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Tax Protestor Dummies 2 > Cases
("Damn, We Lost Again!
And why is it
that people who sell
tax protestor materials file their tax returns anyway . . .")
The Honorable Paul H. O'Neill
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC 20220
Dear Secretary O'Neill:
 I am very concerned about an initiative that may impose significant economic
damage on many of our neighbors in the Caribbean. The Paris-based Organization
for Economic Cooperation and Development, of which the United States is a member,
is threatening many of these nations with financial protectionism and other economic
sanctions simply because these jurisdictions have tax policies that are attractive
to foreign investors.
 This is a fundamental violation of sovereignty. Perhaps
more importantly, however, the OCED's attack on international
tax competition undermines the ability of these nations to
develop and/or maintain financial services industries. As
you surely realize, the Caribbean has been subject to grave
economic pressures because it is increasingly difficult for
the region to prosper while relying on basic commodities
such as sugar and bananas.
 If the OECD campaign against these nations causes substantial
damage to their financial services industries, this will
be yet another devastating blow to the region. This would
cause significant economic hardship and cause poverty rates
to climb even higher.
 Wealthy nations of the world should not be trying to
penalize developing nations for enacting tax policies that
are attractive to investors. OECD countries control the vast
majority of the world's capital and have benefited for centuries
from exploitative relationship with the less developed world.
For the industrialized world to suddenly threaten severe
penalties on these nations because they now are becoming
effective competitors is both morally objectionable and economically
 I hope you will re-examine American support for the
OECD's anti-tax competition campaign.
Major R. Owens
Member of Congress
House of Representatives
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