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Latin America Investment News on Viva Tropical

Belize Tries to Shake Its Tax Haven Title

Article Summary:

Belize’s Prime Minister told political leaders at a recent G8 meeting that his country was making great progress toward ditching its Tax Haven title.

Photo Credit: Guardian UK

Original Article Text From BBC:

The world’s so-called tax havens have come under increasing scrutiny from politicians in recent weeks.

At last week’s G8 meeting in Northern Ireland, political leaders hailed an agreement to stop companies hiding their profits in shadowy offshore centres.

One of these is Belize, which has already agreed to share tax information with international authorities.

Its Prime Minister, Dean Barrow, told the Today programme: “We are very happy that there are things happening that will allow all of us to weed out the bad guys, those that might be trying to take advantage of our jurisdictions.

“We are confident that we will be able to maintain this sector of our economy.”

Link to Original Article:

From BBC

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