Personal Liberty Digest™ will be upgraded this weekend to reflect a dynamic new look and mobile-friendly viewing to enhance your experience! Plus, we'll be providing even more of the compelling content you've come to expect, delivered in a whole new way!

  Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Caribbean leaders call on Obama not to destroy offshore industry

April 22, 2009 by  

Caribbean leaders call on Obama not to destroy offshore industry At the Summit of the Americas, representatives of Caribbean countries have called on America and Britain not to threaten their financial services industry during difficult economic times.

The prime minister of Belize, and chairman of the Caribbean Community and Common Market, Dean Barrow stressed the importance of financial services to the well-being of Caribbean nations, many of which can rely on few other sources of economic growth.

Pointing out that the global financial crisis should not be blamed on Caribbean jurisdictions, the prime minister suggested it would be a mistake to destroy "a critical component of the very service area into which we were encouraged to diversify."

During last month’s G-20 meeting in London, the U.S president was joined by many Western leaders in calling for a crackdown on what they see as tax havens where wealthy citizens can hide their assets.

In a sign that the clampdown may be imminent, the Justice Department asked a federal court earlier this week to allow the IRS to obtain information about taxpayers who use offshore accounts, while Swiss banks have announced they will be scaling down their discreet banking services.

According to Forbes, Obama has said he supports the proposed Stop Tax Haven Abuse Act which would make it harder to hide assets in more than 30 countries including Belize, the Bahamas and Panama.
ADNFCR-1961-ID-19134872-ADNFCR

Personal Liberty News Desk

Facebook Conversations

Join the Discussion:
View Comments to “Caribbean leaders call on Obama not to destroy offshore industry”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.