This article appeared in Cayman Financial Review.

A new wealth management leader, the truth about corporate taxation, and the latest folly of Sen. Carl Levin.

The Center for Freedom and Prosperity is pleased to report that the Surface Transportation Bill as passed by Congress today did not include the Levin anti-tax haven amendment originally slipped into the Senate version by a voice vote. The amendment would have driven investment out of the US and cost American jobs. Two weeks ago the House defeated a non-binding motion to instruct the conferees to agree to the amendment, and it was ultimately dropped from the bill.

Center for Freedom and Prosperity President Andrew Quinlan sent a letter to Democrat and Republican members of the Surface Transportation Bill Conference Committee highlighting the dangers of allowing Senator Levin’s unrelated anti-tax haven amendment, slipped into the Senate version (S. 1813) by a voice vote, to make it out of conference and into the final bill.

Recently, I chastised Senator Levin for his assault on so-called “tax havens,” pointing out that Levin’s agenda would fail to benefit small businesses, but instead “place U.S. corporations at a competitive disadvantage in the international marketplace.” Since then, Cayman Finance has taken issue with the Senator, reinforcing many of the points consistently made by CF&P […]

The Center for Freedom and Prosperity’s president, Andrew F. Quinlan, reacted today to Senator Carl Levin’s stated plan to use the amendment process on the small business lending bill to attack so-called “tax havens.” Proving to be tone deaf when it comes to the problems facing average Americans, Senator Levin wants to use a bill his colleagues claim is aimed at creating jobs and helping small businesses to place new burdens on investors that will end up destroying jobs.

The Center for Freedom and Prosperity Foundation, joined by 44 of the country’s largest and most influential free-market groups, has sent a letter urging Treasury Secretary Henry Paulson to “protect America’s self-interest” and oppose proposals by Senator Byron Dorgan (D-ND) and Senator Carl Levin (D-MI) that “seek to thwart tax competition and penalize good tax […]