For a decade now the Sovereign Society has been pleased to join officially with the Center for Freedom and Prosperity in the CFP-sponsored "Coalition for Tax Competition."
Led by CFP president, Andrew Quinlan, and by Daniel J. Mitchell of the Cato Institute, this valuable group has managed to blunt the attacks on financial freedom and personal privacy, as well as slow the leftist campaigns against offshore financial centers.
By constantly keeping the world informed of the high tax plans and freedom-destroying policies of the political left, CFP has done liberty-loving people everywhere a great service.
It is no exaggeration to credit the CFP with winning significant legislative and policy victories when the Republicans led the U.S. Congress and during the tenure of the Bush administration.
This Week in London
As my readers know, I have explained in detail what is coming this Thursday, April 2nd, when the G-20 countries convene for a one day meeting in London. At this much heralded gathering of the leaders of 20 countries, many headed by decidedly big government/high tax advocates, one of the promised results is a threatened blacklist of tax havens.
Fever Pitch Assaults
As Andy Quinlan points out in a memo circulated today: "The assault against low-tax jurisdictions is reaching a fever pitch. The Paris-based OECD is agitating for a new blacklist. The G-20 meeting this week is targeting the so-called tax havens. The American government is trying to bully Switzerland into weakening its human rights policy on financial privacy. And numerous congressional committees are holding hearings and developing ideas to persecute nations and territories with pro-growth tax policies."
Fortunately, Dan Mitchell, (left) who will be the keynote speaker at the Sovereign Society's Total Wealth Symposium in Bermuda, April 26 - 29, 2009, has just published an impressive and very informative paper describing the many challenges to offshore financial freedoms as they exist today and in the near future.
Entitled "Strategic Memorandum: Prospects for Tax Competition in 2009" I urge you to read and study it.
Obama Win Intensifies Offshore Attacks
Since the inauguration of Barack Obama as U.S. president, augmented by increased Democrat/leftist control of the U.S. Congress, the vicious attacks on financial freedom, international tax competition and offshore financial centers have not only multiplied in number, but also in intensity.
As Dan Mitchell says: "Low-tax jurisdictions are being attacked by several committees in the U.S. Congress. These so-called havens are being assaulted by international bureaucracies such as the Organization for Economic Cooperation and Development (OECD) and European Commission (EC). And they are being turned into scapegoats by the politicians meeting this week for the G-20 Summit. These events do not bode well for supporters of tax competition, fiscal sovereignty, and financial privacy."
If you haven't seen them yet, I also urge you to see the excellent CFP-produced videos about tax havens with Dan as narrator.
Good Fight Must Continue
Dan Mitchell's memo concludes: "Both in the U.S. and abroad, the battle to preserve and protect tax competition has become more challenging. But it was even more challenging ten years ago, when the international bureaucracies had first launched their offensives against low-tax jurisdictions. In 2000, for instance, three different blacklists were unveiled targeting low-tax jurisdictions. A global tax cartel seemed a foregone conclusion...
"Proponents of good policy therefore need to focus on creating as many roadblocks as possible on this modern-day version of the "Road to Serfdom.' The role of the Center for Freedom and Prosperity, along with its many allies in the Coalition for Tax Competition, will be more important than ever."
You Can Help
You can be certain the Sovereign Society will do its part, as will the Center for Freedom and Prosperity.
You can help too, by sending a generous contribution to the CFP that will help them continue their vital work.
The Sovereign Society is a recognized voice in the complex offshore world. Join the Sovereign Society and keep informed.
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