{"id":49306,"date":"2016-04-11T09:51:59","date_gmt":"2016-04-11T14:51:59","guid":{"rendered":"https:\/\/selasite.azurewebsites.net\/caricom-concerned-about-resurgence-of-tax-havens-label-in-wake-of-panama-papers-leak\/"},"modified":"2023-06-28T07:05:40","modified_gmt":"2023-06-28T12:05:40","slug":"caricom-concerned-about-resurgence-of-tax-havens-label-in-wake-of-panama-papers-leak","status":"publish","type":"post","link":"https:\/\/rmtsolutions.net\/sela\/caricom-concerned-about-resurgence-of-tax-havens-label-in-wake-of-panama-papers-leak\/","title":{"rendered":"CARICOM concerned about resurgence of \u2018tax havens\u2019 label in wake of Panama Papers leak"},"content":{"rendered":"<p>The Caribbean Community (CARICOM) has expressed concern that the designation of \u201ctax havens\u201d is again being attached to the financial services centres in Member States and Associate Members, following the leak of the \u201cPanama Papers\u201d.<\/p>\n<p>The Community, in a Statement, said the loose attribution of the \u2018tax havens\u2019 label ignores the reality that the regulation of this sector in CARICOM is fully compliant with international standards.\u00a0 The Statement identified international standards that CARICOM Members and Associate Members are committed to and are in compliance with.<\/p>\n<p>CARICOM said as more disclosures unfold from the Panama Papers leak, it urges caution by those making the unjust labelling of the Community\u2019s financial services centres.<\/p>\n<p style=\"margin-left: 240px;\"><strong><em>See full Statement:<\/em><\/strong>\u00a0<\/p>\n<p style=\"margin-left: 240px;\"><strong><img loading=\"lazy\" decoding=\"async\" width=\"100\"  height=\"118\" src=\"https:\/\/www.sela.org\/media\/2088556\/caricom_logo_nov28_v32_100x118.webp\" alt=\"CARICOM_logo _nov 28_v 32\"\/><\/strong><\/p>\n<p style=\"margin-left: 240px;\"><strong>STATEMENT<\/strong><\/p>\n<p style=\"margin-left: 240px;\"><strong>\u00a0<\/strong><strong>THE \u201cPANAMA PAPERS\u201d<\/strong><\/p>\n<p>\u00a0The Caribbean Community (CARICOM) is deeply concerned by the resurgence of the designation of \u201ctax havens\u201d being attached to the financial services centres of Member States and Associate Members of CARICOM, following the leak of the \u201cPanama Papers\u201d. \u00a0The loose attribution of this label ignores the reality that the regulation of this sector in CARICOM is fully compliant with international standards.<\/p>\n<p>Indeed, all CARICOM Member States and Associate Members are committed to, and are in compliance with, the international certification process of the IMF\/World Bank Financial Sector Assessment Programme (FSAP), the Global Forum of the Organisation for Economic Cooperation and Development (OECD), the Financial Action Task Force and the Caribbean Financial Action Task Force (CFATF). \u00a0Bilateral commitments have also been made under the United States implementation regime for the Foreign Account Tax Compliance Act (FATCA).<\/p>\n<p>As more disclosures unfold with respect to the leak of these financial records, CARICOM urges caution by those making the leap towards moral indignation and the unjust labelling of the financial services centres in the Community, which have taken all necessary steps to ensure compliance with international regulations and standards.\u00a0<\/p>\n<p>07 April 2016<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CARICOM concerned about resurgence of \u2018tax havens\u2019 label in wake of Panama Papers leak<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-49306","post","type-post","status-publish","format-standard","hentry","category-boletines-regionales"],"acf":[],"_links":{"self":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/49306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/comments?post=49306"}],"version-history":[{"count":0,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/49306\/revisions"}],"wp:attachment":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/media?parent=49306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/categories?post=49306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/tags?post=49306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}