You both are right though. Cayman Islands is actually a trusted jurisdiction for parking cash for companies, part of the reason why a lot of hedge funds are bas

You both are right though. Cayman Islands is actually a trusted jurisdiction for parking cash for companies, part of the reason why a lot of hedge funds are based out of it. Same for BVI, the Channel Islands, etc. Those are jurisdictions enabled by US' own laws to park American money - they fully comply with American rules and if the rich are allowed to park their money, it's because US Law lets them to do so. Now if someone or some corporation's hiding money in Dubai, Cyprus or Liechtenstein or one of those dozens of other dodgy tax havens, then you can bet your ass there's something shady behind the scenes. My neighbor for a while in Dubai was a wanted criminal in the UK.