In 2001, I had the unusual occasion to commend the Bush Administration for refusing “to support an attempt by the Organization for Economic Co-operation and Development (OECD) to clamp down on tax havens. If the junta of high-tax governments has its way,” I wrote in the Financial Post, “not only will there be no place left to run to, but by eliminating what tax havens offer, these governments will have eliminated tax competition, and with it the imperative to downsize their fiefdoms.”

(The occasion was an unusual one, because I’ve had only two positives things to say about the last band of vandals to have trashed the country: I approved of Bush upholding Terry Schiavo’s negative right to life. And I seconded his refusal to capitulate to the Kyoto-protocol crazies. Great record: mine, that is.)

The obama thugs, however, are adamant to muscle every American who attempts to safeguard his property. Reports the WSJ: “Sen. Carl Levin, chairman of the Permanent Subcommittee on Investigations, which has delved into alleged tax haven abuse for years, said he hopes a bill he is sponsoring, and similar legislation in the House, will stop banks from doing what UBS did.”

What did UBS do?

UBS is honoring its contract with its depositors, and fighting U.S. efforts to obtain the names of another 52,000 of its Swiss account holders.

“Levin expressed frustration that despite treaty obligations Swiss authorities and UBS continue to hold out against U.S. demands. ‘We cannot rely on the Swiss; that’s the bottom line,’ he said.”

Yippee, and let us hope the Swiss continue to hold out against the globe-trotting Obamaites.

Recommended: “The War on Tax Havens”