Neo-colonial @oxfamnz continues to bully small island states

Oxfam joins others on the reactionary left in seeking to bully former colonies over their economic policies, in particular, their tax policies that promote tax havens.

The Cayman Islands is a British overseas territory that chooses to stay British with limited self-government. If the British were to start bullying it over its tax haven and offshore financial centre policies, it would immediately seek independence.

This attempt by former colonial masters to bully small countries to toe their line on tax policies is not done in any way for the benefit of these former colonies and their economic development. It is old-fashioned imperialism with a new motivation, tax imperialism. The aim is to prevent capital flight and the erosion of the business tax base in developed countries.

This is a seething hypocrisy given that Oxfam was all for #TPPANoWay. It is OK to go your own way on tariffs, intellectual property and investment and other economic regulations but not taxes. Countries have a tariff sovereignty but not a tax sovereignty.

This is a self-serving neo-colonial hypocrisy. The sovereignty arguments for #TPPANoWay are identical to those for the right of countries to act as tax havens. Identical. Tariffs deny other countries export markets; tax havens deny other countries tax revenue.

Small island states were left-wing and environmentalist heroes on climate change at the most recent conference on global warming in Paris but are villains regarding tax havens. In both cases, these small countries are exercising their sovereignty regarding their foreign policies and economic policies.

Oxfam believes that the democratic rights of former colonies do not extend to shaping their own economic policies. Oxfam wants them to be put on a neo-colonial leash.

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