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Publications and Resources
Learn more about the benefits the Cayman Islands
provides to the global economy
Publications and Resources
Learn more about the benefits the Cayman Islands provides to the global economy
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FEATURED TOPIC #1.
'State of Tax Justice 2021:
A Critical Review'
Cayman Finance has released a critical analysis of a new report by the Tax Justice Network, the State of Tax Justice 2021. TJN’s use of extremely distorted estimates and its failure to acknowledge the Cayman Islands’ tax neutrality and significant safeguards against tax evasion and aggressive tax avoidance have resulted in a report that is highly unreliable in its conclusions about the Cayman Islands financial services industry. As Cayman Finance research continues to demonstrate, TJN reports consistently lack credibility because of significant problems with their choice of data and application of methodology.
Cayman Finance’s new analytical report – “TJN’s State of Tax Justice: A Critical Review” – evaluates TJN’s State of Tax Justice Report for 2021 as well as the version previously released for 2020. Cayman Finance’s assessment was produced by noted economist Julian Morris and addresses both highly inaccurate estimates of corporate tax data as well as substantial errors in TJN’s reporting on the legal and regulatory environment in the Cayman Islands.
FEATURED TOPIC #2.
Cayman: Engine of Growth and
Good Governance
Trade and investment are engines of innovation and growth. Underpinning both are effective institutions: good governance (especially, political stability and the rule of law), a high-quality legal system that protects owners of assets, and effective and adaptive legislation and regulation. The “Cayman: Engine of Growth and Good Governance” report has been commissioned by Cayman Finance to help clarify how the Cayman Islands has successfully combined all of these attributes with others that make it unique to international investors, to help drive the international economy and facilitate global economic growth.
This new report documents how the jurisdiction’s unique combination of tax neutrality, high-quality legal and regulatory system, and professional expertise attract Collective Investment Vehicles (CIVs) and Multinational Enterprises (MNEs), providing economic benefits to other jurisdictions without posing tax harm.
FEATURED TOPIC #2.
Cayman: Engine of Growth and Good Governance
Trade and investment are engines of innovation and growth. Underpinning both are effective institutions: good governance (especially, political stability and the rule of law), a high-quality legal system that protects owners of assets, and effective and adaptive legislation and regulation. The “Cayman: Engine of Growth and Good Governance” report has been commissioned by Cayman Finance to help clarify how the Cayman Islands has successfully combined all of these attributes with others that make it unique to international investors, to help drive the international economy and facilitate global economic growth.
This new report documents how the jurisdiction’s unique combination of tax neutrality, high-quality legal and regulatory system, and professional expertise attract Collective Investment Vehicles (CIVs) and Multinational Enterprises (MNEs), providing economic benefits to other jurisdictions without posing tax harm.
FEATURED TOPIC #3.
A Review of TJN's Financial Secrecy Index
Cayman Finance has released a research-based analysis of the Tax Justice Network (TJN) Financial Secrecy Index that shows TJN used inaccurate data and biased criteria to present an unreliable view of the Cayman Islands.
In February 2020, the TJN published its latest Financial Secrecy Index (FSI), which ranked the Cayman Islands as the most important provider of financial secrecy. This came as a surprise to many in Cayman, since the jurisdiction is very well regulated, has stringent procedures to prevent and identify financial crimes, has in place a fully verified beneficial ownership registry for corporations, and meets international standards that address tax evasion, money laundering and terrorism financing.
This review seeks to understand better what led to Cayman being ranked first on the 2020 FSI, to address possible errors made in the ranking process, and to correct other defects with the construction of the index.
FEATURED TOPIC #4.
Tax Neutrality
The Cayman Islands Tax Neutrality Explained is a one-page flyer explaining how the Cayman Islands is a tax neutral hub that efficiently supports global economic growth and recovery. Additionally, it highlights how Cayman’s Tax Neutral policy automatically alleviates double taxation by allocating all of the taxing rights to the other country which is free to impose its domestic tax policy on the cross-border transactions with Cayman as it sees fit, without the need for a tax treaty.
Cayman Islands Tax Neutrality Overview demonstrates how Cayman’s Tax Neutral policy is supported by United Nations and OECD Model Conventions. While the OECD Model Tax Convention on Income and Capital gives guidance on the use of Double Taxation Treaties to address the burden of double taxation on cross border economic activities, it also recognises alternative tax policy models for addressing (i) double taxation, (ii) tax conflict mediation, and (iii) tax information sharing to protect against tax evasion and aggressive tax avoidance.
FEATURED TOPIC #4.
