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Cayman Finance Summit to prove Cayman’s low tax model generates best results for global economy

Monday, April 12, 2010
Opalesque Industry Update – The British and US governments and other members of the G20 face a severe mauling at a summit meeting in the Cayman Islands on May 6th.

The event is the inaugural Cayman Finance Summit and a distinguished panel of global experts will join together to illustrate why Cayman’s low tax model is the one that will generate the best results for the global economy.

The keynote speaker is Dick Armey, former leader of the US House of Representatives, who will cover “Tax Competition – The Way Forward.”

However, the most controversial presentation is set to be delivered by British academic Richard Teather who will deliver his paper on “The fallacy that low tax rates contribute to poverty and why high tax rates do.”

The conference will be chaired by Anthony Travers OBE, chairman of Cayman Finance and other speakers include:-

- Matthew Jones of the Alternative Investment Management Associations (AIMA) who asks “ Will Protectionist EU Legislation Work?”

- Former Reagan cabinet member James Miller and David Shaw, former Conservative MP will discuss their recently released “Miller Report” that sets out a clear roadmap for Cayman’s economic recovery including an outright rejection of direct taxation for the islanders.

- Washington, DC lobbyist (and former Clinton counsel) Jack Quinn and UK PR expert Jack Irvine will examine how the UK and US media has perpetuated misperceptions about Cayman and how Cayman Finance is actively educating and changing the minds of these key influencers.

- Other leading economists speaking at this event are: Gary Hufbauer of the Peterson Institute for International Economics who will provide his insights on “The International Tax Proposals and Their Implications for Cayman; Stephen Entin, President and Executive Director at the Institute for Research on the Economics of Taxation who will speak on “No More Tax Avoidance: A Territorial Approach”; and Daniel Mitchell of the CATO Institute, who will speak on “The Supra-Nationals and the Not-So-Hidden Agenda”.

The Honourable Premier McKeeva Bush will open the conference and Managing Director of the Cayman Islands Monetary Authority Cindy Scotland will provide an update from the regulator.

The conference will be held at The Ritz Carlton, Grand Cayman on Thursday 6 May from 8:00 am – 5:00 pm with a cocktail reception immediately following. Delegate fees are US$300 for Cayman Finance members and US$350 for non-members.

For more information or to register for the conference, visit

Cayman Finance is the not-for-profit association that is the voice of Cayman’s financial services industry, promoting the high quality, transparency and integrity that makes Cayman a leading international financial centre. Funded by the private sector and partnering with the Cayman Islands Government, Cayman Finance’s mission is to educate local, regional and global media, politicians and the public at large about the positive impact Cayman’s financial services industry has on both global and local economies.


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