Contact Information:

Center for
Freedom and Prosperity
 P.O. Box 10882
Alexandria, Virginia 22310-9998
Phone: 202-285-0244
Fax: 208-728-9639
                                            

CFP Update, 02-21-01

Center for Freedom and Prosperity's Weekly Update

1) CFP Paris Press Briefing/Open Forum
2) Treasury Secretary Signals Possible Shift in U.S. Position
3) Democrat Rep. Major Robert Owens Argues Against the OECD
4) Sen. Nickles' letter as reported by CFP last week:
5) CFP Update on OECD's Tokyo Regional Meeting
6) Make sure you contact the IRS with your disapproval of their new regulation [Reminder]óDeadline is Tuesday, February 27, 2001
7) CFP's Panama Trip (Two more articles)
8) CARICOM approves action plan for OECD'S campaign
9) Head of Caribbean Development Bank attacks OECD blacklists

 

1) CFP Paris Press Briefing/Open Forum

The Center for Freedom and Prosperity will be bring a delegation to Paris for the next OECD/non-OECD tax competition task force meeting, March 1 & 2. The Center will be holding a press briefing/open forum to discuss the OECD's "harmful" tax competition initiative on Wednesday, February 28. CFP will explain our position on the matter and we have invited the OECD to participate in a debate so as the media can see both sides of the issue.

Our briefing is being held at the offices of IES.  The Center would like to thank its president Jacques Garello, who is a professor of Economics in Aix-en-Provence, for allowing us the use of his offices.

Meeting Info:

The Center for Freedom and Prosperity
Press Briefing/Open Forum
"Tax Competition and the OECD"

CFP Delegation:
Andrew Quinlan, Center for Freedom and Prosperity
Veronique de Rugy, George Mason University
David Burton, Argus Group
Bradley Jansen, Free Congress Foundation

Date: Wednesday, February 28, 2001
Time: 4 p.m.

Place: Offices of IES
35 Avenue Mac-Mahon
75017 Paris
France
Tel: 011 33 1 43 80 85 17
Fax: 011 33 1 48 88 97 57

Please Note: The nearest subway stops are "Ternes" or "Charles de Gaulle Etoile"

If you are interested in attending the briefing or have any questions, please email me at paris@freedomandprosperity.org

FYI: I will be arriving Monday morning, February 26, and I will be available for meetings and press interviews.

 

2) Treasury Secretary Signals Possible Shift in U.S. Position

The attached Tax Notes International article indicates that the U.S. Treasury Department is re-evaluating American support for the OECD. Our conversations with Treasury officials have led us to believe that there are some grave concerns on the tax competition side of the equation. Unfortunately, the OECD has done a good job linking tax evasion and money laundering to their project. These two issues are a concern to many in America, and the Treasury Department is no different. Since the OECD's real agenda is a worldwide tax system with total information exchange, we believe that we can work with Treasury to stop this misguided policy.
(Full Story)

 

3) Democrat Rep. Major Robert Owens Argues Against the OECD

     In a surprising development, Democrat Representative Major Robert Owens (D - NY) has written a letter to Treasury Secretary Paul O'Neill complaining about US support for the OECD's campaign against offshore jurisdictions. Saying that "the OECD's attack on international tax competition undermines the ability of these nations to develop and/or maintain financial services industries", Major Owens asks Paul O'Neill to "re-examine American support for the OECD's anti-tax competition campaign".

Full Tax-News.Com Story     PDF Copy of Letter

 

4) Sen. Nickles' letter as reported by CFP last week:

Senate Assistant Majority Leader Don Nickles Asks Treasury Secretary O'Neill to Dump US Support for OECD Tax Competition Project

Senator Don Nickles comes out strongly against the OECD's attack on low-tax nations. Senator Nickles from Oklahoma serves as the Majority Whip and Assistant Majority Leader of the US Senate. Senator Nickles is second only to Majority Leader Trent Lott in the leadership of the Senate. Senator Nickles is an out spoken member of the Senate and one who others look to for leadership.  The senator also serves on the Finance, Budget, and Rules Committees.

Senator Nickles adds his voice to House Majority Leader Dick Armey who in September of last year was the first Member of Congress to speak out against the OECD's misguided project.

Full text of letter         PDF copy

 

5) CFP's Update on the OECD's Tokyo Regional Meeting

Even though I changed plans and did not attend the Tokyo OECD regional meeting, CFP did have a colleague of ours monitor the meetings for us. Our friend reports that the "OECD's attempt to bludgeon Pacific Island States into compliance with its unilateral tax demands met strong resistance in Tokyo."  The Pacific Island States also said "that any fair or reasonable discussion was only possible if the OECD withdraws its July deadline for 'naming and shaming' countries and imposing sanctions or counter-measures on Pacific Island States."  (Full Story)

 

6) Make sure you contact the IRS with your disapproval of their new regulation [Reminder] -- Deadline is Tuesday, February 27, 2001

The Center for Freedom and Prosperity has criticized a proposed IRS regulation that would require US financial institutions to report interest income received by nonresident aliens to foreign governments. Andrew Quinlan, the Center's President, condemned the agency, noting that, "Major changes in tax policy should be decided by elected officials, not bureaucrats seeking to advance an ideological agenda of worldwide taxation based on information exchange." (Full Story)

The Center is encouraging concerned individuals to register their disapproval during the public comment period. This can be done through the IRS website.

Here is the IRS's description of what they are doing:

Dan Mitchell's op-ed on the issue (Full Op-ed)

 

7) CFP's Panama Trip

The following are a few more stories on our Panama trip. We will be adding additional news articles to our web site as I receive them.

Headline:  Panama Will Not Sign Commitment With OECD: No to blank check demanded by world powers (Full Story)

Headline: If it agrees to OECD's changes Panama could lose its financial privacy: Dan Mitchell and Andrew Quinlan affirm the U.S. may withdraw support for interventionism in internal matters.
(Full Story)

8) CARICOM approves action plan for OECD'S campaign (Full Story)

9) Head of Caribbean Development Bank attacks OECD blacklists (Full Story)

 

Kind regards,

Andrew Quinlan
Center for Freedom and Prosperity
President
202-285-0244
603-971-9137 (efax)
quinlan@freedomandprosperity.org
ww.freedomandprosperity.org

 

 

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