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.