I am bored with reading rubbish coming out of Cayman and elsewhere about the UK and their supposed claim that the UK and OECD are acting aggressively to close these places down because they are fearful of competition. This is an example:
So it is in the Cayman Islands, the UK’s Tax Haven, the City of London in competition wants the Cayman Islands international business so they work with the OECD and other international organizations to destroy the Cayman Islands as an International Business Center.
So the destruction of the Cayman Islands is constitutionally legal by the UK drafted constitution – they are the Law in all matters the consideration of the Caymanian people is secondary to the UK. Talk about an unfair partnership.
Would a mother be charged in the UK with child abuse if she got fat while her child starved to death?
This is complete nonsense. Cayman is an secrecy jurisdiction. Secrecy jurisdictions are places that intentionally create regulation for the primary benefit and use of those not resident in their geographical domain. That regulation is designed to undermine the legislation or regulation of another jurisdiction. To facilitate its use secrecy jurisdictions also create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so.
So let’s stop the nonsense about the UK having a duty to Cayman. It has not. Cayman has for years been trying to undermine the UK, deliberately and openly. And now they want to be bailed out.
Shall we face facts? Is it any surprise the UK has said no? After all – isn’t it also a parental job to impose discipline and stop wrong doing?