Britain has special responsibility and influence over the Cayman Islands
LONDON, England: Independent, May 12, 2008 - The lives of more than five million children could be saved in the developing world – if the super-rich and the world’s largest companies paid their fair share in taxes, according to a leading British charity. In Death and Taxes: the True Toll of Tax-dodging, Christian Aid says that the extent of tax abuse “is so widespread and damaging that it is tantamount to a new slavery”.
Christian Aid points out that the British Government has a special responsibility and influence because so many tax havens are linked to the Crown as overseas territories or crown dependencies. The list includes Jersey, Guernsey, the Isle of Man, the Cayman Islands, Bermuda and the British Virgin Islands.
No hope of beating tax haven microstates such as the Cayman Islands
LONDON, England: Independent, May 12, 2008 - Taxes. No one enjoys paying them, and they may well, in some sense be “too high” in Britain at the moment. The rich, the larger corporations and even the upper slices of the middle classes increasingly pay taxes as a discretionary matter. If one country doesn’t suit them, they move themselves elsewhere. Then there’s a race for the bottom to see who can offer the lowest rates, though no mainstream nation can ever hope to beat the tax haven microstates such as the Cayman Islands or Lichtenstein.
Laughing all the way to the Cayman Islands bank
CALGARY, Canada: Calgary Sun, May 11, 2008 – Carbon trading is a modern religious exercise similar to the medieval practice of selling indulgences. Carbon trading is the same thing. We pay somebody -- a nation or say, Al Gore’s company -- money and they give us permission to drive our SUV or fly to the Amazon as an eco-tourist. The UN’s involved? Trust me. Somebody’s gonna get real rich and they’re going to laugh at us all the way to the bank -- which is either in Geneva or the Cayman Islands -- and the natural environment won’t see anything in the way of improvement. |
