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by ImPostingOnHN
1096 days ago
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the home country is the Cayman islands, the operating country may be different, and either way, the motivation and ability to use the Cayman Islands as a tax haven derives from both countries > Cayman invests a lot of energy in sensible and globally integrated financial regulations. We specialize on that as a country. the reason the Cayman islands may have made all those investments is because that is what is expected of a mature tax haven > we can’t be held responsible for what those funds transfers are used for > what are we supposed to do about another country’s laws? I mean, if you don't want to be a tax haven, you could raise taxes to be less favorable to businesses, but I'm not saying you should do anything, because this conversation is descriptive, not prescriptive |
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