The Antigua and Barbuda politician, Asot Michael, believes there is plenty of work to be done to help his nation become an international force. The Member of Parliament for the Saint Paul constituency is working to bring the policies of the Antigua and Barbuda Labour Party to life. Asot Michael has been looking at ways to make his home nation an international force for the future (LinkedIn).
The nation has become known around the world for its low taxes and friendly offshore economy. In the view of Asot Michael, the future of the Antigua and Barbuda banking sector lies away from providing a friendly offshore tax haven for international corporations. The U.S.-educated politicians believe the financial sector in Antigua and Barbuda will face sanctions from the European Union and other political heavyweights. Asot Michael has been looking at the international development trends affecting his home nation.
In the long-term, the Member of Parliament believes the current reliance on the tax haven status of Antigua and Barbuda is unreliable. The net around the richest people in the world and the largest corporations using tax havens is tightening. Asot Michael believes the partnership between Antigua and Barbuda and the European Union will be damaged if the Caribbean nation remains an illegal tax haven. However, the politician who graduated as a business and finance expert believes strides are being taken to improve the reputation of Antigua and Barbuda.
The honorable Asot Michael applauds the Antigua & Barbuda Labour Party for its decision to raise the tax rate for foreign corporations to 20-percent. The MP hopes this will send a message to corporations and win back the support of The European Union. Using the growing tax fund for good is next on the list of Asot Michael. The politician has backed a new housing program including the installation of high-speed internet in Antigua and Barbuda. Connecting the people of the nation with the outside world will improve its position as a developing nation, in the view of Asot Michael.
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