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Tax havens where politicians park their billions

April 8, 2009

Seychelles

It is an archipelago in the Indian Ocean situated to the northeast of Madagascar.

Seychelles' growth has been led by its tourist sector and tuna fishing. In recent years, the government has encouraged foreign investment to upgrade hotels and other services.

It is, per capita, the most highly indebted country in the world according to the World Bank, with total public debt around 122.8 per cent of GDP.

St. Kitts & Nevis

These islands in the Caribbean Sea are about one-third of the way from Puerto Rico to Trinidad and Tobago.

St. Kitts and Nevis is heavily dependent upon tourism revenues, which has replaced sugar, the traditional mainstay of the economy.

Image: A tourist takes pictures of Seychelles judges, magistrates and lawyers as they parade through the capital Victoria. | Photograph: George Thande/Reuters

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