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Obama administration backs Congress tax haven crackdown
Breitbart ^ | 3/3/09 | Kevin Drawbaugh and Corbett Daly

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 ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: bho44; congress; haven; obama; tax

1 posted on 03/03/2009 10:15:31 PM PST by Nachum
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To: Nachum

Yes, have Geitner tell us all about tax evasion, he could be an expert at it.


2 posted on 03/03/2009 10:16:54 PM PST by wac3rd (In the end, we all are Conservative, some just need their lives jolted to realize that fact.)
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To: SumProVita; HardStarboard; BradyLS; Ernest_at_the_Beach; dervish; Twotone; Free ThinkerNY; ...
List, ping

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.
http://www.breitbart.com/index.php?category=3

Full list at www.nachumlist.com

3 posted on 03/03/2009 10:20:05 PM PST by Nachum (Documented Obama confusion)
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To: Nachum

Hopefully he starts with the DemonRAT Party!


4 posted on 03/03/2009 10:21:35 PM PST by NRA2BFree
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To: Nachum

http://www.reuters.com/article/politicsNews/idUSTRE52308020090304?feedType=RSS&feedName=politicsNews&rpc=22&sp=true


5 posted on 03/03/2009 10:26:11 PM PST by Nachum (Documented Obama confusion)
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To: Nachum

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.


6 posted on 03/03/2009 10:26:58 PM PST by Wolfhound777 (It's not our job to forgive them. Only God can do that. Our job is to arrange the meeting)
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To: Nachum

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.


7 posted on 03/03/2009 10:30:43 PM PST by sourcery (Obama Lied. The Economy Died!)
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To: Nachum
Gee, don't you think it's strange that the only rich folk with offshore tax havens are conservatives?

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"

8 posted on 03/03/2009 10:52:34 PM PST by R_Kangel (`.`)
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To: R_Kangel
Call me paranoid, but.....

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.

9 posted on 03/03/2009 10:56:52 PM PST by R_Kangel (`.`)
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To: Nachum

The Swiss need to call up their vaunted Militia. Intimidate Obama militarily. It works for the Russians.


10 posted on 03/03/2009 10:56:59 PM PST by Plutarch
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To: Nachum

If Obama would just crack down on tax-cheating Democrats he could reduce the deficit to nothing.


11 posted on 03/04/2009 12:18:02 AM PST by VeniVidiVici (Yes, Gorbachev is better than Obama. At least Gorbachev admitted he was a Communist)
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To: Nachum

how about just cutting business tax to about 10%. Their would be no need for tax havens. Do you think?


12 posted on 03/04/2009 4:34:10 AM PST by G-Man 1
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To: Nachum

I wonder when they plan to crack down on Democrats who don’t pay their taxes?


13 posted on 03/04/2009 4:35:02 AM PST by SumProVita (Cogito, ergo...Sum Pro Vita. (Modified DeCartes))
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To: Nachum

Imagine Obama Running down Tax Cheats, What a Joke.

He should start with his own administration.


14 posted on 03/04/2009 4:57:11 AM PST by chatham
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To: Wolfhound777

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.


15 posted on 03/04/2009 4:59:25 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: R_Kangel

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)


16 posted on 03/04/2009 5:05:02 AM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Nachum

I’ve tried pulling up your full list on both google and yahoo, and it won’t come up.


17 posted on 03/04/2009 6:24:09 AM PST by sunny48
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To: sunny48

Just go to the website. It should come up now. wwww.nachumlist.com.

Please let me know if it does not come up. Thanks.


18 posted on 03/04/2009 6:45:27 AM PST by Nachum (Documented Obama confusion)
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To: sunny48

http://nachumlist.com/


19 posted on 03/04/2009 6:46:14 AM PST by Nachum (Documented Obama confusion)
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To: G-Man 1
how about just cutting business tax to about 10%. Their would be no need for tax havens. Do you think?

I'd go for that.

20 posted on 03/04/2009 6:47:24 AM PST by Nachum (Documented Obama confusion)
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To: Wolfhound777
I hope Switzerland tells them to F off.

Part of taking advantage of the economic crisis is to use it to wage economic warfare.

21 posted on 03/04/2009 6:55:17 AM PST by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: longtermmemmory

“[and obama wants to eat capitalism pie]”

He can eat Hereford pies for all I care :-)


22 posted on 03/04/2009 8:08:48 AM PST by TexasRepublic (I am inconsolate over the death of our country.)
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To: Nachum

Thank you so much, I have it now.


23 posted on 03/04/2009 8:39:18 AM PST by sunny48
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To: Nachum

Where does Ted Kennedy keep his money?


24 posted on 03/04/2009 8:41:43 AM PST by bmwcyle (Obama voters, your 401 K's are dead. Now what?)
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