Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-191-000"
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"en.20110308.22.2-191-000"2
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"Mr President, I think one of my major concerns over the last few years, when we have been discussing the idea of taxation at international level, has been the attack on countries such as the Cayman Islands, when all they have done is heed the advice we have given them when it comes to development issues. For many years, we have been telling the islands of the Caribbean and other developing countries that they should diversify away from sugar and bananas, start to go up the value chain, and start to get expertise when it comes to services.
The Cayman Islands have done that, and now about 40 to 50% of their economy is in financial services, thanks to their system of tax neutrality. Not tax evasion, but tax neutrality. They do not double- and treble-tax the funds that decide to locate there. But what do the hypocritical imperialists of the European Union do when the Cayman Islands decide to compete with them on taxation? They decide to act like the imperialists of old, and try to attack the Cayman Islands for wanting to compete with the EU. Shame on this EU imperialism!"@en1
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