Brazzil

Makes a lot more sense than the 54-cent tariff on Brasilian ethanol.

But quite amusing !

- Guess where is registered Cosan the Brasilian largest sugar & ethanol company !
- Guess where is registered Agrenco another Brasililan Company

Not in Delaware. Elsewhere ! Where ?

On Delaware :
America is looking what it can do against tax havens and offshore countries for their own citizens/companies.
- But certainly NOT against foreigners with accounts in the U.S banks.
While the U.S. criticze tax havens, Miami and N.Y. remains the favorite place for South Americans to smuggle their money.

- More laughable, a few weeks ago a U.S. official in a conference criticized the British Virgin Islands and asked "how is it possible 4000-5000 companies have the same adress in the same small building...in the BVI ?"

Full of common sense, in appearance.

Well, someone in the conference stood up to answer and said "Your question make sense, but then how is it possible 200'000 companies have the same adress in the same building...in DELAWARE ?"

True story !!!


Another Real fact :
"The study by the Government Accountability Office, expected to be released shortly, said two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, and about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.
Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate.
"It's shameful that so many corporations make big profits and pay nothing to support our country," said Sen. Byron Dorgan, D-N.D., who asked for the GAO study with Sen. Carl Levin, D-Mich.
An outside tax expert, Chris Edwards of the libertarian Cato Institute in Washington, said increasing numbers of limited liability corporations and so-called "S" corporations pay taxes under individual tax codes.
"Half of all business income in the United States now ends up going through the individual tax code," Edwards said.
The GAO study did not investigate why corporations weren't paying federal income taxes or corporate taxes and it did not identify any corporations by name. It said companies may escape paying such taxes due to operating losses or because of tax credits.
More than 38,000 foreign corporations had no tax liability in 2005 and 1.2 million U.S. companies paid no income tax, the GAO said. Combined, the companies had $2.5 trillion in sales. About 25 percent of the U.S. corporations not paying corporate taxes were considered large corporations, meaning they had at least $250 million in assets or $50 million in receipts.
The GAO said it analyzed data from the Internal Revenue Service, examining samples of corporate returns for the years 1998 through 2005. For 2005, for example, it reviewed 110,003 tax returns from among more than 1.2 million corporations doing business in the U.S.
Dorgan and Levin have complained about companies abusing transfer prices -- amounts charged on transactions between companies in a group, such as a parent and subsidiary. In some cases, multinational companies can manipulate transfer prices to shift income from higher to lower tax jurisdictions, cutting their tax liabilities. The GAO did not suggest which companies might be doing this.
"It's time for the big corporations to pay their fair share,"

And then guess what : the filthy Americans officials criticize ALL OTHER tax havens and offshore countries !!!!!
If you paid attention to the article's details....it states 1,2 millions U.S. companies and ("only") 38'000 foreign companies.
Nothing yet on INDIVIDUALS !!!!!!
Because the reality is that The USA offer NOT to report the wealth of people around the world who want to evade taxes in their own countries.
Or hide what they got through either corruption, or legal commissions but not reported.

Reality is that the USA envy and are jealous the many other countries do what the USA do...with as much succe$$$$$$$ !

The USA should think of creating the WTO-2 : World Tax Organization with headquarter either New York, Miami or Geneva/Switzerland already having the headquarters of the WTO-1 !!!!
Or why not Brasilia, the World Largest Capital With the Most Corruption !

Hmmmmmm !

I tried to catch you on another thread.
I would very much appreciated your opinion and otherwise advice on a way to prepare to capitalize on the coming "Amero"( if that is what they will in fact call it) the currency of the up and coming North American Union.

I´ve got a book here on how to incorporate in Delaware. It´s a few years old, but The Corporation Company exists to help people incorpórate in Delaware. Because of the ease, the tax laws, the requirements, etc.

As a matter of fact, one of the advantages of the USA over most countries is that it is a union of states. Traffic laws vary, drivers license requirements, tax base, business friendliness, may vary from state to state. Why would anyone incorporate a business in unfriendly California, my home state, if the nature of the business (internet sales for example) allowed him to incorporate in Nevada?

Idaho is much better than Washington State, which has a number of loony tree-huggers at the top levels of state government.

On Oregon´s south coast, you´ll pay more for property tax than a few miles south in California, but Oregon has no sales tax, and vehicle taxes are rock-bottom. So CA has special enforcement procedures in place to keep Californians from registering their cars in Oregon.

