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THE SOVEREIGN SOCIETY OFFSHORE A-LETTER
Your Link to Freedom, Prosperity & Privacy in the Offshore World
Friday, October 4, 2002 - Vol. 4 No. 102
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In This Issue:
* COMMENT: The Biology of Freedom
* OFFSHORE: Contract Curbs Cost. Fleeing Capital. OECD Attacked. EU-Swiss War Continues. Liechtenstein Opposition. Costa Rica Tax. No Panama TIEA. Help Your Expat Kids.
* WEALTH: Card Curbs. Expropriation. Latin Dollars. Pleased Investors. IRS ID Theft. UK Banks Swindled. Confiscation of Wealth.
* PRIVACY & RIGHTS: Ignorant Americans. No to Court. PC Privacy.
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* Our guest commentator today is John PUGSLEY, chairman of the Sovereign Society and noted author. Bob Bauman, Editor.
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* COMMENT:
Dear A-Letter Reader:
The Biology of Freedom
A recent ABCnews.com poll reports that 8 of 10 Americans feel that the government's anti-terrorism efforts are not intruding on their rights. Yet, history and science show the error in this thinking. For the past 150 years, the dominant belief about man's nature has been that the individual's values and behavior are almost totally shaped by environment and culture, rather than by heredity. It held that we are born "tabula rasa" - our experiences create our values.
The conclusion drawn from this premise was that malleable man could be taught to behave in whatever way the controlling political power chose. All that was necessary was for leaders with vision to design the perfect world, gain power, and impose their vision on the populace.
The 20th century provided the laboratory for testing these ideas. Hitler, Pol Pot, Mao Tse Tung and Castro were a few of the "visionaries" who imposed such designs on their nations. As their schemes were carried out, half the population of the world was reduced to poverty, and hundreds of millions of people were slaughtered in the name of creating a better world.
Social systems that require individuals to devote their lives to the good of the community are inconsistent with the biological nature of man. In fact, any systems that put power in the hands of "leaders" always fall prey to the selfish interests of those leaders.
Research in recent decades proves beyond a reasonable doubt that every person is genetically programmed to seek individual sovereignty. Communism, socialism and other communitarian ideologies are doomed to fail not only because they are bad economics -but also because our brains are hard-wired to "look out for number one."
The sovereign nation-state won't be overthrown by voting or by violence, but will simply wither away. Time and science are moving mankind inexorably towards a world in which individuals will be sovereign. As Sovereign A-letter readers, we are the vanguard.
That's the way that it looks from here.
John Pugsley, Chairman, The Sovereign Society Ltd.
* COMMENT LINK
* Only 1 in 5 thinks massive curbs on liberties affect them. LINK:
http://www.abcnews.go.com/sections/us/DailyNews/liberties_poll021001.html
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* OFFSHORE *
MAJOR CORPORATIONS HIT BY OFFSHORE CONTRACT BAN
WASHINGTON: US Congress curbs on government contracts with ex-US firms that re-incorporate offshore may cost four of them $2.7 billion +.
LINKS: http://www.forbes.com/markets/newswire/2002/10/02/rtr739406.htm
http://smartmoney.com/bn/ON/index.cfm?story=ON-20021003-000251-0815
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HIGH TAX POLICIES DRIVE CAPITAL OFFSHORE
Excellent essay on how US government policies are killing economic expansion and forcing needed capital investment offshore. Read this!
LINK: http://www.capitalismmagazine.com/2002/september/rs_th11.htm
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OFFSHORE PROFESSIONALS ATTACK O.E.C.D. STAND
LONDON: 8500 member Society of Trust & Estates Practitioners (STEP) challenge OECD claims against offshore tax havens. LINK:
http://www.accountancymag.co.uk/DisplayFullNewsItem.asp?ItemKey=4804&SectionKey=
* Summary of US official opposition to the EU savings tax directive. LINK:
http://www.accountancymag.co.uk/DisplayFullNewsItem.asp?ItemKey=4772&SectionKey=
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E.U. BULLIES THREATEN SWITZERLAND ZURICH: More EU sanction threats over bank secrecy anger Swiss. LINKS:
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/
FullStory&c=StoryFT&cid=1031119823525
http://www.tax-news.com/asp/story/story.asp?storyname=9553
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LIECHTENSTEIN-U.S. MLAT OPPOSED VADUZ: Some Liechtenstein leaders object to possible privacy violations.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=9556
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COSTA RICA PLANS BIG TAX INCREASES SAN JOSE: Domestic and offshore businesses will be hard hit.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=9567
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PANAMA U.S TAX TREATY?
Our sources say negotiations between Panama and Washington are going
nowhere, but here's what a tax information exchange treaty might look like.
LINK: http://www.thepanamanews.com/pn/v_08/issue_17/business_01.html
* Big ships pinch Panama Canal revenues. LINK:
http://www.washingtonpost.com/wp-dyn/articles/A29899-2002Oct1.html
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MOVING OFFSHORE WITH CHILDREN?
How to help 'mini-expats' make the transition when your family moves.
LINK: http://www.expatica.com/hr.asp?pad=234,344,&item_id=25680
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* WEALTH *
NANNY U.S. CONGRESS RESTRICTS YOUR CREDIT CARDS WASHINGTON: The House votes to ban use of your credit card for Net gambling! What next, prohibition of cards for booze, cigarettes?
LINK: http://www.nytimes.com/2002/10/02/business/02GAMB.html
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U.S. WEAKENS OFFSHORE INVESTOR PROTECTION
Law change cuts protection against foreign expropriation. LINK:
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c
=StoryFT&cid=1031119814811
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DOLLARIZATION IN LATIN AMERICA SAN SALVADOR: El Salvador learns to love the greenback. LINK:
http://www.economist.com/world/la/displayStory.cfm?story_id=1357779
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SOUTH AFRICAN INVESTORS PLEASED JOHANNESBURG: Survey claims foreign investors satisfied. LINK:
http://www.bday.co.za/bday/content/direct/1,3523,1189652-6078-0,00.html
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IRS EMPLOYEE IMPRISONED FOR IDENTITY THEFT
Who can you trust? Not the IRS! LINK:
http://austin.bizjournals.com/austin/stories/2002/09/30/daily27.html
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BRITISH BANKS FALL PREY TO SWINDLERS LONDON: The Nigerian fraud rolls on.
LINK: http://www.africaonline.com/site/Articles/1,3,49881.jsp
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GOVERNMENT WEALTH CONFISCATION
It's as old as government itself, say Thomas Sowell.
LINK: http://www.capitalismmagazine.com/2002/october/ts_ploy.htm
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* PRIVACY & RIGHTS *
U.S. REJECTS ANY WORLD CRIMINAL COURT JURISDICTION
Government says it will not submit any Americans to new court. LINK:
http://www.economist.com/agenda/displayStory.cfm?story_id=1364860
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COMPUTER PRIVACY & SECURITY
Check out "Dewie the e-Turtle." He works for the government.
LINK: http://www.EnterpriseEconomy.com/tuccille/100202.html
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CATO WEB SITE WINS HIGH PRIZE
We often use LINKS to the Cato Institute web site; here's why.
LINK: http://www.cato.org/new/10-02/10-01-02r.html
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