Beautiful Virgin Islands

Thursday, Oct 30, 2025

EU Blacklist is about racism & discrimination towards competition- Caribbean Economist

EU Blacklist is about racism & discrimination towards competition- Caribbean Economist

Caribbean Economist Marla Dukharan in her analysis of economic measures from Europe on small Caribbean states says that those measures are used as a disguise to stymie competition in the region using racism and discrimination.

In a February 23, 2022, cross-border radio show called Territories Talk, hosted by Bermuda MP, Thomas C. Famous, Shaina M. Smith-Archer of the Viring Islands (VI), and Eden Hurlston out of Cayman Islands, Ms Dukharan said the measures are not even effective but rather only serve to marginalise small countries.

In a February 23, 2022, cross-border radio show called Territories Talk hosted by Bermuda MP, Thomas C. Famous, Shaina M. Smith-Archer of the Viring Islands (VI), and Eden Hurlston out of Cayman Islands, Ms Dukharan said the measures are not even effective, rather only serves to marginalise small countries.


Blacklist driven by competition- Dukharan


“I think that this is driven by competition as well as racism and discrimination. I think that they wanted to find a way to marginalise small countries that do what we do pretty well and they did not… treat Isle of Man, Channel Islands, Jersey, Guernsey… all of them the same way,” she added.

According to Mrs Dukharan, countries that are part of the UK or the EU are exempt from scrutiny for doing the same things that Caribbean small islands do.

“But they want to eliminate us because we're eating part of their pie. The thing is, we are tiny, our combined share of global economic activity that blacklisted countries account for is less than 2% of global economic activity.”

Europe trying to eliminate competition


“So they're trying to eliminate the small ones because they want the whole pie. They don't think we deserve any of it… It's all the same approach that there is one standard for them.”

“They see us as competition and they see us as former colonies that probably don't deserve the opportunity to compete and so they destroy us before we can make it out” she added.

Dukharan highlighted that the EU parliament even pointed out that the tax haven blacklist seems to have forgotten its purpose, by calling the EU Commission list of tax havens confusing and inefficient.

Blacklist 'confusing' - EU Parliament


“While the list can be a good tool, Member States forgot something when composing it, actual tax havens. This is the EU Parliament criticising the EU Commission's Constitution of this blacklist,” she said

She reiterated that the countries blacklisted only account for less than 2% of worldwide tax losses and furthermore, with actual tax havens omitted from the list.

“So even the policymakers in the European Union recognise that what they're doing is wrong. They've missed the mark, if that is what they were truly trying to do, to identify tax havens,” she added.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
UK and Vietnam Sign Landmark Migration Deal to Fast-Track Returns of Irregular Arrivals
UK Drug-Pricing Overhaul Essential for Life-Sciences Ambition, Says GSK Chief
Princesses Beatrice and Eugenie Temporarily Leave the UK Amid Their Parents’ Royal Fallout
UK Weighs Early End to Oil and Gas Windfall Tax as Reeves Seeks Investment Commitments
UK Retail Inflation Slows as Shop Prices Fall for First Time Since Spring
Next Raises Full-Year Profit Guidance After Strong Third-Quarter Performance
Reform UK’s Lee Anderson Admits to 'Gaming' Benefits System While Advocating Crackdown
United States and South Korea Conclude Major Trade Accord Worth $350 Billion
Hurricane Melissa Strikes Cuba After Devastating Jamaica With Record Winds
Vice President Vance to Headline Turning Point USA Campus Event at Ole Miss
U.S. Targets Maritime Narco-Routes While Border Pressure to Mexico Remains Limited
Bill Gates at 70: “I Have a Real Fear of Artificial Intelligence – and Also Regret”
Elon Musk Unveils Grokipedia: An AI-Driven Alternative to Wikipedia
Saudi Arabia Unveils Vision for First-Ever "Sky Stadium" Suspended Over Desert Floor
Amazon Announces 14 000 Corporate Job Cuts as AI Investment Accelerates
UK Shop Prices Fall for First Time Since March, Food Leads the Decline
London Stock Exchange Group ADR (LNSTY) Earns Zacks Rank #1 Upgrade on Rising Earnings Outlook
Soap legend Tony Adams, long-time star of Crossroads, dies at 84
Rachel Reeves Signals Tax Increases Ahead of November Budget Amid £20-50 Billion Fiscal Gap
NatWest Past Gains of 314% Spotlight Opportunity — But Some Key Risks Remain
UK Launches ‘Golden Age’ of Nuclear with £38 Billion Sizewell C Approval
UK Announces £1.08 Billion Budget for Offshore Wind Auction to Boost 2030 Capacity
UK Seeks Steel Alliance with EU and US to Counter China’s Over-Capacity
UK Struggles to Balance China as Both Strategic Threat and Valued Trading Partner
Argentina’s Markets Surge as Milei’s Party Secures Major Win
British Journalist Sami Hamdi Detained by U.S. Authorities After Visa Revocation Amid Israel-Gaza Commentary
King Charles Unveils UK’s First LGBT+ Armed Forces Memorial at National Memorial Arboretum
At ninety-two and re-elected: Paul Biya secures eighth term in Cameroon amid unrest
Racist Incidents Against UK Nurses Surge by 55%
UK Chancellor Rachel Reeves Cites Shared Concerns With Trump Administration as Foundation for Early US-UK Trade Deal
Essentra plc: A Closer Look at a UK ‘Penny Stock’ Opportunity Amid Market Weakness
U.S. and China Near Deal to Avert Rare-Earth Export Controls Ahead of Trump-Xi Summit
Justin time: Justin Herbert Shields Madison Beer with Impressive Reflex at Lakers Game
Russia’s President Putin Declares Burevestnik Nuclear Cruise Missile Ready for Deployment
Giuffre’s Memoir Alleges Maxwell Claimed Sexual Act with Clooney
House Republicans Move to Strip NYC Mayoral Front-Runner Zohran Mamdani of U.S. Citizenship
Record-High Spoiled Ballots Signal Voter Discontent in Ireland’s 2025 Presidential Election
Philippines’ Taal Volcano Erupts Overnight with 2.4 km Ash Plume
Albania’s Virtual AI 'Minister' Diella Set to 'Birth' Eighty-Three Digital Assistants for MPs
Tesla Unveils Vision for Optimus V3 as ‘Biggest Product of All Time’, Including Surgical Capabilities
Francis Ford Coppola Auctions Luxury Watches After Self-Financed Film Flop
Convicted Sex Offender Mistakenly Freed by UK Prison Service Arrested in London
United States and China Begin Constructive Trade Negotiations Ahead of Trump–Xi Summit
U.S. Treasury Sanctions Colombia’s President Gustavo Petro over Drug-Trafficking Allegations
Miss USA Crowns Nebraska’s Audrey Eckert Amid Leadership Overhaul
‘I Am Not Done’: Kamala Harris Signals Possible 2028 White House Run
NBA Faces Integrity Crisis After Mass Arrests in Gambling Scandal
Swift Heist at the Louvre Sees Eight French Crown Jewels Stolen in Under Seven Minutes
U.S. Halts Trade Talks with Canada After Ontario Ad Using Reagan Voice Triggers Diplomatic Fallout
Microsoft AI CEO: ‘We’re making an AI that you can trust your kids to use’ — but can Microsoft rebuild its own trust before fixing the industry’s?
×