What the Delaware factor does is allow a person to incorporate easily and cheaply in cases where location doesn´t matter.

I had to laugh at some of your outrage at the US not reporting (to other countries)the deposit info on foreign citizens. Writing from Switzerland, how could you reference that without considering the hypocrisy?

A worse example of non-reporting was the failure of the Swiss to do anything about the trains of Jews crossing through Switzerland on their way to the gas chambers.

Except supply them with coal and water.

I'm just amazed by your ability to get so much information...
No joke! The criticism days are gone...
I'm also delighted by your ability in self-criticism (Swiss example)
My former critic stance has been transformed into open admiration!

On top of your writing being the most enjoyable to read ('cept for that of our dear Joao of course), you obiviously are quite intelligent as well. It took less than a couple of months for you to get over the raspishness of Ch's style to actually see past that and know there's a great deal of benefit / point on buried within his lines.

Ric, I liked your shorts on the other threads. Gave me some laughs I needed. THX bud. By the way, did I see someone use "discomfiture" in their post either here or over on the more or less dead site not too long back?

Guilty, but I don´t use that word in everyday conversation.

sknahT.

Hope you are safe and sound far away from Houston and the path of the hurricane. Tell us how things are there, when you have time. Keep safe and take care.

Hopefully you are safe and sound (I suspect you’re possibly wrapped up in your beloved scriptures right now).

Please keep us abreast of your whereabouts and overall condition... We care!

dnbaiacu
- On the Amero : well you have big problems, because the inflation rate
in Argentina is around 24 %, Venezuela closer to 25-30 %, Brazil 4-7 % range for the time being. On top Argentina is cheating by reporting only 8 % or so.
No harmony is the the base of failures.

Ric
On your details for the various U.S. states.
But so is Switzerland. There is competition between states for taxes.
There is even competition between municipalities....in the same state.
But some taxes or laws are National such as the VAT or the Banking Laws.

Joao
I understand your smiles, but let me explain you the base of the "World Taxation" :
- every country has tax laws on their residents
- every one is supposed to pay taxes as PER the laws..OF HIS country.

Now targeting Switerland or some other "similar countries" totalling around 60 against the total on earth of about 240 or so, always make laugh......BIG.
And believing the other 180 countries are better even makes ma laugh...MORE.


- everyone in the world can set up a Panama/BVI/Bahamas (many others more) company and open a Bank account in "clean" countries BANKS such as Germany, Brazil, France or U.S. bank and you are SHIELDED FROM YOUR OWN COUNTRY TAXES !!!!

Yesssss.....A German can hide his wealth by setting up a Panama company in a French Bank and have that company buy a Mansion in France, Spain, Brazil or the USA !
This is "clean & legal" business practices for France, Spain, Brazil and the USA tax & legal laws !
But.....but...but....not so for GERMANY !

CONCLUSION :
NO ONE CARES IF IT IS FOREIGN MONEY....UNLESS IT IS DRUG/ARM MONEY !

BETTER YET :
- The World Bank, ADB, AIDB, EIB, and most Supra National Agencies are BORROWING MONEY BY ISSUING BONDS using that "non declared OR declared" money worlwide.
IBM,HONEYWELL, LVMH, PARISBAS, BARCLAYS, UNILEVER, NESTLE, PETROBRAS etc...... ARE BORROWING MONEY..... THE SAME WAY !

Yessss I always smile when the "apparent clean countries" are targeting the "apparent NON clean countries"

One simple example in France :
Decades ago, France threatened Monaco and even put an embargo. True.
The agreement that followed ? Simple : Monaco can offer a tax free status to EVERYONE...EXCEPT....FRENCH PEOPLE !!!!!!
Still effective....in 2008 and for the decades to come.

And as I said in my previous post : the South American Capitals for tax evasion are MIAMI AND NEW YORK, not Switzerland, London or whoever.
Let me add, that the Asians Capitals for tax evasion, is Hong Kong, Singapore and.......LOS ANGELES !!!!!!

Were is the hiddden and untold World War ? Everyone wants a larger piece of the WORLD tax evaders...WHEN THEY ARE FOREIGNERS !!!!!!!!

And some are doing better than others OVERALL : SWITZERLAND. Therefore
the Nbr 1 is always challenged. Normal attitude for challengers but saying the best is cheating more is...DEADLY WRONG !

