Samoa PM defends tax haven role

Samoa PM defends tax haven role

8 JULY 2016

Samoa's Prime Minister has defended its role as an offshore tax haven, claiming the ravages of climate change have left the islands increasingly reliant on the revenue it brings.

Samoa was named in the Panama Papers tax scandal in April when documents were leaked from Panamanian law firm Mossack Fonseca.

During a state visit in Brussels, Tuilaepa suggested that royalty payments from trustee companies likes Mossack Fonseca fund social programmes for young people vulnerable to drug abuse.

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Source: Radio NZ International

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