Europe put tax havens in the Caribbean – and now punishes them for it | Kenneth Mohammed

The EU’s tax haven and ‘dirty money’ blacklists discriminate against Caribbean countries and other poor nations while letting western nations off the hook

The Caribbean rarely makes international headlines outside of a royal visit or when a secretive tax haven is disrupted and the financial documents of the famous are leaked.

Yet tax havens are not a construct of the Caribbean but of Europe. The amount of money laundered through these countries pales in comparison to the money laundering cities of the EU. In fact, whistleblowers and investigative journalists, via the Panama, Paradise and Pandora papers, have unveiled the true origins of the illicit proceeds of crimes and where laundered or “dirty” money is really parked.

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from The Guardian https://ift.tt/onfCwSl