Editorial: Too much information?.
There's a fluster down in Cayman: how much information might they concede to thsie who demand it (like me):
[T]he situation has the potential to develop into a local versus foreigners (just come) dispute, with the largely local Caymanian interests quite rightly keen to protect not only their clients’ rights but also their own businesses, which actually contribute significant sums of money to the local economy, against the largely foreign or expatriate dominated firms who could easily be perceived as trying to cut out the local interests.
We hope that a way forward acceptable to all parties will be found quickly, without the situation degenerating into an unseemly argument.
An interesting insight inton the true nature of the place - and an argument over which they really have no eventual control.
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Just an observation, …people don’t deposit or invest in offshore financial centres like the Caymans, Isle of Man, Jersey, Guernsey, etc., with the altruistic idea that in doing so they are going to benefit the local population of these islands. ‘The locals’ benefit only as a spin-off from the taxes companies pay for the advantage of operating there & from the consumption of goods & services by staff.