By OVERALL, I mean....per capita or GDP. But Switzerland is NOT nbr is on the absolute total of tax evaded money : THE USA ARE THE NBR ONE IN ABSOLUTE TOTAL !
But...but.....this is not enough, they want MORE !!!!

Last but not least, it always amuse me when Germany, France, the USA or whoever target a specific FOREIGN bank but not THEIR OWN BANKS...providing the same services as the FOREIGN BANKS...including for their OWN CITIZENS.

Examples for Brazilians :

- Bank Itau has a Bahamas Bank. Why....in your opinion ?
- Bank Itau has the intention to set up shop...in Switzerland. True.
Why in your opinion ?
- Cosan and Agrenco are registered in the Bermudes (no one answered to the question). Why in your opinion ?

And for the USA : neither SCHLUMBERGER, nor HALLIBURTON are registered in the USA. Why ?

And for Switzerland : Why so many foreign companies set up their headquarters or at least their EMEA (European-Middle East-Afrfica) headquarters in Switzerland ? Sorry but.... NOT ONLY FOR TAX REASONS !
Just take a geographical map and see where we are located, look at our infrastructure quality in airports, highways, paved roads, railways.....plus the skills of our workers ! Plus the overall political stability, security, cleaned cities, easy and efficient administrations.
And you could/should realize that paying some low Corporate taxes here is better than paying NO taxes in other apparent "equivalent countries" despite these ones are effectively ZERO tax countries.

Think again...in depth.
- When jobs are involved (good quality life for managers plus availability of skilled workers), corporations will NEVER chose a ZERO TAX country.
- When NO jobs are involved, corporations & individuals will automatically chose a ZERO OR NEAR ZERO TAX country.

Think again, think again why Switzerland shines !

- a well known fact that the UK is a tax haven. Thousands of foreign individuals, all wealthy, and thousands of corporations have set up shops there.
- Welll for individuals they created, swallow it well " NON DOMICILED RESIDENTS " Whoaaaaaa...what does that mean ???????? Reduced or No taxes...of course. For corporations it means LOWER taxes than real UK corporations.
- Welll not only they just changed some of their laws..THIS YEAR, PLUS business in a slowdown eventually in a recession, PLUS one of the world MOST expensive real estate, PLUS traffic jamsm etc etc. That means that even before that, some companies have moved their EMEA headquarters to....Switzerland...in years past.
Such Elizabeth Arden and many others.
Even Colgate, but from Germany had moved their EMEA HQ to Switzerland. But now with their change in laws YAHOO UK, in 2008 moved to Switzerland. Many others will follow.....guaranteed.

And some hedge funds managers have been/are/will move here too !

- European Union against tax evasion :
- sure....but they dont care for non EU residents to move their tax evaded money...in the EU...of course.
- And what about Luxembourg, Cyprus Ireland ? All are EU members !
and all are TAX HAVENS on top of U.K. ! Smile what are the EU going to do ? Saying what they do is right but not what does Switzerland and Lichstenstein not EU members ? And what about the EU "protectorates" or "legally independent" such as Gibraltar, Chanel Islands, Guerney, Andorre, San Marino...also not EU members ?????

What a big mess they are in !!!! smiles.

Not only within the EU members but also with their own EU
"protectorates" stated above.

Better yet, what most of you dont know, is that in the EU consitution it states that laws can be changed ONLY when there is 100 % UNANIMITY. Majority doesnt count !
One country, even a newer member, can put its own vetoe.
Whoaaaaaa...what a mess THEY HAVE WITHIN THEMSELVES !!!!!
On top of their mess with their own "protectorates".
Yessss...believe or not but Andorre and Monaco is in the list of the NON-COPERATIVE COUNTRIES !!!!
Switzerland is NOT on that list. Reality is that in many ways, following the 2005 agreement, we became some type of TAX COLLECTORS for the EU governments on some of their citizens evading taxes.
We collect the taxes and repay the respective governments...IN BULK, but dont report the owners of the accounts.

Going back to the EU "good & bad members", who can honestly believe one second that the "bad ones" (UK, Luxembourg, Cyprus, Ireland) are going to shoot in their own back...by voting what the "good" countries want ?
Of course they will vetoe what is against their own interests.
And now you have already 4 countries who will vetoe whatever the "good" countries may find it good laws !
What a mess they are in....WITHIN THEMSELVES !


