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No US alarm

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No US alarm

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THE?UNITED?STATES?GOVERNMENT says it does not share France’s concerns that Barbados is an offshore “tax haven”.
United States Attorney General Eric Holder spoke to the issue during a Press conference here yesterday, which followed a meeting on Tuesday with Prime Minister Freundel Stuart, who took the opportunity to raise the tax haven issue with the high-ranking American official.
Holder, whose government has in the past raised questions about the exchange of tax information by Barbados, told reporters he was generally pleased with the steps this island had taken to strengthen its anti-money-laundering legislation.
France’s President Nicholas Sarkozy recently raised the ire of Barbadian officials after he listed the island among 11 “tax havens” that should be shunned for failure to conform to acceptable tax practices. (RJ)
Above, Holder, whose grandparents and father were born in Barbados, speaks to the media at the United States Embassy, as Attorney General Adriel Brathwaite (left) and American Charge d’Affaires Christopher Sandrolini look on.
(Picture by Nigel Browne.)
Full story in today’s DAILY NATION.