3 ms·
Cayman Islands is a tax haven
by 2OEH8eoCRo0 1y ago
Cayman Islands is a tax haven
- sleepybrett 1y agoIt's a tax haven right up until, say, the us navy parks a fleet on their doorstep.
- ceejayoz 1y agoThe US Navy isn't gonna want to piss off 80% or more of Congress that way.
- dylan604 1y agoAlso the fact the US Navy doesn’t just make decisions on its own to blockade another nation. It would do so under orders. The person giving that order more than likely would have accounts there themself. So that’s very unlikely to be an order ever actually given.
- micromacrofoot 1y agoForget congress, probably half the first world's leadership
- heavyset_go 1y agoThe navy that exists to serve the ruling class that certainly have their own wealth hidden in tax havens?
- khurs 1y agoCayman Islands, along with British Virgin Islands, Jersey, Guernsey etc are all part of the UK. And as allies of the USA, the navy ain't coming.
- sershe 1y agoIt would be a wonderful world if only people could force those running a less dumb economy to abide by their dumber rules. Wouldn't it be awesome if NK could park a navy somewhere and make sure everyone does things for the benefits of The People and not in whatever selfish way they do them now?
- pc86 1y agoWhat does this mean? What does it have to do with the comment you're replying to?
- lossolo 1y agoWhat's interesting about the Cayman Islands is that they are the 4th largest holder of U.S. debt, with $441 billion[1]. So USD flows into Cayman banks, and those banks need to do something with the massive amounts of money just sitting there. So what do they do? They buy U.S. Treasuries. And half a trillion dollars is just their holdings in U.S. debt, imagine how much more money is hidden in those accounts and invested in other assets. 1. https://ticdata.treasury.gov/resource-center/data-chart-center/tic/Documents/slt_table5.html https://ticdata.treasury.gov/resource-center/data-chart-cent...