•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

From Kirsten Bischoff, Opalesque New York:

As discussed during the most recent Opalesque Roundtable (available here: Source) one of difficult battle the Cayman Islands currently face is changing the public's perception of what their status as a tax neutral domicile actually means. "This thinking, which has been circulated in the U.S. as a common or a popular idea, that people using Cayman Islands hedge funds would be evading tax is absolutely incorrect on every level." Said dms Management's Managing Director Don Seymour during the Roundtable.

Cayman Islands Financial Services Association has hired publicity firms and lobbyists to try and control some of this public perception that is fed by the media and bolstered by Hollywood. This campaign includes a recent opinion piece written by Cayman Islands Financial Services Association (CIFMA) Chairman Anthony Travers and published in the Washington Post. "The Cayman Islands are a fully transparent tax jurisdiction. Statements to the contrary in the United States are incorrect." Travers says. (full article available here: Source)

During the Opalesque Roundtable the discussion focused on some of this misplaced perception and Peter Cockhill, Partner at offshore legal and fiduciary services organi......................

To view our full article Click here