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Cayman Islands Tax Haven
Cayman Islands Map
The Caymans Islands is a zero tax haven, and a British dependency. Legend has it that British King George III granted the islanders perpetual tax exemption after they saved a British prince from death on the high seas.
More recently, the Cayman Islands has suffered a crippling economic crisis as a result of the worldwide banking crisis (reduction in private wealth) and interntional stigmatisation of the island as an immoral tax haven. The Islands are now set to receive bailout funds from the UK and are considering imposing direct taxation in order to balance their books.
Cayman
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