Ohhhhhh....this is just the tip of the iceberg of their problems.
Because they have similar problems elsewhere.
Such as the VAT tax rates, different between each other.
The rate varies bezween 15 to 25 % !
Same for Individuals Income & Corporate taxes. Some of the newer members have a LOW FLAT TAX RATE, when older members have a HIGH Corporate and Individual tax rate that is NOT ON FLAT RATE.

And then these junkies are telling Switzerlandm not a EU member that our Corporate tax rate is TOO LOW !!!!!!

But they are not saying our VAT is too LOW.
Yessss...we have the LOWEST rate at 7,6 %.
Would they appreciate we charge 20 % or so, which is their average VAT rate, for cars we import....FROM THEM ???????
Smiles

Let me say this : the EU governments are a bunch of idiots. On whatever subject they contradict themselves when they want Switzerland to change something. Because whatever they critize us could be applied to the EU members.

Last but not least : you have no reason to know that particular detail which is the base of the EU written constitution stipulating..."the Right to Difference every member has" that is already a contradiction with their vetoe right ! smiles.

But by Right of Difference it means when a new country wants to join the EU, their obligation can change from an existing member.
Meaning every country has some rights others dont necessarily have.
Simple examples : the UK have still their own central bank and own currency...contrary to others countries such as Germany, France, Italy, Spain, etc etc

Dont you think that at times like now, of large economic slowdowns and may be a recession, some countries like Spain having their own real estate depression will say how unfair it is the UK can decide of their own rates but not Spain ????
In Spain it is worse than in the USA : 95 % of their mortgage rate is RE-adjusted...ANNUALLY ! And Spain cannot like in the past have their rates going down at the cost of having their currency also going down.
The ECB decides, no longer the Spanish Central Bank !!!!
But the UK Central Bank still decides, not the ECB !
Smiles
And Spain already announced a US$ 30 billion support from the government to their mortgage holders !!!!!

What are my hopes ? Welll....that the EU enter a DEEP VERY DEEP RECESSION ! Not only that it will be a good long term investment opportunity, but it will put at the surface some of their permanent contradictions and inconsistencies.

Therefore hopefully you can understand I am not bullish the EU.
Not necessarily bearish either because after all give or take somem their stock markets will do similar to other developoed nations stock markets. But the EU CURRENCY will have to bear its costs...by going down in my view. I rather prefer to be long the US$ for the next 2 to 4 years, time will tell. In my view the Euro is due for a bear market not only because of what I wrote, but also because it went up so much against the US$ over the last several years.

What goes up will come down.
What goes up too much and too fast will fall harder and faster.
Just look at China stock market. The economy is still booming but the stock market is down OVER 60 % in LESS than ONE year.
That makes me think of Shelly1 when recently she said China and Brazil
are like 2 hips in the same body.
Which I disagreed.
But using Shelly arguments should she then analyze that the BOVESPA should also go down by over 60 % from its top in less than one
year ? Smiles ! that would put the low at around 24'000 !!!!
Still a long way to go !
I bet then that Shelly1 will disagree ! Guess why !
Laugh...laugh......

1)
- where in the world, STILL TODAY, are registered most of the
Commercial Ships ?
Including those owned by Exxon or Petrobras or whatever company.

LIBERIA !
A country totally devastated by years and years of civil war.

Why...in your opinion ?

Funny that LIBERIA has never ever been the target from "apparent clean and good" countries such as Germany, the USA, France, etc etc

2)
What about the USA subprimes, Alt A, etc.....residential % commercial mortgags,good or bad ?
- Welll 90 % of these mortgages were held by companies registered in offshore countries, mostly in the BVI.
- Most of these mortgages were OFF balance sheets of the large U.S. and foreign banks.
- During the boom times, they generated large profits, NOT TAXED legally by the IRS, because they were OFF baance sheet ! Right ?
- When the losses started to hit the fan, these banks were forced to rapatriate these loans....INTO THEIR BALANCE SHEETS ! Right ?

- Wellll...suddenly theses mega losses are partially TAX DEDUCTIBLE because the losses are....INTO BALANCES SHEETS subject to IRS rules.

Simple proof, of how not paing taxes in the USA is totally legal when there were profits and how legal it is to DEDUCT your losses from your taxes with still the legal blessings of the IRS AND THE U.S. ADMINISTRATION !!

