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Cayman Finance rubbishes Oxfam report

Wrong and purposefully misleading rhetoric pretending to be research.
That’s how Cayman Finance CEO Jude Scott describes Oxfam’s latest report.
The report, Tax Battles: The Dangerous Global Race to the Bottom on Corporate Tax, was published this week and names Cayman as the second-worst tax haven.
Bermuda was listed as first. But Mr Scott says it’s nonsense.
“The Cayman Islands is not a ‘tax haven,'” he said through a press release.
“Cayman is an efficient and effective tax neutral jurisdiction that does not add additional taxes and has been recognised for decades as a strong partner in combatting global financial crime including money-laundering, terrorism financing, corruption and tax evasion.
Yesterday Financial Services Minister Hon. Wayne Panton also dismissed the Oxfam report as inaccurate. The international charity defended the report and its methodology on Twitter

About the author

Reshma Ragoonath

Reshma Ragoonath

Reshma Ragoonath is a Trinidadian journalist with 16 years media experience with a strong background in print with her most recent stint at The Cayman Reporter. She has a BA in Mass Communications, as well as, an Associate degree in Journalism and Public Relations.

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