The Ripple Effects of Tax Blacklisting on Caribbean Progress

Send us Fan MailCan you imagine the catastrophic consequences of your country being blacklisted internationally? Join Rasheed as he chats with Marla Dukharan, a top Caribbean economic advisor, as we unpack the intricacies of this reality many Caribbean nations face. They dare to question the motives and fairness of international entities like the Financial Action Task Force and the OECD and how their blacklisting practices have devastatingly derailed these countries' reputation and development targets. Their discussion is not all gloom; they thoroughly examine the negative impacts of such blacklisting and brainstorm potential strategies that small countries can adopt to fight back. They look closely at how blacklisting has crippled insurance companies, led to the removal of the Schengen visa exemption, and interfered with the functioning of aid and concessionary financing. An intriguing section of our discussion uncovers a hopeful UN resolution spearheaded by the African Union. The resolution aims to empower low and middle-income countries with decision-making power over global tax affairs. As our conversation concludes, Marla and Rasheed reflect on the vitality of financial stability, economic growth, and the necessity for global collaboration. Please note the abbreviations used in the episode:EU - European UnionOECD - Organisation for Economic Co-operation and DevelopmentFATF - Financial Action Task ForceAML - Anti-Money LaunderingCFT - Criminal Financing of TerrorismFT - Financial TimesFIU - Financial Intelligence UnitsCARICOM - Caribbean CommunityBajan is a commonly used term for Barbadian ResourcesOECD pressed Australia to drop plan to reveal where multinationals pay tax by Financial TimesEU Blacklisting of Vanuatu: History, Analysis, and Socio-Economic Implications by Marla DukharanWhen A Blacklist Is, Unfortunately, Just That by Marla DukharanContact Info: Marla DukharanWebsite: marladukharan.comTwitter: @MarladukharanEmail us at [email protected]