Julian Morris on Caymans’ Tax Status
Cayman Compass – ICLE Senior Scholar Julian Morris was quoted by the Cayman Compass in a story about the impact that the global minimum tax could have on business in the Cayman Islands. You can read full piece here.
Julian Morris, a Cayman Islands-based economist who was also a guest on Thursday’s panel discussion at the Kimpton Seafire Resort, suggested this would effectively defeat the object of the measure – which is intended to repatriate wealth to the US and European countries.
Morris suggested this reaction from competitor jurisdictions would play into Cayman’s hands.
“Cayman will remain a pure tax-neutral jurisdiction and therefore could become even more attractive as a domicile,” he suggested.