CARIBBEAN: Barbados ranked among 15 worst tax havens

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CARIBBEAN: Barbados ranked among 15 worst tax havens

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BARBADOS TODAY – Minister of International Business Donville Inniss has angrily dismissed as “wicked”, “mischievous” and “grossly misleading”, the categorization of Barbados by the UK-based aid and development charity Oxfam as one of the world’s 15 worst tax havens.

In a no-holds-barred reaction to the listing, Inniss told Barbados TODAY the charity, which focuses on the alleviation of global poverty, did not have the credibility or authority to determine whether or not Barbados was a tax haven.

He also suggested that organizations such as Oxfam were picking on Barbados because they had concluded that the country could not fight back.

“These organizations do these wicked things and get away with them because small economies like Barbados do not have the financial wherewithal to go after them,” he said.

Insisting that Barbados was not a tax haven, the minister noted that the 35-member intergovernmental economic grouping, the Organization for Economic Cooperation and Development (OECD) had recently given this island a passing grade.

Inniss also likened organizations like Oxfam to the mafia seeking to discredit sovereign states such as Barbados, and wondered if other groups that did not deal with such issues would feel compelled to do the same.

READ MORE:

http://www.barbadostoday.bb/2016/12/14/blacklisted/

 

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