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Tax avoidance: the Cayman question

The government is telling us to tighten our belts, but is it doing the same? Or do the Tories have vested interests in offshore tax havens?

By Philip Clothier   November 2010

The Cayman Islands: a tax-free paradise for Conservative donors, among others

In the Cayman Islands they are celebrating the end of one of the more scary windy seasons. The gigantic Hurricane Earl had promised to cause havoc, just as Hurricane Ivan had in 2004. But this time the islands were saved, as Earl swung away to terrorise the eastern seaboard of the US instead.

Meanwhile, a more serious threat has been hovering over the Caymans: the threat to its famous tax haven status. The issue is whether to let the Caymans continue as an offshore haven through which billions of…

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