Cayman Islands' Government Promises No New Taxes
by Mike Godfrey, Tax-News.com, Washington
04 June 2018
Cayman Finance Minister Roy McTaggart told a recent Chamber of Commerce economic forum that no "coercive revenue measures" will be introduced during the government's term in office, which ends in 2021.
He said the undertaking was intended to give the private sector "comfort, certainty, and confidence … to make investments with the knowledge that government will not throw any curve balls their way."
McTaggart also said the government is committed to reducing taxes in areas that will promote economic growth, and to reducing the cost of doing business and the cost of living for residents.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- The end of Nominees is delighting criminals »
- The United States reclaims the spotlight... »
- How will Irish Businesses with UK ownership be affected by the Brexit Transition Period »
- Starting a Business in Arizona - Guide »
- Will you be my (tax) valentine? »
- EU Throws Weight Around On Compliance, Trade »
- The Digital Tax Binary Dominates »
- Starting a Business in Hong Kong in 2020 - All You Need to Know »
- Ireland Succumbs To Election Fever... »
- Reforms Continue Apace, Offshore Centers Muscle In... »