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Country Rankings - Antigua and Barbuda

  • Nov 21, 2013   Antigua and Barbuda: talking

    Let's hope that this week's talks between Antigua and Barbuda (David) and the USA (Goliath) represent an outbreak of sanity in one of the silliest and least constructive episodes in recent international relations. I'm offering bouquets on a provisional basis, because it could all still go wrong. So far the progress of the affair has not reflected credit on anyone, except possibly the WTO, which has tried to walk a tightrope between on the one hand infuriating the US, and on the other failing to support a member country which on the face of it has been damaged. I'm not going to try to allocate blame for the original blow-up: it was probably foolish and short-sighted of Antigua to help itself with such insouicance at the free-lunch counter of offshore gaming; but the US, while justified from any legal perspective in its original actions against the operators of Antiguan sites, has seemed unwilling to compromise in subsequent negotiations. The strict US laws against inter-state and international gaming, whatever their original justification in a pre-Internet age, hardly seem fit for purpose in a wired-up, interconnected world, and indeed they are gradually being bypassed, at least for domestic operators, by more modern legislation both at state and federal level. It's time to let down the barriers internationally; and if it's done in a sensible way, the result could be a win-win situation for all concerned: American consumers, the US Treasury and the Davids of The Caribbean.
    Source: www.lowtax.net/news/Antigua-US-Hold-Talks-On-Gaming-Dispute-62707.html

  • Sep 12, 2013   Antigua and Barbuda: open for business

    Buying and selling citizenship is quite a thriving business. Countries often don't talk too much about it, although almost all of them do it in one way or another: you want to be British? Australian? Russian? It will cost you just a few million bucks (you can be Russian just by purloining a few million US state papers, but that does carry some risks and you won't be able to go to the Super Bowl any longer). The latest country to play the game is Antigua and Barbuda, which plans to open a Citizenship by Investment Unit, said the Prime Minister Baldwin Spencer. This is a practical way of making money for the tiny country, which lost its golden geese when the US Justice Department landed like a ton of bricks on its e-gaming sector a few years back. More practical than the trade sanctions which the WTO is allowing Antigua to impose on the US by way of contravening IP rights. I must say I do find that a most peculiar suggestion: normally I strongly support the WTO, but how can it be right to allow Antigua to take the intellectual property of US companies? They will run yelling to Uncle Sam, who will presumably have to compensate them. Is that a recipe for future good relations between the US and Antigua? There will be no winners in that game.
    Source: www.lowtax.net/asp/story/front/Antigua_And_Barbuda_Opens_Citizenship_Unit____61960.html

  • Feb 28, 2013   Antigua and Barbuda: stays the course

    Another miniscule island statelet which has not been helped by the exotic behaviour of a senior figure is Antigua and Barbuda, which is now trying to extricate itself from the consequences of the Allen Stanford debacle (he is serving 110 years for fraud in a Florida penitentiary) and is itself being sued for megabucks over the affair. More damaging to Antigua, though, was its ill-thought-out bet on internet gaming as a passport to riches, which has brought it head to head with the United States, one David versus Goliath combat which may not have a Biblical ending. Anyway, my award to Antigua is for tackling its fiscal problems in a coherent way without taxing the life out of its citizens. CARICOM is offering to help the islands in their battle with the US, which is noble but probably misconceived. C’est magnifique, mais ce n’est pas la guerre: c'est de la folie. Said about the Charge of the Light Brigade by a French general, but will serve very nicely for our purpose.
    Source: http://www.lowtax.net/asp/story/front/Antigua_And_Barbuda_Economy_Recuperating____59846.html


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