torsdag 9 april 2009

Good mid-Atlantic tax haven material

Originally uploaded by mowran

Gordon Brown has been writing to the tax havens. Jersey and the British Virgin Islands are the latest recipients of his missives. They are just a load of words. Brown & Co. would choke off the flow of funds to tax havens at source if he was really serious.

If Iceland hadn't blotted its copybook so badly, Smokey Bay could have had a good future as a tax haven. It's a good name for one. Given that its plans to join the EU could yet go tits-up and it is well placed in the middle of the Atlantic, it still might. If I was Amazon or some other internet trade company, I would be checking it out with the aim of doing a deal for a tax free zone for a distribution centre.

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