It’s reportedAnthony Travers, chairman of Cayman Finance, has criticised UK politicians and a group of activists he calls the “Tax Taliban.”
Who are the “Tax Taliban” Travers referred to when addressing over 1,000 delegates at the IMAC Cayman Captive Forum 2010 held on Grand Cayman? Apparently they are
“small but disproportionately vocal bodies”.
He was referring to the UK based Tax Justice Network and its chief propagandist, Richard Murphy
Thanks Anthony. That should help my progress through airport security over the next 24 hours no end.
And note my crimes: they are having a
leftist mantra [that] favours high tax regimes throughout the world and fails to acknowledge the immorality of taking huge percentage of taxpayers’ earnings nor the negative effect high taxes have on exchequer revenues.
Two comments: first Cayman has no tax on earnings, which puts his claim on “huge percentages” into perspective.
Second, note that so far no one has shown anywhere (bar, possibly, Sweden, and then only just) is on the downward side of the Laffer curve, if such a thing exists.
So, it looks to me that Anthony’s just gone and done what he’s so good at — shooting himself in the foot.
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I was laughing so much at this diatribe from the Cayman Finance guy that I almost fell off my swivel chair. 😛
Whenever someone starts chucking around terms like “leftist mantra” you know they’ve lost it.
@Howard
Glad to have amused
Poor Tony
Truth is he never had it to lose….
Recollection says that a caiman (after which the islands are named) is an aggressive reptilian predator…
You are with us or against us, tough choice.
Hang on, this guy can’t have it both ways. Either you are increasing the tax take (immorally) or you are reducing it because of the Laffer curve consequence of the high tax rates you allegedly espouse!
Travers was earning over £5 million a year for the best part of two decades as one of the best lawyers in his jurisdiction of choice. The thought that you might be his intellectual superior is laughable in the extreme
@Gutbucket
Oh I see….earnings are directly correlated to intellect – even when derived in a tax haven
How silly of me not to realise
And that of course explains why all universities are so bad
Travers was a Cambridge man, if I recall correctly, as opposed to … Southampton…
@Gutbucket
Oh shame on me
I’ll hand my head
And kiss the ground he walks on
Or, alternatively, and very directly tell you that if you really think that has any relevance (Cambridge did not do the degree I wanted) then you’re even more of a twit than I previously thought
[…] week Anthony Travers, head of Cayman Finance described me as the head of the “tax Taliban”. Given he seems to think this apparently includes “onshore Treasury, and supranational and […]
@gutbucket
Some very bright people are educated outside of the oxbridge sphere and some very stupid can be educated in it (with the help of wealthy parents). Given that charlie gilmore (the tuition fees protestor) is reading history in cambridge and yet was still unaware what the cenotaph was, until very recently. I hardly think everyone who went to cambridge are the intellectual superiors of every southhampton graduate.
Trying to prove your point by belittling a persons education can just make you look childish and doesn’t really advance your argument.