/commentary/20020819-82083936.htm

August 14, 2002, Tax-News.com, by Robert Lee, CNI Chief Accuses EU Enlargement Commissioner Of 'Blackmail'
http://www.tax-news.com/asp/story/story.asp?storyname=9074

August 14, 2002, The Washington Times, By Richard W. Rahn, Punishment with widening ripples
http://www.washtimes.com/commentary/20020814-8716330.htm

August 14, 2002, The Washington Times, By Ben Barber, U.S. accuses EU of jawboning nations
http://www.washtimes.com/world/20020814-227510.htm

August, 14, 2002, BBC News, OECD: What is it and what does it do?
http://news.bbc.co.uk/1/hi/business/92719.stm

August 13, 2002, Tech Central Station, by James K. Glassman, Buy Europe or Bye Europe?
http://www.techcentralstation.be/2051/wrapper.jsp?PID=2051-100&CID=2051-081302A

August 12, 2002, Tax-News.com, by Jason Gorringe, UK Appoints New Minister For The Channel Islands
http://www.tax-news.com/asp/story/story.asp?storyname=9042

August 12, 2002, The Christian Science Monitor, By Abraham McLaughlin, States raise taxes and boost fees to fill gaps: Worst budget woes in 10 years bring hikes in such things as 'sin' taxes and car fees.
http://www.csmonitor.com/2002/0812/p02s02-usec.html

August 9, 2002, Tax-News.com, by Mike Godfrey, US States Target Tax-Avoiding Corporations
http://www.tax-news.com/asp/story/story.asp?storyname=9035

August 7, 2002, Wired.com, By Eliot Borin, Feds Open 'Total' Tech Spy System
http://www.wired.com/news/conflict/0,2100,54342,00.html

August 6, 2002, The Washington Times, by Richard W. Rahn, Pursuit of economic literacy

http://www.washtimes.com/commentary/20020806-20185124.htm

July 26, 2002, The Washington Times, By Richard W. Rahn, Outside view: Good numbers, bad standards
http://www.washtimes.com/upi-breaking/20020715-055901-2332r.htm

June 26, 2002, Cato Policy Analysis No. 443, by Timothy Lynch, Breaking the Vicious Cycle Preserving Our Liberties While Fighting Terrorism
http://www.cato.org/pubs/pas/pa-443es.html

 

Best regards,

Andrew Quinlan
Center for Freedom and Prosperity
President
202-285-0244
208-728-9639 (efax)
quinlan@freedomandprosperity.org
www.freedomandprosperity.org
__________________________

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