Skip to comments.Obama administration backs Congress tax haven crackdown
Posted on 03/03/2009 10:15:31 PM PST by Nachum
WASHINGTON (Reuters) - The Obama administration on Tuesday endorsed legislation to crack down on offshore tax havens, raising the stakes in a showdown between the United States and bank-secrecy nations such as Switzerland.
The endorsement came from U.S. Treasury Secretary Timothy Geithner at a congressional hearing where he was asked about the wide-ranging tax haven bills unveiled on Monday in both the Senate and the House of Representatives.
(Excerpt) Read more at reuters.com ...
Yes, have Geitner tell us all about tax evasion, he could be an expert at it.
Obama's 6th week in office
The Obama administration on Tuesday endorsed legislation to crack down on offshore tax havens, raising the stakes in a showdown between the United States and bank-secrecy nations such as Switzerland.
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Hopefully he starts with the DemonRAT Party!
What a joke. This has nothing to do with tax evasion and everything to do with Government wanting control over every aspect of its citizens money. They have no Constitutional authority to dictate where US citizens hold their private property or money as long as they declare it. They are witch hunting without any evidence of tax evasion what so ever and expect sovereign nations to thwart their own laws to help these blood sucking vampires get lucky on a few hapless Americans. I hope Switzerland tells them to F off. The hell with symbolic tea partys, we need a real and permanent one.
The ability of the US to compel cooperation from other governments on issues such as this is dissipating with every dollar it needs to borrow from foreigners.
OK, I'm just preparing for when we actually begin to see the list of perps that we will notice an obvious lack of any liberal denizens.
They will have the protection of the "O"
I can't help but think that they are actually trolling for some notable conservative names to show up in this catch net in a vain attempt to reel in certain voices of opposition.
The Swiss need to call up their vaunted Militia. Intimidate Obama militarily. It works for the Russians.
If Obama would just crack down on tax-cheating Democrats he could reduce the deficit to nothing.
how about just cutting business tax to about 10%. Their would be no need for tax havens. Do you think?
I wonder when they plan to crack down on Democrats who don’t pay their taxes?
Imagine Obama Running down Tax Cheats, What a Joke.
He should start with his own administration.
note how it is now 200k for individuals and 250k for couples where taxes will be increased.
Of course the tax increases strike in 2011
AFTER the election.
If those people who have any money left want to keep it, they had better donate to getting democrats OUT of congress.
Europe does not do double taxation for foreign income.
Obama is driving investments outside the USA INTENTIONALLY.
Remember in his eyes, Obama inherited the problem OF capitalism.
IOW the problem is a cookbook...
[and obama wants to eat capitalism pie]
(for those who know the outer limits)
I’ve tried pulling up your full list on both google and yahoo, and it won’t come up.
Just go to the website. It should come up now. wwww.nachumlist.com.
Please let me know if it does not come up. Thanks.
I'd go for that.