Notes From The Margin

July 20, 2007

Mr. Harper Visits Barbados! – A Barbadian View

Canadian Prime Minister Stephen Harper is in Barbados today, I’m particularly interested to see if the topic of offshore taxation comes up anywhere.

It’s well known that Harper came to power in Canada following a financial scandal involving registration of ships by a company indirectly associated with the former Canadian PM in Barbados’ offshore ships registry. Over the course of a bruising election campaign, Barbados was portrayed as the financial equivilant of a Soddom and Gommorrah, where the rich Canadians stash their billions in secret bank accounts in complete secrecy.

Of course, the truth is somewhat different. Barbados’ offshore banking sector is considerably more closely supervised than many out there. Information exchange agreements and Central Bank supervision make Barbados a poor choice if you want to hide money from everyone.

This will no doubt make for interesting conversation as Mr. Harper and Mr. Arthur greet one another. But then, does any politician take seriously what is said by another politician during a political campaign?


Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at

%d bloggers like this: