Quote:
Originally Posted by exmen  The tax incentive promotes economic activity in the island since more entrepreneurs are encouraged to set up their respective businesses. It is not a tax evasion case for a business to be set up in Cayman. Tax avoidance to me is vague and synonymous to tax evasion. |
Many large corporations have offices in Tax havens to "avoid" tax, most of them are well know.
Do a search and you will find plenty of information.