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Over at BBC Caribbean.com, is an ongoing discussion on the issue of Tax Havens in the Caribbean and the new financial systems proposed by the G20 countries.

The world’s leading economies – the G20 – have offshore financial centres in their sights as one of the agenda items at their Thursday Summit.

Britain’s Gordon Brown and Australia’s Kevin Rudd are proposing a new global financial system in the bid to tackle the global financial downturn. Both prime ministers have suggested that the new system should be based on the moral values of hard work, honesty and fairness.

Offshore centres across the Caribbean have responded indicating their level of transparency and some complaining about a scapegoat exercise at the G20.

Here are some of the Issues faced by Tax Havens in the Caribbean:

  • Is a new banking system required?
  • Should there be more scrutiny of offshore financial centres?
  • Do financial centres in developed countries also have to open up their books more?
  • Without financial centres, what do the relevant countries do instead?
  • Who defines a “tax haven”?

==============My Personal Opinion==============

Personally, I believe the tax havens in the Caribbean are being used as scapegoats for the failings of the other financial centers while New York and London protected their own financial environment. If anyone has to be blamed – all hands should be pointing at America and the former Bush administration – fighting two unnecessary wars and running a financial sector totally on credit. GIVE ME BREAK!

Have your say about the new financial system proposed by the G20 countries in the comments below.

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“The Caribbean’s Most Original Carnival”

Dominica’s Carnival 2007 ‘The Real Mas’, is a pre-Lenten festival, It is unquestionably the most festive season in Dominica. It is hard to miss the fervor of the people’s loyalty to their favorite calypsonian or pageant during the preceding months of the Calypso Final and the National Queen Show.

Dominica Carnival 2007 Calendar of Events

January 10 – Carnival Launch Party – Local and foreign media, event sponsors and artists will all be in attendance at the Carnival launch party at Fort Young Hotel from 6-8:30 p.m.

January 10 – Stardom Calypso Tent – Famous tent open every Wednesday before Carnival Monday & Tuesday giving the calypsonians a chance to showcase their songs before and during the Calypso Competitions. Reigate Downtown, 8 p.m.

January 12 – Showdown Mas Camp – Another Calypso tent that gives calypsonians who participate in the Calypso Monarch Competition a chance to showcase their winning songs. Harlem Plaza – Newtown, 8 p.m.

January 11 – 25 – B Mobile Carnival Warm-Up – Every Thursday at Pointe Michel, Castle Bruce, Grandbay, Salisbury from 6 p.m. to 12 a.m.

January 20 – Calypso Quarterfinals – New Town Savannah

January 27 – National Parade and Official Opening of Carnival City – This event kicks off Carnival. The Queen Contestants, Calypsonians, Princess Show Contestants, popular band performances, people in sensay costumes, the blackies, stilt walkers (moko jumbies), cheerleaders, company floats and costumed bands on the street, weaving their way to Carnival City. The key to Carnival City will be handed over. Lapo Kabwit Competition plus Live bands: Triple K and Esclav. 6 p.m. to 12 a.m.

January 28 – Jaycees Caribbean Teenage Pageant – Carnival City

January 29-31 – B Mobile Mas on De Boulevard – Ole Mass featured through music and costumes. Daily from 12-6 p.m.

February 1 – B Mobile Carnival Warm-up – Laplaine.

February 2 – National Junior Monarch and Bouyon Festival – Dominica’s Bouyon music at its finest paired with the junior monarchs at Carnival City from 5.30 p.m. to 3 a.m.

February 3 – Calypso Semi Finals – Calypso – political commentary mixed with humor and local scandal. The semi final is the last leg of eliminations leading up to the finals. Newtown Savannah beginning at 8 p.m.

February 4 – Carnival Princess Show – Contestants from various primary schools compete for Princess 2006 at The Old Mill, 4 p.m.

February 4 – Calypso Queen Show – Calypso competition for the women that is just too humorous to miss. Carnival City.

February 5-8 – Fun City – Carnival Village.

February 6 – Stardom Calypso Tent – Reigate Dowtown.

February 9 – Showdown Mas Camp – Harlem Plaza –Newtown, 8 p.m.

February 10 – International Artist Concert – TBA

February 11 – Teenage Pageant – Teens from area high schools compete in this annual competition, organized by the Waitukubuli Dance Theater Company. Carnival City, 5 p.m.

February 12 – Lagoon Street Jam – Calypso, Soca, Bouyon Music and a lot of people in a jam. And it’s open to everyone!!! 8 p.m.

February 13 – Lapo Kabwitt/Sensay Festival – Costumes associated with traditional Carnival such as ‘sensay’, ‘cowboys’ and ‘sooswell soowi’ together with music from the goat skin drummers. Marigot, 8 p.m.

February 13 – Panorama – Carnival City.

February 14 – Stardom King of the Tent – A fitting end to the Calypso Show Series where King of The Stardom Tent is chosen. Reigate Downtown at 8 p.m.

February 15 – Champ of the Camp – A fitting end to the Calypso Show Series where a “showdown king of Mas Camp�? is chosen. 8 p.m.

February 16 – Miss Dominica Pageant – The Miss Dominica 2007 Competition will once again highlight the beauty, grace, charm, intelligence and talent of nine Dominican young women between the ages of 18-25. Five segments will take place including Talent, Costume, Swim Wear, Evening Wear and Question and Answer. Carnival City, 8 p.m.

February 16 – Official Masqueraders After Party – TBA

February 17 – Carnival Beer Garden – Peebles Park

February 17 – B Mobile Grand Calypso Finals – The finalists from the semi finals compete for the title of Calypso King – Carnival City, 8:30 p.m.

February 18 – Kiddies Old Mas – Kids turn to have fun dressed up in costumes. Steel pan bands will also put on a show at Carnival City from 2-8 p.m.

February 18 – B Mobile Soca Morarch/King and Queen of the Band Contest – At Carnival City, 9 p.m.

February 19 – National Traditional Carnival Street Parade – Costumes, Bands, Music, Culture, People, one big festival that is rooted in the ole masquerade in which most revelers on the streets wore masks to conceal their identity. Roseau Only.

February 20 – Carnival Tuesday – Street Jump Up, Island Wide.

February 21 – Tewe Vaval – Held in the west-coast village of Dublanc and in the Carib Territory, this is one final event to Carnival – the Ash Wednesday burying of the “spirit of Carnival�? and the beginning of Lent.

February 22 – Cabinet Forum – Diaspora Meeting.

March 9 – Prize Giving Ceremony – TBA

National Development Corporation
Valley Road
Roseau, Commonwealth of Dominica
Phone: (767) 448-2045
Fax: (767) 448-5840
E-mail:tourism@discoverdominica.com

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