Lehman Bros., AIG, Merrill

Reader Comments
Back to blog

LEADERS PUBLISH NEW LIST OF TAX HAVENS IN LONDON.WHY DO WE NEED A CONVENTION TAX AGREEMENT?
I“The especially from France and Germany demanded crackdown on tax havens cannot be seen as a key action to tackle the economic recession but here is a urgend need for a tremendous amount of additional money in order to be able to deal with the financial market crisis” said Bahamas Consult directing manager Harald Fuhrmann at a today´s press meeting in Munic, Germany. “15 of 43 tax havens are located in the Caribbean and I wonder that countries like The Bahamas or the Cayman Islands thought that they should not be on the blacklist as they meet all of the OECD standards, but the reality is different”, stated the German who warns especially Americans about so many common (and costly) pitfalls in the Bahamas.
The Bahamas government moved proactively and expeditiously to protect the country´s dignity, national sovereignty, and general way of life but many Bahamian financial professionals and dishonest lawyer want to make the world believe that paying tax is not a moral obligation and never has been. Tax avoidance would be quite proper and keeps wasteful governments in check. But the only question was now will the Commonwealth of The Bahamas - also well known for human rights violation, copyright violation and a corrupt law system – on a black list, a grey list or a white list.
The world leaders agreed tax havens would face several sanctions if they would not comply with regulations being drawn up. Black listed are:
Costa Rica,
Malaysia,
Phillipines,
Uruguay.*
*removed from the black list at 3rd April, 2009
On the Grey list are the following Caribbean countries:
Anguilla,
Antigua and Barbuda,
Aruba,
Bahamas,
Barbados,
British Virgin Islands,
Cayman Islands,
Dominica,
Grenada,
Montserrat,
Netherlands Antilles,
St. Kitts and Nevis,
St. Lucia,
St. Vincent and the Grenadines,
Turks and Caicos.
Additional counries are:
Andorra,
Austria,
Bahrain
Belgium,
Belize,
Bermuda,
Brunei,
Chile,
Cook Islands,
Gibraltar,
Guatemala,
Liberia,
Liechtenstein,
Luxembourg,
Marshall Islands,
Monaco,
Nauru,
Niue,
Panama,
Samoa,
San Marino,
Singapore,
Switzerland,
Vanuatu.
Bahamas Consult criticizes the Bahamian tax system without income tax because it is made for the elite but the mass public has to suffer from very high duties for bread and butter. Fuhrmann wishes that Bahamians in generell can get more value for their money in the future “because this would finally cause less stealing, crime, corruption and killing”. The Bahamas as a very little island nation with only 320 000 inhabitants has also to make sure to improve its tourist product. This means there is a real necessity for better prices, higher quality service and friendlier attitudes if they want to meet the visitor´s expectations. Bahamas Consult criticizes that too many travellers are disappointed with vacation in The Bahamas

Harald Fuhrmann 11:49AM April 06, 2009

Surviving Black Monday: 9/15/08 & the months of financial crisis sure to follow – How will investors, homeowners and productive Americans in the private sector survive the tidal wave of collapsing investment markets, vanishing financial institutions like Merrill Lynch, Lehman, AIG, Freddie Mac, Fannie Mae, Washington Mutual? This nightmare on Wall Street combined with the real estate, mortgage and credit crisis threatens our homes, jobs and small businesses, investments and retirement plans.
On top of this, we have politicians of both parties claiming to have solutions when they don’t even know enough about the credit crisis, the dollar, the Federal Reserve, markets and complicated financial instruments to even talk intelligently about the problem or solutions.
Finally this is an election year and the only guarantee is Herbert Hoover Bush will be succeeded by presidential and congressional candidates of both parties who know nothing about business or Wall Street who have spent their careers feeding at the trough of tax revenues taken from working Americans.
Today, what should freedom loving, productive Americans do to defend their homes, retirement plans and investment security from the Wall Street establishment who have failed to provide us reasonable solutions and advice or the Washington bureaucrats who were supposed to protect us with regulatory oversight.
The answers may be found at the
FreedomFest World Economic Summit
Atlantis Resort, Paradise Island, Bahamas
January 28 - 31, 2009
http://www.freedomfest.com/wes/index.html
Ron Holland, FreedomFest
ron@freedomfest.com

Ron of NC 8:05PM September 15, 2008