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Author: FreeBear Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 54107  
Subject: Bush&Cheney: Ooops, I did it again! Date: 8/1/2002 12:47 AM
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More hypocrisy. Caught in the headlights of the historical
record, then send out Ari to weasel:

http://biz.yahoo.com/rc/020731/bush_harken_2.html

In a practice now criticized by the White House and
Republicans, U.S. President George W. Bush and Vice
President Dick Cheney served in leadership positions
at companies that set up subsidiaries in offshore tax
havens, according to documents and an analysis of
company records released on Wednesday.

Democrats said revelations of offshore subsidiaries
created by Harken Energy Corp. (AMEX:HEC - News) while
Bush served as a director and Halliburton Co. (NYSE:HAL -
News) while Cheney was chief executive offered new
evidence that the president and the vice president
failed to practice the corporate policies they now preach.

The White House, in response to a wave of accounting
scandals at major U.S. corporations, has railed against
the practice of setting up subsidiaries in tax havens
like the Cayman Islands and Bermuda to sidestep disclosure
rules and avoid paying U.S. taxes.

Bush called it "a problem" and said, "We ought to look
at people who are trying to avoid U.S. taxes."

[...]

While Bush served on Harken Energy's board of directors
in 1989, the company set up an offshore subsidiary in the
Cayman Islands, the White House acknowledged. But spokesman
Ari Fleischer denied it was a scheme to avoid paying taxes
in the United States.

[...]

Halliburton, which Cheney ran before becoming vice
president, was even more aggressive in its use of
offshore tax havens, according to an analysis of
company filings with the Securities and Exchange
Committee by Citizen Works, a nonpartisan group founded
by consumer advocate Ralph Nader.

The number of Halliburton subsidiaries incorporated in
offshore tax havens rose from 9 to 44 while Cheney
served as chief executive between 1995 and 2000, the
group said.

[...]

* * *

A quote from Dante would be in order here. Another
day perhaps.


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