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Keyword: expatriate

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  • Australia protests after expatriate flogged in Saudi Arabia (man flogged for wife's crime)

    03/05/2003 11:21:55 AM PST · by hotpotato · 9 replies · 525+ views
    UTUSAN Express ^ | March 5, 2003 | AFP
    Australia protests after expatriate flogged in Saudi Arabia SYDNEY March 5 - Australian Prime Minister John Howard lashed out Wednesday at Saudi Arabia's ``appallingly inhumane'' treatment of a middle-aged Melbourne man jailed and flogged for a crime he did not commit. Foreign affairs officials have already protested to Saudi Arabia about its treatment of hospital technician Robert Thomas, 55, who was arrested last June and jailed for a theft allegedly committed by his Filipina wife, Lorna. She denied a charge of stealing hospital equipment, but was convicted and, under Saudi Arabia's strict system of Islamic justice, Thomas was held to...
  • Bush co. went offshore

    08/02/2002 1:37:29 PM PDT · by Action-America · 100 replies · 418+ views
    DAILY NEWS WASHINGTON BUREAU ^ | 7/31/02 | TIMOTHY J. BURGER
    Bush co. went offshore Harken Energy set up Caymans subsidiary in '89 By TIMOTHY J. BURGER DAILY NEWS WASHINGTON BUREAU WASHINGTON - Harken Energy Corp. set up an offshore subsidiary in the Cayman Islands tax haven while President Bush sat on Harken's board of directors in 1989, the Daily News has learned. The revelation comes as Republican lawmakers are roundly criticizing the practice of U.S. companies setting up offshore subsidiaries, usually to skirt American disclosure laws or corporate income taxes on foreign income.Even White House spokesman Ari Fleischer condemned the tactic yesterday, saying, "The President is concerned about corporations in...
  • Congress Targets Tax Havens (Republicans Betray Their Principles - again)

    07/31/2002 7:38:31 PM PDT · by Action-America · 78 replies · 575+ views
    Washington Post ^ | July 30, 2002 | Juliet Eilperin and Jonathan Weisman
    <p>With major corporate responsibility legislation passed, elected officials are turning to a new target -- business tax evaders -- in a scramble to convince voters they are cracking down on corporate wrongdoing.</p> <p>Senate hearings today will touch on the topic, but House members got a head start last week. First, they overwhelmingly approved a corporate responsibility bill drafted largely by Senate Democrats. Then, while debating a less-noticed provision in the president's homeland security proposal, 110 Republican members defied their party's leaders to confront another brand of questionable corporate behavior: companies locating overseas to escape U.S. taxes.</p>
  • US Taxpatriates - Compiled by the Internal Revenue Service

    07/06/2002 7:39:09 PM PDT · by vannrox · 64 replies · 765+ views
    Action America ^ | FR Post 7-7-2 | Editorial Staff - John Gaver
    US Taxpatriates Compiled by the Internal Revenue ServiceThe following links are to the US Government's official lists of Taxpatriates, as compiled quarterly by the IRS, required under 26 USC 877(a)(1).  Under this law, the people on this list may be taxed for ten years after they renounced their citizenship.  Furthermore. under 8 USC 1182(a)(10)(E)), these persons may not be allowed back into the US for any reason.Even facing these penalties, wealthy US citizens continue to leave the US at an alarming rate.  The following lists show conclusively that the exodus of US citizens and their wealth is continuing.  What these lists...
  • Democrats Blast Firms Over Offshore Tax Breaks

    05/20/2002 2:54:57 AM PDT · by Action-America · 29 replies · 519+ views
    Reuters ^ | May 18, 2002 11:15 AM ET | Reuters
    This should be titled"Democrats Spread Lies About Expatriation" (Note:  I took the liberty of highlighting the BIG LIE in this article.) Democrats Blast Firms Over Offshore Tax BreaksMay 18, 2002 11:15 AM ETWASHINGTON (Reuters) - Democrats on Saturday said U.S. companies seeking to avoid paying millions of dollars in taxes by moving their headquarters to offshore tax havens were "unpatriotic" and called for legislation to stop the practice."The tax dodgers may set up paper headquarters in Bermuda, but they continue operating in the United States," said Rep. Jim Maloney of Connecticut in the weekly Democratic radio address."They still receive...
  • Cooper shareholders back shift to Bermuda

    05/17/2002 9:32:09 PM PDT · by Action-America · 9 replies · 287+ views
    Houston Chronicle ^ | May 15, 2002, 7:40AM | NELSON ANTOSH
    May 15, 2002, 7:40AM Cooper shareholders back shift to BermudaBy NELSON ANTOSH Copyright 2002 Houston Chronicle Note:  I highlighted certain words and phrases in bold for later reference. Shareholders of Cooper Industries, one of Houston's largest manufacturing companies, voted 9-to-1 Tuesday to change its place of incorporation from Ohio to Bermuda. With no remaining regulatory hurdles, Cooper expects to be a Bermuda company as soon as possible after the close of business May 21. Cooper is one of several Houston companies reincorporating in Bermuda or the Cayman Islands, primarily to save on income taxes. It is a $4.2 billion-per-year company...
  • Cooper OKs Bermuda Reincorporation

