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Cook Islands Disputes Accuracy Of US Narcotics Report

Mary Swire, Tax-news.com, Hong Kong

20 March 2000

Cook Islands Financial Secretary Kevin Carr has strongly criticised the US State Department's International Narcotics Control Strategy Report as being based on hearsay rather than factual information (see Tax-news.com Resources section). According to Kevin Carr, the Report's assertion that the Cook Islands receives $1.2m per month as license fees for virtual casinos is simply untrue. Carr says in an interview reported in the Cook Islands News that the Government does not operate virtual casinos directly, and has not received revenue from virtual casinos in the past two years.

The Islands' Offshore Financial Services Commissioner, Mathilda Uhrle, had earlier said that the Report contained a number of generalisations and factual inaccuracies

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