And now:[EMAIL PROTECTED] writes: From: "Michael (Mickey) Posluns" <[EMAIL PROTECTED]> Organization: The Still Waters Group Subject: CBCNEWS Martin says Mohawk bank a no go http://newsworld.cbc.ca/cgi-bin/go.pl?1999/11/15/mohawk991115 -- Michael W. Posluns, The Still Waters Group, First Nations Relations & Public Policy Please feel free to ask us about our Topic Based Hansard files, Canadian parliamentary debates compiled by topics and bills. Please note new address: [EMAIL PROTECTED] Phone: 416 656-8613 Fax: 416 656-2715 36 Lauder Avenue, Toronto, Ontario, M6H 3E3 Lynne Robson reports for CBC TV Martin says Mohawk bank a no go WebPosted Tue Nov 16 07:59:01 1999 KAHNAWAKE, QUE. - Federal Finance Minister, Paul Martin, says the Mohawk plan to establish a sovereign financial territory in Kahnawake will not work. Mohawks on the reserve south of Montreal, want to transform the area into an offshore tax haven. Chief Davis Rice Chief Davis Rice says they're developing a bank, securities exchange and a regulatory authority that will be similar to the Caribbean tax havens. Setting up a bank beside the St. Lawrence Seaway is not quite the same as banking on a Caribbean island. But Rice says they have something special to offer -- special status. Rice says the reserve is a sovereign nation within Canada that is able to trade freely across international borders -- even if right now the law says offshore banking is not legal in Canada. "That doesn't mean things can't change," says Rice. "Doesn't mean we have to endure and accept what is normal standards." But Paul Martin says tax exemptions applicable to native peoples don't apply to non-natives. Quebec Premier Lucien Bouchard also chose not to endorse the offshore bank plan, saying it's not a general policy of his government to institute tax havens. Law professor Brad Morse of the University of Ottawa, says politicians are worried because Mohawks may have the law on their side. "This is the first time a First Nation anywhere in North America has suggested their jurisdiction includes international banking," he says. Copyright © 1999 CBC All Rights Reserved Reprinted under the Fair Use http://www4.law.cornell.edu/uscode/17/107.html doctrine of international copyright law. <><<<<<>>>>><><<<<> Tsonkwadiyonrat (We are ONE Spirit) http://www.tdi.net/ishgooda/ <><<<<<>>>>><><<<<>
