Blog

  • Obama Wins – Now the hard part begins….

    November 9, 2012
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    President Obama’s re-election is a vote for the status quo in Washington, with the likelihood of higher budget deficits, and more spending to reward political allies.   Although the US public voted for more social services, this demand can’t be met by taxing the rich alone.  US taxes will go up for individuals and for corporations to help pay for...

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  • To the New York Times: Stop Treating Cayman Different Than Paris

    October 30, 2012
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    The New York Times brings another article on Mitt Romney’s investments.   Although it is a more thorough analysis than before, it still fails to understand the basic tenants of US tax policy:  worldwide taxation on individuals, and deferred taxation on active businesses.   Investing abroad – whether it is in Paris or in Cayman – doesn’t save a US citizen...

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  • It’s only fair that when a Fact Checker starts down the right path, it is recognized

    September 28, 2012
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    In our last entry, we talked about how Fact Checkers often erroneously repeat “conventional wisdom” as truth.   So it’s only fair that when a Fact Checker starts down the right path, it is recognized. The Washington Post’s The Fact Checker column did an admirable job researching and discussing the Unrelated Business Income Tax (UBIT) and “blocker” corporations in a...

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  • Romney is Right – the Cayman Islands are not a Tax Haven

    September 7, 2012
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    The newest slant in the American media and blogosphere is to claim to be a “fact checker,” while inserting a partisan view of reality in the news.  Rating political candidates’ statements for truthfulness is worthwhile, but if bias and misinformation creeps in, the facts get lost. It’s no surprise that at both political conventions, Mitt Romney has been a...

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  • International Investment Is a Two-Way Street, Even for the United States

    August 29, 2012
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    President Obama, in announcing his Open Investment Policy in 2011, said: Investments by foreign-domiciled companies and investors create well-paid jobs, contribute to economic growth, boost productivity, and support American communities… Today, United States subsidiaries of foreign-domiciled companies employ more than 5 million Americans and provide above-average compensation.  These companies invest in innovation here in the United States, spending over...

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