SECOND TAKE
REUTERS: Cayman Islands could find a way around global tax reforms
The Cayman Islands are going to be just fine. The offshore tax haven is in theory swept up in global reforms that could put a blanket charge on companies, an effort by world leaders to reduce profit shifting and raise some revenue after a year of government stimulus. But many of the breaks the islands give to its pet sector of hedge funds and other investment firms may remain despite a push to make companies pay more. And exemptions are aplenty, suggesting that the Caymans can find them, too.
Despite having a population of under 65,000, about 100,000 companies are domiciled in the British territory in the Caribbean Sea off the coast of Central America. It offers significant tax benefits to companies and individuals, including no levies on income or gains for hedge funds or corporate profits. There are also no capital gains taxes for individuals...
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