"Tax haven" does not mean illegal. The Cayman Islands are a well-known tax haven, just like Ireland, Singapore, and Jersey. It's top of the list when you Google

"Tax haven" does not mean illegal. The Cayman Islands are a well-known tax haven, just like Ireland, Singapore, and Jersey. It's top of the list when you Google "tax haven". It's number 2 on both the Hines and Zucman lists of tax havens and number 3 on the ITEP list. The Cayman Islands are also on the EU's Anti-Money Laundering blacklist for failure to prosecute money laundering cases.