    05/16/2002 2:27:25 PM PDT · by Action-America · 26 replies · 353+ views
    Newsday ^ | May 14, 2002, 4:51 PM EDT | Associated Press
    Cooper OKs Bermuda Reincorporation HOUSTON (AP) - Shareholders of a Houston-based manufacturer of electrical products, tools and hardware voted Tuesday to reincorporate the company in Bermuda. Cooper Industries Inc., which is incorporated in Ohio, said the reincorporation offers strategic advantages not available under the company's current structure. Plans for the reincorporation first were announced in February after hand tool maker Danaher Corp. backed away from purchasing Cooper.Cooper counts Crescent wrenches and pliers among its brands.``This change will enhance Cooper's strategic flexibility and our reduced global tax position will significantly increase cash flow - enabling us to further strengthen our balance...
  • Enough is Enough

    05/10/2002 3:51:41 PM PDT · by Action-America · 41 replies · 488+ views
    Fox News ^ | Friday, May 10, 2002 | Neil Cavuto
    <p>So now Stanley Works wants to move to Bermuda. Fed up with spiraling taxes, the Connecticut toolmaker says it's had enough.</p> <p>And a lot of people are coming down hard on old Stanley, including Connecticut's attorney general, who got the company to hold off for now, pending a legal challenge. He's mad at old Stanley.</p>
  • Bad Tax Policy: You Can Run

    05/09/2002 1:14:57 PM PDT · by Action-America · 8 replies · 386+ views
    The Heritage Foundation ^ | 05/02/02 | Daniel J. Mitchell
    Distributed nationally on the Knight-Ridder Tribune wire Bad Tax Policy: You Can Run…By Daniel J. MitchellThe worst Supreme Court decision of all time? One of the leading candidates has to be the infamous 1857 Dred Scott decision, in which the Supreme Court ruled that slaves did not gain freedom by escaping to non-slave states. Instead, they were considered property and had to be returned to their "owners." Some U.S. companies soon may be treated in a similar manner, thanks to legislation being touted by Sens. Max Baucus, D-Mont., and Charles Grassley, R-Iowa. It all starts with the internal revenue...
  • Tax Reform, not Fiscal Protectionism, is the Right Response to Corporate Flight

    05/01/2002 4:58:23 PM PDT · by Action-America · 14 replies · 343+ views
    Center for Freedom and Prosperity ^ | March 12, 2002 | CFP Press Release
    For Immediate Release Tuesday, March 12, 2002202-285-0244 www.freedomandprosperity.orgTax Reform, not Fiscal Protectionism, is the Right Response to Corporate Flight: CFP Reiterates Call for Territorial Taxation Washington (March 12, 2002) – The Center for Freedom and Prosperity, the nation's leader in the fight for international tax competition, announced today that it will vigorously resist all legislation to restrict the freedom of companies to locate in jurisdictions that have more attractive tax and regulatory environments. Andrew Quinlan, President of the Center, remarked, "Fiscal protectionism is bad policy, and the Center for Freedom and Prosperity will oppose and work vigorously to defeat any legislation...
  • U.S. Companies Rush to Go Offshore

    04/29/2002 11:45:48 PM PDT · by Action-America · 11 replies · 386+ views
    Associated Press ^ | APRIL 26, 14:48 ET | Curt Anderson
    APRIL 26, 14:48 ET U.S. Companies Rush to Go OffshoreBy CURT ANDERSON AP Tax Writer WASHINGTON (AP) — US companies are scrambling to complete tax-cutting relocations of corporate headquarters to offshore sites as momentum builds in Congress to stop the trickle before it becomes a flood. AP/Al Behrman Workers at the Internal Revenue Service Center in Covington, Ky., sort many of the thousands of tax returns arriving at the center's mail room Monday, April 14, 1997. One company, Leucadia National Corp. — a New York-based holding company whose subsidiaries include Empire Group insurance, plastic manufacturing and American Investment Bank —...
  • Bermuda Straight Government greed is causing corporate flight.

    04/29/2002 12:57:30 PM PDT · by Action-America · 8 replies · 317+ views
    National Review ^ | April 18, 2002, 8:30 a.m. | Veronique de Rugy
    April 18, 2002, 8:30 a.m.Bermuda StraightGovernment greed is causing corporate flight. By Veronique de Rugy As an oppressed French taxpayer, I finally decided to move to the United States. No American ever blamed me for my move. And everyone I have met recognizes that this effort to improve my living standards does not mean I hate my home country. Yet when U.S. firms re-incorporate in low-tax jurisdictions like Bermuda because the U.S. internal revenue code kept them at a competitive disadvantage, we are told that it's because they are "greedy" and "unpatriotic." And politicians are trying to hinder competitive relocations...
  • Wake up America! (or "Can anything good come from Berkeley or ArabNews")

    04/13/2002 8:29:48 PM PDT · by tenger · 39 replies · 364+ views
    Arab News ^ | April 14, 2002 | Karen Grundhofer El-Kawa,
    At the risk of being labeled an extremist, I send you this list of undisputed facts regarding the history of Palestine. While I watch the American media distort the facts of what is going on recently in the occupied territories, I send you this information in the hope that you will re-evaluate your viewpoint and ask yourself the following questions: Why do UN resolutions only apply when the US wants them to? For example, we need to bomb Iraq because Saddam Hussein will not comply with the resolutions, while Israel can completely ignore the recently passed resolutions 1402 and 1403...