CaymanCruiser

3 ms·

1.
by CaymanCruiser 7y ago
>It makes a gross assumption that people are incapable of keeping their government in check. There is a difference between keeping a government in check, and ensuring governance stays relevant. Western democracy usually ensures the forme
2.
by CaymanCruiser 7y ago
> ...unfair, extra-legal competitive advantage. It is not unfair, and it is not extra-legal. Anyone can offshore their company and in some cases it can take less than an day (incorporating an LLP in the UK takes a couple of hours) with v
3.
by CaymanCruiser 7y ago
I think the true moral crime here is preventing sovereign nations (using bullying tactics no less) who lack natural resources and other income-generating resources from offering convenient and flexible regulatory climates to business who ne
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by CaymanCruiser 7y ago
>This may be terribly naive, but doesn't that make the business de-facto illegal? What kind of legitimate business deserves to buck paying into the systems that support them? As a default I want to disagree, but I would like to know
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by CaymanCruiser 7y ago
There are two dimensions here, one is the tax liability and the second is regulatory compliance. Yes, the tax liability is significantly reduced when using offshore structures and I don't necessarily see this as a bad thing especially
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by CaymanCruiser 7y ago
Using a throwaway for obvious reasons. I have a fair bit of insight into this industry, both from friends, acquaintances, and family who use a variety of offshore structures to manage their wealth and from my own dealings (the company I fou