Cayman Islands’ Government Promises No New Taxes

Cayman Finance Minister Roy McTaggart told a recent Chamber of Commerce economic forum that no “coercive revenue measures” will be introduced during the government’s term in office, which ends in 2021.

He said the undertaking was intended to give the private sector “comfort, certainty, and confidence … to make investments with the knowledge that government will not throw any curve balls their way.”

McTaggart also said the government is committed to reducing taxes in areas that will promote economic growth, and to reducing the cost of doing business and the cost of living for residents.

 

Via: Tax-News (Global Tax News)

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