Pacific country says it faces ‘diabolical challenges’ due to larger nations and that they play a much bigger role in controversial industry
The financial regulator of Samoa, a Pacific nation implicated in the Pandora papers as a tax haven for wealthy individuals, has defended the country’s involvement in the offshore industry and pointed the finger at “larger economies” such as the UK and Singapore for their role in it.
“Samoa is a proud, law-abiding country that has suffered much due to its harsh colonial past and diabolical challenges that it now faces, such as climate change. Both calamities were brought on to us by larger countries that continue to enjoy much respect,” said Tuifaasisina Sieni Tualega-Voorwinden, the chief executive officer of the Samoa International Finance Authority.
Continue reading...source https://www.theguardian.com/world/2021/oct/11/pandora-papers-samoa-defends-its-offshore-industry-points-to-key-levers-in-bigger-countries
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