It's good to see Cayman NetNews quoting me quoting them on the subject to their editorial on poverty in their island. Coupled with yesterday's report here about poverty in Jersey these two stories provide compelling evidence that being a tax haven is not by any means good news for those local people who suffer the phenomena. The Economist only hinted at this issue in its feature on tax havens, and suggested all was well in Cayman, for example, because a lot was being spent on education for local people.
The Economist is wrong. The days of buying people off are long gone. They want justice. Let's be more precise. They want tax justice.