{"id":12329,"date":"2011-10-11T08:01:30","date_gmt":"2011-10-11T07:01:30","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=12329"},"modified":"2011-10-10T18:12:51","modified_gmt":"2011-10-10T17:12:51","slug":"cayman-feels-the-heat-of-tax-justice","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/10\/11\/cayman-feels-the-heat-of-tax-justice\/","title":{"rendered":"Cayman feels the heat of Tax Justice"},"content":{"rendered":"

Cayman News\u00a0Service\u00a0has reported<\/a>:<\/p>\n

Former Cayman Islands Monetary Authority chairman, Tim Ridley, believes that Cayman\u2019s public and private sectors ought to be doing much more to defend Cayman\u2019s stance globally, with nothing less than the islands' financial services industry at stake. Ridley says that the recent report by the Tax Justice Network reveals a continuous need for Cayman to keep presenting what he says is the accurate position about the local financial services industry.\u00a0 The former CIMA boss said that although efforts are made, they have been \u201csporadic\u201d and reactive, not proactive as it needs to be.<\/p>\n

\u201cThe recent highly subjective and somewhat 'short on substance' secrecy report by the Tax Justice Network underscores how essential it is that Cayman presents the accurate position whenever and wherever possible and to those that matter,\u201d he said.<\/p>\n

Although Ridley concedes that the Cayman Islands Government and the private sector do, for the most part, appreciate the importance of defending Cayman\u2019s position abroad, he called the actual development and implementation of coherent strategic plans \u201csporadic\u201d and \u201creactive rather than proactive.\u201d Both the government and the private sector need to up their respective games, he said, by devoting significantly more time and resources to meet these challenges.<\/p>\n

\u201cThose who would bury places like Cayman are in deadly earnest,\u201d Ridley said. \u201cSo the very future of the financial services industry in Cayman is at stake.\"<\/p><\/blockquote>\n

Tim is right: we're in deadly earnest.<\/p>\n

It's nice of him to acknowledge we're also winning.<\/p>\n

The TJN report on Cayman is here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cayman News\u00a0Service\u00a0has reported: Former Cayman Islands Monetary Authority chairman, Tim Ridley, believes that Cayman\u2019s public and private sectors ought to be doing much more to
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,113,11,1],"tags":[],"class_list":["post-12329","post","type-post","status-publish","format-standard","hentry","category-cayman","category-financial-secrecy-index","category-tax-justice-network","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/12329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=12329"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/12329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=12329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=12329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=12329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}