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Treasury Secretary Summers warns of tax havens; WH on crypto
- Date: Mon, 17 Jul 2000 05:03:12 -0400
- To: politech@vorlon.mit.edu
- Subject: FC: Treasury Secretary Summers warns of tax havens; WH on crypto
- From: Declan McCullagh <declan@well.com>
[White House chief of staff John Podesta will be talking about encryption
policy at 10 am at the National Press Club on Monday. According to a White
House source, the topic will be the "need to address public safety and law
enforcement needs." The White House also said Podesta will talk about
updating "laws and practices in the face of changing technology, while
protecting privacy and civil liberties." --Declan]
http://www.wired.com/news/politics/0,1283,37573,00.html
Is Encryption Tax-Protective?
by Declan McCullagh (declan@wired.com)
3:00 a.m. Jul. 15, 2000 PDT
WASHINGTON -- It used to be FBI Director Louis Freeh who would rail
against online anonymity and argue that Americans should not be
allowed to use encryption software without backdoors.
Now it's the U.S. Treasury Department -- home to the Secret Service,
the IRS, and the Customs Service -- that's complaining.
"Problems could arise from the increasing sophistication of Internet
encryption codes that are established for valid reasons of commercial
secrecy but can also be used to conceal relevant tax details from tax
administrations," Treasury Secretary Lawrence Summers said this week.
"In such a world, it will be easier for companies to avoid tax
collectors by operating worldwide through websites based in
jurisdictions that are unwilling to share taxpayer information,"
Summers told a gathering of international tax administrators in
Washington.
[...]
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