Modal close

Hi there,

You turn to Democracy Now! for ad-free daily news you can trust. Maybe you come for our daily headlines, or our in-depth stories that expose corporate and government abuses of power. You need news that isn't being paid for by campaigns or corporations. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How? This model of news depends on your support. Right now, every new monthly sustaining donation to Democracy Now! will be tripled by a generous supporter. That means if you can give just $4 a month, Democracy Now! gets $12 today.  Pretty amazing right? If you visit us daily or weekly or even just once a month, start your monthly contribution today. Thanks so much. -Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Bush Admits Tax Havens Are a Problem: Meanwhile, Documents Show That Harken Energy Established a Tax Haven in the Cayman Islands While Bush Was On the Board

Listen
Media Options
Listen

President Bush said on Wednesday that companies “ought to pay taxes and be good citizens and acknowledged there is a growing problem with U.S. companies relocating to offshore tax havens. That allows companies to circumvent paying millions of dollars in taxes.

But Bush claimed he couldn’t remember his own firm creating a tax haven in 1989. It emerged this week that Harken Energy Corp. set up an offshore subsidiary in the Cayman Islands tax haven while President Bush sat on Harken’s board of directors. And the nonprofit group Citizen Works has analyzed SEC documents and revealed that while Vice President Dick Cheney was CEO of Haliburton, the energy giant’s created thirty-five new offshore tax havens.

Guest:

  • Bill Allison, co author of “The Cheating of America” and managing editor of the Center for Public Integrity.

Related link:

Related Story

Video squareStorySep 18, 2018Intercept Report Reveals Senate Ignored Federal Court Employees Willing to Testify Against Kavanaugh
The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Up arrowTop