Minister: ‘Critical Errors' In Oxfam Report

Minister of Financial Services Wayne Panton encouraged the public to notice the critical errors made by Oxfam in developing a list of 'tax havens' for their 'Tax Battles: The Dangerous Global Race to the Bottom on Corporate Tax' report.

'Once you've read the report – and particularly the methodology – Government believes that the public will understand that certain organisations' continued efforts to exploit misinformed public opinion, as part of an agenda to influence the public policy of G20 countries, is unhelpful at best', he said. 'Indeed, it may be detrimental to the overall shared goal of combating criminal behaviour and addressing income inequality'.

Oxfam's overriding error, he said, is their failure to differentiate between capital flows and profit shifting.