Cooks Islands Tax Revenue Doubles Over Five Years by Mary Swire, Tax-News.com, Hong Kong 29 January 2003 Finance Secretary for the Cook Islands, Kevin Carr announced recently that taxation revenue has almost doubled in the jurisdiction over the last five years. Citing tourism, the pearl industry and the fishing sector as the driving forces behind the economy of the Cooks, Mr Carr also reported a 1.5% increase in economic growth, and predicted that the Islands can achieve growth levels of 3.2% per year in the long-term. However, he warned that the current economic uncertainty and the threat of war with Iraq could damage the jurisdiction's prospects for the future. .

IMPORTANT NOTICE: TAX-NEWS.COM has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright TAX-NEWS.COM 1999 to 2007. Contact us for further information.