Barbados has been dealt an injustice, and potentially faces “significant” negative impact from an international tax report claiming to have exposed US$5 billion in tax abuse originating here.
That is the view of prominent American attorney Bruce Zagaris, who has advised Barbados governments on international tax and financial services matters for the last 39 years.
He says The State Of Tax Justice Report 2020 has got it wrong about Barbados.
He also believes the island may have to consider mounting an international fightback against the “ever expanding requirements” of international bodies by partnering with “interested stakeholders” like the Commonwealth Secretariat. (SC)
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