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by DelaneyM 1088 days ago
Companies are not putting money in Cayman to hide it.

Some companies put money outside of their operating or home country to minimize taxes, but Cayman has no part of that besides being “not their operating country”.

And it’s actually less often the tax treatment of funds which brings companies to Cayman, and much more often the simpler regulations. Operating globally often means a geometric growth in financial complexity. Cayman is a neutral third country, which simplifies things tremendously. Think of us like a financial cache.