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Corporate America Flees Caribbean Tax Havens
David Marchant
Posted: Saturday, November 17, 2018
Joined: 9/13/2007
Posts: 1249

Treasury & Risk: Many U.S. multinational corporations have packed up subsidiaries based in the island destinations of the Cayman Islands and the Bahamas, or they are choosing to open entities in low-tax, rather than no-tax, countries that are seen as more legitimate.

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Cayman Court Secrecy: A Huge Red Flag for Foreign Investors & Clients
David Marchant
As any fule kno, the biggest enemy of fraud, corruption, money laundering, and other forms of financial crime is transparency, while their best friend is secrecy. That's why the unprecedented mass sealing of cases that's taking place at the Financial Services Division of the Grand Court of the Cayman Islands is repugnant to anyone with a genuine concern for financial crime.