----- Original Message ----- From: "Chris Burford" <cburford at gn.apc.org> To: <lbo-talk at lists.panix.com> Sent: Friday, May 11, 2001 11:43 PM Subject: Re: Tomothy McVeigh on Iraq
CB>> The US has just insulted other capitalist governments by walking out of the attempt by the OECD to control tax havens, declaring defiantly (which it was not been asked to endorse anyway) "The United States does not support efforts to dictate to any country what its own tax rates or tax system should be and will not participate in any initiative to harmonize world tax systems." ========= This is interesting. Do you have more info? The US is in a pickle over tax havens due to transfer pricing, drug money laundering from Latin America/Southern US etc. and tax breaks for exporters a la WTO. Putting an end to tax arbitrage by US MNC's is an enormous challenge so any info from Europe would be greatly appreciated.
Ian