Though most of the media haven’t noticed, one thing many of the world leaders meeting at the G20 summit in
As The Wall Street Journal explained on April 2, the Organization for Economic Cooperation and Development (OECD) is to report tax haven cooperation by November when the finance ministers meeting in
CNBC’s Michelle Caruso Cabrera, who provides a Libertarian perspective for the network’s show “Power Lunch,” had a problem with that goal of the G20.
“We haven’t talked at all about the G20 and what makes me crazy is they want to go after the tax havens out there,” Caruso Cabrera said on the April 2 broadcast. “Tax havens are good. Leave
However, as CNBC Washington correspondent John Harwood pointed out, the leaders of the G20 are speaking out in unity about going after these tax havens, to the dismay of Caruso Cabrera. She insisted this would encourage third-world countries with a disregard for sanctions to recruit corporations by lowering their tax rates and therefore, line the pockets of brutal dictators.
“They are so wrong, John. They are so wrong,” Caruso Cabrera said. “