Cayman Government promises no new taxes

Cayman Finance Minister Roy McTaggart told a recent Chamber of Commerce economic forum that no “coercive revenue measures” will be introduced during the Cayman Government’s term in office, which ends in 2021.

The Minister said that the undertaking was intended to give the private sector comfort, certainty and confidence.

McTaggart also noted that the government of the Cayman Islands is committed to reducing taxes in areas that will promote economic growth, as well as to reducing the cost of doing business and the cost of living for residents.

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