PACIFIC: US accuses several countries of being tax havens

Updated June 19, 2007 20:19:13

The United States Congress is proposing tough new sanctions against nations deemed to be illegitimate tax havens. These include several Pacific nations - including Vanuatu, Nauru, Samoa and the Cook Islands. But critics say the tax systems of the US and other wealthy OECD nations are hardly a model of transparency themselves.

Marie-Noelle Ferrieux-Paterson, president of Transparency International Vanuatu; Jim Batty; former chairman of the Vanuatu Financial Centre Association

Presenter: Joanna McCarthy