In a remarkable display of fiscal imperialism, the German government sent spies into Liechtenstein and bribed a bank employee to provide confidential records about German account holders. Unfortunately, this sleazy act of aggression was successful, leading to a series of high-profile raids by German authorities. This has created quite a kerfuffle in Europe, and it should come as no surprise that the bureaucrats at the OECD are using the controversy to push their anti-tax competition agenda. According to the Financial Times:
This story is troubling on many levels, particularly given Germany’s ugly history of oppression. In the 1930s, Germany had draconian laws to deter citizens from having money outside the country and – like today – it trampled on the sovereignty of its neighbors to get information (see here for more information). Indeed, snooping by the Nazis was the main reason that Switzerland substantially strengthened its privacy laws in the 1930s.
Today’s controversy is motivated by greed for tax revenue rather than anti-Semitism, but the issues are similar. To what extent do nations have the right to compel other jurisdictions to act as deputy enforcers? Most reasonable people understand that there are limits on cooperation between governments. European Union nations, for instance, refuse to cooperate in extradition cases where an American might face the death penalty. Likewise, most nations would never consider helping a totalitarian regime like Saudi Arabia or Iran if it tried to persecute escaped homosexuals.
The tax issue is a bit more challenging because it is easy to demagogue against wealthy people who utilize so-called tax havens (though even OECD officials get a bit squeamish when asked whether financial privacy laws should be totally abolished since even they recognize that billions of people live in nations that practice some form of religious, political, ethnic, racial, and/or sexual discrimination – not to mention all the people who live in nations that suffer from economic mismanagement, kidnapping, and/or monetary instability).
The head of the OECD considers privacy to be a “relic of a different time.” But why should there be a one-size-fits-all policy? Is there really no room in the world for nations that treat people with dignity and respect their privacy? If politicians from high-tax nations and bureaucracies such as the OECD get to decide, the answer is no. But hopefully Liechtenstein will stand firm against Germany’s vicious bullying. After all, so long as over-burdened taxpayers have safe havens, governments face pressure to improve their tax law. And even the Financial Times was forced to acknowledge, in a schizophrenic editorial that endorsed sending spies into low-tax jurisdictions, that bad tax policy bears part of the blame:
Germany’s problem with evasion is partly the fault of its tax system. Although the abolition of wealth tax has improved matters, marginal income and inheritance tax rates for high earners approach 50 per cent. Tough enforcement will never stop evasion if taxes are punitive.
Monica Conyers, wife of Congressman John Conyers, is in some potentially hot water, though she thought she’d gotten out of it.
Barack Obama continues to roll over Hillary Clinton in vote after vote, he’s destroying her everywhere except where it counts, in the delegate total.
The corruption and hypocrisy of the Clintons never ceases to amaze…



The news today that
The one thing Barack Obama has been praised for more than anything this campaign season is his speeches, they’ve even caused
Imagine a game of telephone, 2 cans connected by a string. You’re in your house, on both sides of your house are your enemies who would like nothing more than to see you dead. The string that carries their conversation goes through your yard, they do not live in your house and, therefore, are not subject to the rules your parents set for you, nor are they entitled to the protections your parents offer to people in your house since they are not in your house, so you decide to listen to them talking by tapping into the string. Not a problem, right? They aren’t in your house, they aren’t residents of your house, just through a quirk of happenstance their string goes through your yard. It’s almost like you planned it that way, it’s so fortuitous.
James Pickett is 80 years old and:

In our never ending attempt to bring you the news from around the world that you may have missed, here is another bit of the written version of the famed last segment of 
This week’s Douchebag of the Week isn’t an individual, it’s a group. These people are more interested in scoring political points with their extremist supporters than they are in protecting the country and aiding those who have helped in that protection. By now you know that this week’s winner is none other than the House Democrats.




