“PM Cameron also ruled out blacklisting countries on the basis that they were zero- or very low-tax jurisdictions.”
“Asked about blacklisting tax havens, the PM said: “We’re happy to support blacklists but we don’t think we should draw up a blacklist solely on the basis of a territory raising a low tax rate – we don’t think that’s the right approach.”
Why do these two statements give PM pole-position?
For one its fair and balanced and recognises that you cannot legitimately engage in a tax rate debate when the EU and OECD have set down a tax rate which support’s Ireland’s international Financial Centre at 12.5% below which countries are deemed to be ‘tax havens’.
It is fair and balanced because we know the Us is now the leading International financial Centre in large measure because of their refusal to participate in the new Automatic Exchange of…
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