The Caribbean Connection
Resource information
Date of publication
Julio 2008
Resource Language
ISBN / Resource ID
OBL:58039
Gas and oil companies are using offshore tax havens to disguise their investments in Burma...
"BANGKOK — GAS and oil companies are using British offshore tax havens in the Caribbean and Bermuda to disguise their investments in Burma, avoiding international sanctions and public attention.
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Despite US and EU sanctions, intended to isolate the military regime and force democratic change, Burma’s natural gas industry in particular is booming.
Some of the investment comes from neighboring China, Thailand and India, countries that oppose sanctions. However, human rights campaigners say there is still considerable financial involvement by Western companies—and much of it is camouflaged...
