Cayman Net News
   Welcome to Cayman Net News Online: Today's print edition 
Search: web our site     



News from the Cayman Islands for
LETTERS
Prev    Next

Letter: Where do I sign up?

Published on Friday, June 11, 2010 Email To Friend    Print Version

Dear Sir:

US corporations use tax havens to force effective territorial taxation of their businesses so that they can compete with every other country that only taxes inside its borders.

Since the US sees fit to violate its “no taxation without representation” mantra when it comes to companies spanning borders, business deals with the situation by establishing HQ in tax neutral jurisdictions. Each country is thus able to tax only the activities inside its own borders instead of inside everyone else's. The people who complain about this arrangement are people who seek what they don't earn.

As for those poor Americans hired through Cayman; they also don't have to pay 15percent of their salary into a government-run Ponzi scheme, which taxes them more than they'll likely ever recover. Unemployment insurance on the private market costs less than 1 percent of salary so any American who wants these valuable “benefits” can avail himself of them at 1/15th the cost of the tax. A person employed via this route should net a nice 14 percent gain on their own check. Where do I sign up?

John Haubrich
 
Reads : 1086

Comments:

No comment for this topic yet. Be the first one to give comment.

Back...

Send us your comments!  

Send us your comments on this article for publication in our Readers' Forum or as a Letter to the Editor. All fields are required and in the interest of openness and transparency we will no longer accept anonymous submissions. We therefore request that all submissions include a name for publication, regardless of content. We will in special circumstances protect a writer's identity only after we have established good cause for anonymity, otherwise we will not be able to publish the submission.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, it will be a waste of your time typing your submission because we will never see it!

Your Name:
Your Email: (Validation required)
Comments:
Enter Validation Code *


 
Click here for the latest print edition