New List Of Tax Havens
G20 LEADERS PUBLISH NEW LIST OF TAX HAVENS IN LONDON
STOP THE BAHAMAS TAX HAVEN, AVOID INJUSTICE IN THE BAHAMAS
“The especially from France and Germany demanded crackdown on tax havens cannot be seen as a key action to tackle the economic recession but here is a urgend need for a tremendous amount of additional money in order to be able to deal with the financial market crisis” said Bahamas Consult directing manager Harald Fuhrmann at a today´s press meeting in Munic, Germany. “15 of 43 tax havens are located in the Caribbean and I wonder that countries like The Bahamas or the Cayman Islands thought that they should not be on the blacklist as they meet all of the OECD standards, but the reality is different”, stated the German who warns especially Americans about so many common (and costly) pitfalls in the Bahamas.
The Bahamas government moved proactively and expeditiously to protect the country´s dignity, national sovereignty, and general way of life but many Bahamian financial professionals and dishonest lawyer want to make the world believe that paying tax is not a moral obligation and never has been. Tax avoidance would be quite proper and keeps wasteful governments in check. But the only question was now will the Commonwealth of The Bahamas - also well known for human rights violation, copyright violation and a corrupt law system – on a black list, a grey list or a white list.
The world leaders agreed tax havens would face several sanctions if they would not comply with regulations being drawn up. Black listed are:
Costa Rica,
Malaysia,
Phillipines,
Uruguay.
On the Grey list are the following Caribbean countries:
Anguilla,
Antigua and Barbuda,
Aruba,
Bahamas,
Barbados,
British Virgin Islands,
Cayman Islands,
Dominica,
Grenada,
Montserrat,
Netherlands Antilles,
St. Kitts and Nevis,
St. Lucia,
St. Vincent and the Grenadines,
Turks and Caicos.
Additional counries are:
Andorra,
Austria,
Bahrain
Belgium,
Belize,
Bermuda,
Brunei,
Chile,
Cook Islands,
Gibraltar,
Guatemala,
Liberia,
Liechtenstein,
Luxembourg,
Marshall Islands,
Monaco,
Nauru,
Niue,
Panama,
Samoa,
San Marino,
Singapore,
Switzerland,
Vanuatu.
Bahamas Consult criticizes the Bahamian tax system without income tax because it is made for the elite but the mass public has to suffer from very high duties for bread and butter. Fuhrmann wishes that Bahamians in generell can get more value for their money in the future “because this would finally cause less stealing, crime, corruption and killing”. The Bahamas as a very little island nation with only 320 000 inhabitants has also to make sure to improve its tourist product. This means there is a real necessity for better prices, higher quality service and friendlier attitudes if they want to meet the visitor´s expectations. Bahamas Consult criticizes that too many travellers are disappointed with their vacation in The Bahamas so that they do not recommend these islands to family members or friends. The Barack Obama administration will soon hire more US investigators to go after offshore tax evasion.
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