Oxfam New Zealand and fellow travellers at home and abroad are attacking the sovereignty of the Cook Islands and other tax havens by demanding that the developed countries gang up on them because they offer low company tax rates.
All that plucky rhetoric of TPPA no way and how international economic agreements violate the sovereignty of countries and developing countries in particular is forgotten in a flash.
Apparently, the same governments that were at the beck and call of the corporate elites when negotiating international trade agreements, can be trusted to negotiate international tax treaties that take into the account the interests of developing countries, the Pacific Islands and small states.
Oxfam manages to have the blinding hypocrisy of opposing the Transpacific Partnership on national sovereignty grounds and at the same time call for international treaties to bully small countries about their tax policies, which overrides their economic sovereignty.
The sovereign rights of developing countries to find their own way does not extend to undermining the tax bases of the rich countries struggling to finance their welfare states.
The Pacific Islands, the once were heroes of the recent Paris climate talks, turn into pariahs once they start looking out for themselves and setting up offshore financial centres and tax havens.
Developing countries are free to impoverish themselves by embracing socialism, but if they decide to attract investment and jobs through low tax rates and offshore financial centres, a new form of colonialism is embraced by the Twitter Left.
Source: Oxfam.
The Cook Islands is one such tax haven. The Cook Islands is self-governing in free association with New Zealand. New Zealand is responsible for its defence and foreign affairs but it has full internal sovereignty.
Utopia, you are standing in it! 
Recent Comments