3) In the USA they have what they call GAAP, Generally Accepted Accounting Practices !!!!!
- Just think of how vague could be interpreted.....Generally Accepted.... !!!!!! smiles
- the USA have a tax code of 6000 pages.
- Some of their legal laws accept not to tax things....if...if...if....
- Some of their tax laws contradict the if....if...if...if laws.
- Some of their if...if...if....if are in contradiction with other if...if.......if....!

Welll that is what make their taxe code not only with 6000 pages but also include VOLUNTARY LOOPHOLES that the USA government and IRS.....HAVE THE UNILATERAL RIGHT.....to interpret differently the interpretation of what these big holes meant.....depending of their mood which change, not only with a change in administration but also with changing moods during economic growths or slowdowns.

Since the US administration is never right but cannot lose face, everything is never settled as per the laws but end up in a general overall settlement.
Just look these days at how the Auction Rates Securities Scandals are settled : No one is accused and sued for wrongdoings as long as they agree to pay xxxxx dollars of fines (on a case by case basis) that dont even end up in the pockets of those who made the losses, or at best cover only a small part of the losses made by the investors.

Because should those guilty be fined for the real amount they were responsible for, the amounts to be repaid would be far in excess.....of their capital. Meaning..."no problem just repay 10 % of your wrongdoings (or whatever) and that is the end of the story.... legally speaking !
And now these FINANCIAL crooks can work to develop their next...SCAM !!!! SCAM that will have the US administration blessings as long as they generate jobs (not necessarily taxes - see above) and when they no longer will generate jobs or taxes.... then the US administration will target those they had protected and blessed for several years !

I always smile at the terms of these settlements : they agree to pay
XXX dollars but deny any wrongdoings !!!!!
Welll if they are found guilty they should pay whatever the amount is, and if found NOT guilty they have no reason to pay several hundreds millions of dollars.

These half guilty/half innocent make sense when 2 parties agree and settle out of courts but not when the Justice or a Government Administration Agency (federal/state/municipal) are involved.

This is a very cheap Justice rendering DEEP INjustice, ready for the
filthy system to continue the same courses...with more SCAMS.

....and the last word in the dictionary that would apply is the word "exotic". It has only 3 counties, is flat as a b oard, is uniformly expensive, is nearly all urban and the only thing going for it is gambling (like many other states) and one car race once a year. It has no culture and no natural beauty. Where there are no people you will find chickens, mnillions of them and they are no cheaper there than anywhere else. I wouldn't reccommend it.

I am not an expert on Switzerland history, but I must say it is the first time I heard someone telling trains with Jews transited in Switzerland. But...true or not is not the point.
Assuming it is true :
- what Switzerland could have been against Germany ?
They invaded and won not 1, 2 or 3 but more countries each much larger than Switzerland.
Assuming Brazil would have invaded, Argentina, Venezuela, Peru and a few others countries, it is like you would criticize Uruguay of having done nothing to stop Brazil.
I just remind you that only HALF of France was invaded. The other half was still much larger and populated than Switzerland. Thus your question should be what the free France had done to stop filling the trains with jews ?

Concerning your statement of me being hypocryte, sorry but who after the war invited the Germans engineers, physicians and scientists in their country as refugees ? Were they not those responsible to have developed and built the German war machinery, much more advanced than the USA ?
Hmmmmm....well Ric, I wonder of who of the 2 of us is the most hypocrite.
Short Memory Ric with Von Braun to mention only one famous name ?
he did not contrary to what everyone believe "only" helped The U.S.
space program...but also helped developed and refine the U.S. Rockets & Missiles !

Your comments really makes me laugh, they typically reflect the average American mentality....at times : what America does is right, whatever they do..... all the times.
Even openly lying about the WMD in Iraq, when on the side you were launching the world largest WMD supposed to explode a few years later : Toxics debts....with the U.S. subprimes mortgages.
Welll....unfortunately for you.....you kept most of the toxics.

Your bomb exploded right in your face. True, with some collateral damage in....Switzerland, UK, France, Germany and elsewhere !


Did you use many Von Braun Missiles to ship these toxics debts around the world ?
Well your failure rate was at around 70-80 %.
Because 70-80 % exploded while still over America.

