Barbados Asserts The Economic Benefits Of Its Offshore Structures

• Barbados Government Embraces Transparency
• Use of Barbados associated with job creation

Bridgetown, Barbados. April 08, 2016 –In response to the global outcry against offshore financial jurisdictions caused by the "Panama Papers" leak, the Government of Barbados issued a statement intended to provide the public with a balanced and rational perspective. The leak has led to the propagation of two highly erroneous stereotypes – that all offshore financial jurisdictions are used to hide money and that they all erode the proper functioning of the global economy. In stark contrast to a widely held label, Barbados is an example of an ethical, fully transparent jurisdiction that enhances the functioning of the global economy.