Every few years one or other of the mainstream media organs in Britain sends a young intern out to do an "investigative" once-in-a-lifetime report on Cayman's tax haven. This time it was the BBC. The documentary has some of us laughing, others highly indignant. The boys are told to take plenty of photos of flashy cars, flashy self-promoters and flashy girls in bikinis lounging about on boats. No expense spared. I'm sure many BE members will have family or friends who have seen the program, so they might be interested to read a couple of the local reactions, at this link.
https://cnsbusiness.com/2016/01/25/g.../#comment-1971
As a former Manager of the local Chamber of Commerce, I am most bothered by the lack of preparedness of our three highest officials - the British Governor and the chief Caymanian politician and the chief Caymanian tax-haven spokesman. All three made themselves look incompetent. Sigh. I have blogged on the topic of "offshore" tax havens several times over the years...
http://www.barlowscayman.blogspot.com
The latest hatchet job on Cayman
In my sixth line above I mis-typed "EB" (Expat.com") as "BE". Sorry about that. Sorry, too, for not typing "expat.com", as we now are! So much to learn, so little time...
Here's a good article by a local commentator who is usually good value.
https://www.caymancompass.com/2016/02/0 … a-culture/
Here is a link to a recent local news report about Oxfam's attempt to persuade all the world's countries to levy exactly the same taxes. Oxfam may well be part of the New World Order we read about. Mine was one of the comments published below the report, down towards the bottom. (All the other comments are anonymous, because there is fairly strict censorship here, especially of foreigners on Work Permits.)
https://cnsbusiness.com/2016/12/cayman- … tax-haven/
During my time as Manager of the Cayman Islands Chamber of Commerce, I was heavily involved in the fierce battle to fend off a proposed local income-tax in the late 1980s, and I remain a very strong defender of "Offshore" tax-havens. Our government gets on very well without stealing residents' incomes - at least by way of direct income-tax!
