Magazine
Latest Issue

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…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect