this guy Bob Bauman is a douch and thinks its ok to evade US tax through tax havens

source: http://baumanblog.sovereignsociety.com/2010/07/senator-levins-phony-front-group.html

lets summarize about conservatives:
1. fuck you if you are broke because you deserve it for not having a job
2. fuck you if you are sick and can't afford insurance - you don't deserve to live since you do not matter as you are not contributing meaningfully to the economy and can be marginalized
3. its ok to outsource jobs and we are glad the media don't report widely on this despicable business practice
4. what you call offshore asset protection I call legal tax evasion - it is the patriotic duty of all individuals and businesses to pay their fair share of tax. Off shoring income into tax havens is legal but lets cut to the chase - it is a shitty business practice and should be abolished. Coming down on Sen Levin for wanting to do away with this shitty practice is intellectually dishonest
5. Free market = outsource, outsource, outsource, deregulate and don't fuck with my profits and guns.
6. BTW buy my book

below is a link to the article and the text from it. Go fuck yourself Bob Bauman

Senator Levin's Phony Front Group

Something called "Business and Investors Against Tax Haven Abuse" made its debut in Washington, D.C. on Tuesday. That's the name of a just announced left-wing front group promoted by the notorious anti-tax haven U.S. Senator Carl Levin (D-MI) (below).

 

For Levin, the group is a continuation of years of radical attacks on the freedom of Americans to do business and invest offshore.

 

That's because Levin really believes that any individual American or U.S. business that has the audacity to engage in offshore financial activity is likely to be guilty of tax evasion or worse.

 

Nonprofit and Left-Wing

 

The new group is said to be a coalition of three "nonprofit groups" — the American Sustainable Business Council, Business for Shared Prosperity and Wealth for the Common Good. (Nonprofit means these hypocritical anti-tax haven lobbyists escape paying many U.S. taxes).

 

Click on those links, read the policy positions and people associated with each group and it does not take long to discover that these folks are way over on the Far Left, green, radical environmental, social justice, anti-wealth, high tax, big government, pro-union, socialist side of the political spectrum.

 

 You can bet every one of them voted for Obama, (even if he hasn't been as far left as they would like).

 

Hijacked Words

 

Levin and his pals have borrowed words like "business" and "investor" to cloak their liberal, anti-business, anti-investor ideas. They have released a 25-page report that contends that American multinational corporations use offshore havens to avoid $37 billion in federal taxes each year!

 

That $37 billion figure magically pulled out of thin, liberal hot air is much like Levin's oft repeated false claim that the U.S. government loses $100 billion annually because of tax evasion by Americans who use offshore tax havens.

 

No less an authority on tax evasion than (left) IRS Commissioner Douglas Shulman said Levin's $100 billion numbers were "wild estimates" that "don't have much basis". The AP noted that "the $100 billion figure, a compilation of private-sector estimates, is often cited by Michigan Senator Carl Levin..."

 

 Small Business?

 

Bob Keener, a spokesman for a coalition member, Business for Shared Prosperity, said that 400 executives, investors and representatives of businesses had signed a petition in support of the campaign.

 

Veteran offshore tax expert Vernon Jacobs, CPA (below) commented: "I can't help but be suspicious about three non-profit groups that allege to represent small businesses -- particularly when they have been put together by a politician like Levin.

 

"I frankly don't believe that a great many small business owners are serious students of economics or of political history. They are more likely to be totally pre-occupied with the day to day problems of keeping their business above water…"

 

Job Destroying Ideas

Levin's pals are calling for change in laws that would hurt America businesses and lose still more jobs at a time when unemployment is already around 10%.

These phony "business" people want to block offshore transfers of intellectual property intended to pay lower taxes; ban shell corporations that earn profits offshore when a corporation's management team is U.S. based; repeal a rule that allows U.S. corporations to reduce or eliminate their U.S. tax bills if 80%t of their business takes place overseas; and set penalties for U.S. government contractors that use tax havens.

Why not just go ahead and nationalize all business, a la GM, Chrysler, AIG, GMAC, and assorted big banks?

Relentlessly Anti-Free Market   

Not to be outdone by his new left wing front group, Levin announced he will try to amend a small business bill now pending in the Senate by adding sanctions aimed at domestic and offshore banks judged to be helping U.S. customers evade taxes.

 

The proposal that Levin wants to add to the bill would give the U.S. Treasury authority to prohibit all transactions with foreign banks found to be "impeding U.S. tax enforcement."

 

This Draconian idea was part of a broader anti-tax haven bill Levin has introduced in the past with the co-sponsorship of Barack Obama when he was a senator from Illinois. It also ignores similar restrictions already contained in the HIRE Act and pending QI rules.

 

But then excess and over kill is the hallmark of demagogues.

 

 

 

To learn all about objective facts about offshore financial centers see my books, Where To Stash Your Cash and The Passport Book.

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