Cayman Islands direct taxation debate

A debate is continuing in the Cayman Islands as to whether the government should rethink its opposition to introducing direct taxes to plug a worsening deficit.



At the moment, the British territory\'s government is struggling to pay its bills.



Britain has refused to sanction a Cayman request to borrow US$372 million and has recommended that the territory raise money though taxes instead.



It’s reported that there is a growing and surprising support for direct taxation in the territory.