Comments on: Cayman Islands says competition prompts UK stance http://blogs.reuters.com/financial-regulatory-forum/2009/09/03/cayman-islands-says-competition-prompts-uk-stance/ Fri, 19 Apr 2013 00:29:31 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: J.S. Irvine http://blogs.reuters.com/financial-regulatory-forum/2009/09/03/cayman-islands-says-competition-prompts-uk-stance/comment-page-1/#comment-128 J.S. Irvine Thu, 03 Sep 2009 18:23:45 +0000 http://blogs.reuters.com/financial-regulatory-forum/?p=2327#comment-128 The sanctimonious approach from UK Government Minister Chris Bryant takes one's breath away. After all his Westminister Government simply prints more money to dig themselves out of a self imposed hole. As Chancellor Darling brings in a universally condemned 50% upper tax rate in the UK, both he and Mr Bryant are realising that no-tax and low-tax administrations are looking ever more attarctive to the UK's wealth creators. The UK Government would be well advised to sort out their own fiscal/tax mess before they behave like 19th Century colonional overlords. The sanctimonious approach from UK Government Minister Chris Bryant takes one’s breath away. After all his Westminister Government simply prints more money to dig themselves out of a self imposed hole.

As Chancellor Darling brings in a universally condemned 50% upper tax rate in the UK, both he and Mr Bryant are realising that no-tax and low-tax administrations are looking ever more attarctive to the UK’s wealth creators. The UK Government would be well advised to sort out their own fiscal/tax mess before they behave like 19th Century colonional overlords.

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