By Gilbert Morris
Since 1998, I worked with Pierre Darier directly (as Chairman of Darier Hentsch...now Lombard Odier; and at the Swiss Private Banker’s Association), with a notable Swiss industrialist. My role: to provide the intellectual counter-narrative to the OECD/EU’s wilful demonisation of IFCs; culminating in convincing US Secretary of Treasury, Hon. Paul O’Neill (together with others) to REJECT the OECD’s “Harmful Tax Competition Initiative; which he did did May 2001, and he and I explained the rationale in joint articles in Tax Notes International journal that same month.
In years intervening IFCs have grown punch-drunk from the OECD/EU’s goalpost moving fiats, constantly exempting their members; most notably the US (which has 7 actual tax havens) for the reason (which Prof. Jason Sharman detailed in writing) that the US pays the lion’s share of the OECD’s bill.
Let’s speak plainly: The OECD is NOT an international organisation recognised in international law; the FATF LESS SO. They have no legitimacy to call on sovereign states or constitutional territories.
The EU has acted OUTSIDE the multilateral system issuing fiats of no validity or legitimacy under the Vienna Convention on Treaties 1969.
Reject their Blacklist WITHOUT engagement!