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Tax havens where politicians park their billions

April 8, 2009

Saint Vincent and the Grenadines

These Caribbean islands lie between the Caribbean Sea and North Atlantic Ocean to the north of Trinidad and Tobago.

Much of the workforce is employed in banana production and tourism, but persistent high unemployment has prompted many to leave the islands.

Saint Vincent is home to a small offshore banking sector and has moved to adopt international regulatory standards.

Samoa

This group of islands in the South Pacific Ocean isabout half way between Hawaii and New Zealand.

The economy of Samoa has traditionally been dependent on development aid, family remittances from overseas, agriculture, and fishing.

The Samoan government has called for deregulation of the financial sector and continued fiscal discipline.

Image: St. Vincent and the Grenadines' Prime Minister Ralph Gonsalves. | Photograph: Bertrand Guay/Reuters

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