More hypocrisy. Caught in the headlights of the historicalrecord, then send out Ari to weasel:http://biz.yahoo.com/rc/020731/bush_harken_2.htmlIn a practice now criticized by the White House andRepublicans, U.S. President George W. Bush and VicePresident Dick Cheney served in leadership positionsat companies that set up subsidiaries in offshore taxhavens, according to documents and an analysis ofcompany records released on Wednesday. Democrats said revelations of offshore subsidiariescreated by Harken Energy Corp. (AMEX:HEC - News) whileBush served as a director and Halliburton Co. (NYSE:HAL -News) while Cheney was chief executive offered newevidence that the president and the vice presidentfailed to practice the corporate policies they now preach. The White House, in response to a wave of accountingscandals at major U.S. corporations, has railed againstthe practice of setting up subsidiaries in tax havenslike the Cayman Islands and Bermuda to sidestep disclosurerules and avoid paying U.S. taxes.Bush called it "a problem" and said, "We ought to lookat people who are trying to avoid U.S. taxes."[...]While Bush served on Harken Energy's board of directorsin 1989, the company set up an offshore subsidiary in theCayman Islands, the White House acknowledged. But spokesmanAri Fleischer denied it was a scheme to avoid paying taxesin the United States.[...]Halliburton, which Cheney ran before becoming vicepresident, was even more aggressive in its use ofoffshore tax havens, according to an analysis ofcompany filings with the Securities and ExchangeCommittee by Citizen Works, a nonpartisan group foundedby consumer advocate Ralph Nader. The number of Halliburton subsidiaries incorporated inoffshore tax havens rose from 9 to 44 while Cheneyserved as chief executive between 1995 and 2000, thegroup said. [...]* * * A quote from Dante would be in order here. Anotherday perhaps.
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