BRIDGETOWN, Barbados--France's president Nicholas Sarkozy has named Barbados among 11 so-called tax havens which he says will be shunned by the international community. But a Government minister has stoutly defended this island's reputation.
"I would want to stress that Barbados is a low-tax jurisdiction; we are not a tax haven," Minister of Foreign Affairs and Foreign Trade Maxine McClean insisted, as she disclosed that Sarkozy's country was among several nations with which Barbados was negotiating tax information exchange agreements (TIEAs).
She was responding to comments made by the French leader at the close of the G20 meeting just over a week ago, as he indicated he was losing patience with countries that failed to meet transparency standards.
In addition to Barbados, he made specific mention of Trinidad and Tobago, Antigua and Barbuda, Botswana, Brunei, Panama, Seychelles, Uruguay, Vanuatu, Switzerland and Liechtenstein. (Sunday Sun)
Monday, November 14, 2011
Shunned or Black Mailed
What do the super powers discuss when they get together in places like Hawaii to plan for the little people like you and me? It is a fact that most countries are in need of cash and are trying not to lower budgets, fraud, and outdated programs, but instead raising taxes on the producers of society. Why is it that in this country more politicians leave office richer than when they went in? Oh, good investing....