Tuesday, 13 October 2015
Last updated 18 hours ago
Mar 23 2010 | 3:22am ET
Direct taxes would be a bad idea in the Cayman Islands, domicile of approximately 80% of the world’s hedge funds, a blue-ribbon panel has said.
The Miller Commission, headed by former U.S. Federal Trade Commission Chairman James Miller, warned that imposing direct taxes could imperil the islands’ financial services industry.
The commission was created at the behest of the British government, which last year approved the Caymans’ request to exceed its debt limits.
“Our position is, and will continue to consistently be, that we do not believe that direct taxes are good for this country,” McKeeva Bush, the Cayman prime minister, said.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…