Although I must agree with ric’s claim regarding Swiss deportation of Jews back to Germany (and in fact, I have used this very same argument several weeks ago, while attempting to criticize our Swiss acquaintance), I must FULLY support ch-c explanation on this matter!

Indeed, despite the fact that some Swiss have racist inclinations, any attempt to equate them to the Nazis is utterly ridiculous, it’s like comparing a petty thief to a mass murderer. I highly doubt that, under normal circumstances, Switzerland would have ever considered deporting the Jewish refugees back to the Oppressive, Murderous Nazi Regime. At worse, they would have sent them elsewhere, if left to their own devices…
The crux of the matter is that there is absolutely NOTHING that Switzerland could possibly have done BUT concede with German “requests” of any type… Had the Swiss government dared to refuse the Nazis’ demands, they would have seen their peaceful neutral country invaded, its population raped and its (borrowed) culture destroyed to the ground. It was the only sensible solution available to them, I’m afraid…

Incidentally, ch-c, the Uraguay analogy was quite appropriate!

I am not an expert on Switzerland history,

BUT..BUT...you are a Swiss and young children all over the world are taught the glorious history of their respective countries. I think you are very modest in your statement when you say that you are not an expert (which I refuse to acknowledge). Unless you went to Sorbonne in your youthful days and were forbidden to learn the history of Switzerland.

On a more serious note, who would have thunk to pay homage to Von Braun, except a well informed person like you. Compliments for remembering a great scientist, regardless of his original nationality.

My company was incorporate in Delaware.

There is many reasons why most American companies want to incorporate in Delaware.

Most of the Fortune 500 companies are incorporated in Delaware.

Delaware has the most developed and sophisticated legal system among the states here in the United States to protect corporations.

.

If the U.S Government follows the Brazilian example of 1990. Freeze all the Savings Bank a/c s, Investments in Financial markets, etc; of old retirees and unsuspecting middle class idiots for 12 months and then return in 18 equal installments without any interest.

T

hat makes me think of Shelly1 when recently she said China and Brazil
are like 2 hips in the same body.
Which I disagreed.
But using Shelly arguments should she then analyze that the BOVESPA should also go down by over 60 % from its top in less than one
year ? Smiles ! that would put the low at around 24'000 !!!!
Still a long way to go !

I bet then that Shelly1 will disagree ! Guess why !
Laugh...laugh.

I never said Brazil and China, BUT the US and China--go back and re-read it again. Therefore, looking at the current situation in the US and in China, I wasn't too wrong!!!

By the way, remembered when I mentioned here, about a 8 months ago about the subprime market crisis (brother-in-law being a actuary). I remember Ric and a few others here made fun of the fact that he saw this coming. Guess what? He was right! Still, we haven't reached the bottom of the barrel yet!

3) In the USA they have what they call GAAP, Generally Accepted Accounting Practices !!!!!
- Just think of how vague could be interpreted.....Generally Accepted.... !!!!!! smiles
- the USA have a tax code of 6000 pages.
- Some of their legal laws accept not to tax things....if...if...if....
- Some of their tax laws contradict the if....if...if...if laws.
- Some of their if...if...if....if are in contradiction with other if...if.......if....!

Welll that is what make their taxe code not only with 6000 pages but also include VOLUNTARY LOOPHOLES that the USA government and IRS.....HAVE THE UNILATERAL RIGHT.....to interpret differently the interpretation of what these big holes meant.....depending of their mood which change, not only with a change in administration but also with changing moods during economic growths or slowdowns.

Since the US administration is never right but cannot lose face, everything is never settled as per the laws but end up in a general overall settlement.
Just look these days at how the Auction Rates Securities Scandals are settled : No one is accused and sued for wrongdoings as long as they agree to pay xxxxx dollars of fines (on a case by case basis) that dont even end up in the pockets of those who made the losses, or at best cover only a small part of the losses made by the investors.

All laws, not just tax laws in the US, are OPEN FOR JUDICIAL INTERPRETATION. On another note, the US is a country of losers vs winners, you see this on little league soccer (both parents and coaches) and on every other competitive situation.

Please substantiate the allegations on the trains. (These trains only ran in the fantasies of some critics of Switzerland).
More information can be found googling for
conference evian 1938

Thank you .your website is quite helpful to me. I liked the theory of billionaire’s loop hole. And your logic of anonymous transactions, It shows how to avoid taxes legally. Thanks guys. Tax havens