TAX NEUTRALITY
The Cayman Islands Tax Neutrality Explained is a one-page flyer explaining how the Cayman Islands is a tax neutral hub that efficiently supports global economic growth and recovery. Additionally, it highlights how Cayman’s Tax Neutral policy automatically alleviates double taxation by allocating all of the taxing rights to the other country which is free to impose its domestic tax policy on the cross-border transactions with Cayman as it sees fit, without the need for a tax treaty.
Cayman Islands Tax Neutrality Overview demonstrates how Cayman’s Tax Neutral policy is supported by United Nations and OECD Model Conventions. While the OECD Model Tax Convention on Income and Capital gives guidance on the use of Double Taxation Treaties to address the burden of double taxation on cross border economic activities, it also recognises alternative tax policy models for addressing (i) double taxation, (ii) tax conflict mediation, and (iii) tax information sharing to protect against tax evasion and aggressive tax avoidance.
FEATURED
PUBLICATIONS
PUBLICATIONS
The Cayman Islands:
An Extender of Value to
countries around the world
These booklets have been developed by Cayman Finance to share information about the essential role of the Cayman Islands Financial Services Industry in the global economy, and particularly highlight how the Cayman Islands is an extender of value and an important partner to countries around the world at a time when the these countries are in an era of evolving global trade relations and other important changes in the global economy.
FEATURED
PUBLICATIONS
PUBLICATIONS
The Cayman Islands:
An Extender of Value to countries around the world
These booklets have been developed by Cayman Finance to share information about the essential role of the Cayman Islands Financial Services Industry in the global economy, and particularly highlight how the Cayman Islands is an extender of value and an important partner to countries around the world at a time when the these countries are in an era of evolving global trade relations and other important changes in the global economy.
Research & Thought Leadership
Cayman Finance has proven to be a thought leader in the areas of international financial centres and tax neutrality. This includes how top quality IFCs benefit the global economy and the importance of tax neutrality in creating efficiency without causing tax harm to other countries.
Cayman: Engine of Growth and Good Governance
Trade and investment are engines of innovation and growth. Underpinning both are effective institutions: good governance (especially, political stability and the rule of law), a high-quality legal system that protects owners of assets, and effective and adaptive legislation and regulation.
Read More
Cayman Finance Submission to the OECD Pillar One and Pillar Two Blueprints
This document is the Cayman Finance submission to the Public Consultation on the OECD Pillar One and Pillar Two Blueprints. - December 2020.
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Cayman Finance Submission to OECD Pillar Two public consultation
This document is the Cayman Finance submission to the OECD Public Consultation Document – Global Anti-Base Erosion Proposal (“GLoBE”) Pillar 2 – December 2019.
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Putting Cayman in Context: The Truth About Onshore Taxes
An Executive Summary of an academic research paper by Oxford Economics. The study was been set up in the context of discussions on the use of offshore jurisdictions for establishing financial services operations, in particular for capital aggregation, and the tax treatment of such operations in those jurisdictions.
Read More
Oxford Economics Research Paper – An Analysis of EU Tax Regimes and How They Compare with Rates in Cayman
This study has been set up in the context of discussions on the use of offshore jurisdictions for establishing financial services operations, in particular for capital aggregation, and the tax treatment of such operations in those jurisdictions.
Read More
Research & Thought Leadership
Cayman Finance has proven to be a thought leader in the areas of international financial centres and tax neutrality. This includes how top quality IFCs benefit the global economy and the importance of tax neutrality in creating efficiency without causing tax harm to other countries.
Cayman: Engine of Growth and Good Governance
Trade and investment are engines of innovation and growth. Underpinning both are effective institutions: good governance (especially, political stability and the rule of law), a high-quality legal system that protects owners of assets, and effective and adaptive legislation and regulation.
Read More
Cayman Finance Submission to the OECD Pillar One and Pillar Two Blueprints
This document is the Cayman Finance submission to the Public Consultation on the OECD Pillar One and Pillar Two Blueprints. - December 2020.
Read More
Cayman Finance Submission to OECD Pillar Two public consultation
This document is the Cayman Finance submission to the OECD Public Consultation Document – Global Anti-Base Erosion Proposal (“GLoBE”) Pillar 2 – December 2019.
Read More
Putting Cayman in Context: The Truth About Onshore Taxes
An Executive Summary of an academic research paper by Oxford Economics. The study was been set up in the context of discussions on the use of offshore jurisdictions for establishing financial services operations, in particular for capital aggregation, and the tax treatment of such operations in those jurisdictions.
Read More
Oxford Economics Research Paper – An Analysis of EU Tax Regimes and How They Compare with Rates in Cayman
This study has been set up in the context of discussions on the use of offshore jurisdictions for establishing financial services operations, in particular for capital aggregation, and the tax treatment of such operations in those jurisdictions.
Read More
