The top U.S. diplomat in Pakistan said Friday that the Obama administration does not know how many Americans might have disappeared overseas to train with al-Qaida.
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US hunts for citizens training with terror groups
March 6, 2010
US hunts for citizens training with terror groups
/** * */March 5, 2010
Secret Treasury Agency Wants to RETROACTIVELY Expand Offshore Reporting Requirements [Part I]
/** * */Last week, the U.S. Treasury finally clarified exactly what it expects U.S. taxpayers to disclose about their offshore holdings. And—no surprise here—they want to know lots more about what you own offshore. Beginning last year , in 2009. And, if you fail to comply, you could face a $10,000 fine and even prison.
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Secret Treasury Agency Wants to RETROACTIVELY Expand Offshore Reporting Requirements [Part I]
9/11 trial reversal? Obama team leaning toward military — not civilian — justice for KSM and crew
/** * */White House advisers are nearing a recommendation for President Barack Obama to choose a military trial for self-professed Sept. 11 mastermind Khalid Sheik Mohammed and four of his alleged henchman, senior administration officials said Thursday.
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9/11 trial reversal? Obama team leaning toward military — not civilian — justice for KSM and crew
March 4, 2010
Local Woman’s Health Care Plea Catches President’s Eye
/** * */MEDINA, Ohio — A local woman, frustrated by the rising costs of health care, wrote a letter to the president. Much to her surprise, President Obama didn’t just read her letter. He also read it out loud at a health care reform meeting at the White House
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Local Woman’s Health Care Plea Catches President’s Eye
March 3, 2010
President Obama makes final push to win straggling moderate Democrats for health care reform
/** * */President Barack Obama on Wednesday made what is expected to be his final push to overhaul the U.S. health care system, revising his plans in an attempt to win the support of moderate Democrats.
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President Obama makes final push to win straggling moderate Democrats for health care reform
February 25, 2010
/** */February 8, 2010
Obama Wants to Perform a "Root Canal" on Your Offshore Investments [Part I]
/** * */Yes, I know you think it belongs to you. But, Obama and his inside-the-beltway friends know better than you what to do with your money. And, after all, they really need it. You know, with a projected $1.6 trillion deficit and all that. On February 1, the Obamites released their financial fiasco for fiscal year 2011, otherwise known as the proposed federal budget. A key portion of the budget is the revenue proposals, contained in a document referred to as the Greenbook , because—surprise! —It’s printed with a green cover. If you suffer from insomnia, download the Greenbook from the Treasury Web site and spend a few hours looking it over. You’ll save on your Ambien prescription. And, you’ll gain fascinating insights into vital national priorities like the “Inland Waterways Trust Fund.” But I digress. The real point of the Greenbook is to outline how the Obamites’ plans on how they intend to forcibly extract money from you, a concept otherwise know as “taxation.” Think of it as sort of a root canal, but on your money, not your mouth. Since my consulting practice focuses on international tax, I spent a recent sleepless night reading up on the Treasury’s modest proposals to “Combat Under-Reporting of Income on Accounts and Entities in Offshore Jurisdictions.” Here’s a summary—in as plain English as I can muster—of their proposals. “Require Increased Reporting on Certain Foreign Accounts.” Basically, this would impose a 30% tax on many types of U.S-source income to foreign financial institutions (FFIs). The definition of a FFI is very broad, and includes “certain entities engaged primarily in the business of investing, reinvesting, or trading in securities, partnership interests, commodities, or any interests in the foregoing.” In any words, “hedge funds.” And that’s not all. The rules “would be designed so as not to disrupt ordinary and customary market transactions.” Well, of course! H.R.
February 1, 2010
Will More States Target Rich?
/** * */Obama tax proposals could make state tax hikes, such as those in Oregon, more painful.
Attention, American Investors: Abandon Ship!
/** * */Obama’s record deficit should send savvy investors overseas.
January 22, 2010
Estate Tax: “Valuation Discounts” Under Attack
/** * */While Congress was debating Obamacare last month, the U.S.
