What's so great about the Cayman Islands?

[ck4829]

I've noticed a lot of RW'ers have set up shop there.

George W. Bush once had a business connected to his other businesses on the Cayman Islands.

Halliburton has a subsidiary on the Cayman Islands.

Oliver North once had a business on the Cayman Islands.

Pat Robertson's Freedom Gold Ltd. was based in the Cayman Islands.

It must be a nice place, right?

[flamingyouth]

1. No income tax.

[mike_c]

2. it's a tax shelter....

eom

[Catherine Vincent]

3. What the above poster said.

But I do know they have beautiful beaches.

[Tace]

4. Offshore Banking Haven

[SteppingRazor]

5. Great tax laws for corporations...

Also, for the record, a pretty sweet place. Awesome beaches, AMAZING snorkeling... pity the government's a bunch of corporate whores. They could probably do just as well relying on tourism.

[TahitiNut]

6. Good SCUBA Diving!

:silly:

[lutherj]

7. It's a nice place. Great diving. It's also a tax haven.

Cayman has a bank that serves as the reserve bank for the caribbean. It also has laws allowing "secret" bank accounts, similar to Switzerland.

[RebelOne]

8. I applied for a job with a magazine in the Caymans.

I was interviewed in Miami by the publisher. I was quite a bit younger then. But the publisher told me I probably wouldn't like it because there was no night life. I guess he got the impression that I was a party girl.