CO asked over on the ‘comment moderation is on’ open thread the following:
Any thoughts on Britain’s stance regarding “tax havens”?
Personally, I find it quite disconcerting that this seems to be the official line particularly when as is pointed out, a number of these jurisdictions are actually British territories… With friends like these…
As this topic is directly related to our social and economic well-being, and with the wealth of expertise that active bloggers and ‘lurkers’ may have in this area, I’ve decided that it desearves being a thread in its own right. That, and I’m swamped with assignments right now and being lazy…;)
Seriously though, whats everyones thoughts on this, and what is the best way for us as a people to handle the situation? Now, there are pros and cons to IB here, but with our limited resources its one of the few industries we can and should do sustainably. What I do not want to see in this thread though is a degeneration into partisanship. While there may be valid arguments about ‘UBP this’ and ‘PLP that’ it would be a much better exercise for us all to fully investigate the pros and cons of IB here, socially and economically, and the threats to IB that Bermuda is facing.
And thanks to CO for her post.