News about the Cayman Islands in the Foreign Press

Wednesday, February 18, 2004

Halliburton under fire again for Cayman companies

YORK, USA - In an editorial calling on the US government to revoke its contracts with Halliburton, the York Daily Record says that the company established at least 20 bogus companies in the Cayman Islands that consisted of, essentially, a post office box, to get around the law.

Kerry sets his sights on the Cayman Islands

LONDON, England - According to the Observer, John Kerry, favourite to become the Democratic candidate to take on George W Bush in this year's US presidential race, has promised to tackle tax evasion in British dependent territory tax havens. 

In a speech to supporters, Kerry singled out Bermuda and the Cayman Islands, which are both British-owned, as he promised to tackle tax evasion and banking secrecy. "There are enough brass-plate companies down in the Cayman Islands to make anybody sick when they look at their own tax bill," he said. 

Cayman properties twice as expensive

LONDON, England - According to the Daily Telegraph, real estate prices in the Turks and Caicos are rising by 20 percent a year, partly because similar properties in the Cayman Islands cost nearly twice as much.

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