Word: caymans
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...sunbathing off the coast of Grand Cayman when I got a hankering for a raspberry-lime rickey. To my chagrin, the four capable cabana boys demonstrated to me the actual meaning of “rickey” in the native tongue...
...lottery," Billy declares, "I'd probably pay off all the debt I have and take a nice trip to a warm climate. I'd stay for a while--at least a month--or until I ran out of options to do there. Say Aruba, or the Cayman Islands, but I'd have to be doing more than fishing and drinking in the beach. I like fishing...
Fruit confirms that the bill is expected to deliver a quick $25 million to $50 million to the bottom line, adding to savings achieved after moving some 17,000 of its U.S.-based jobs, mostly to the low-wage Caribbean Basin, and reincorporating in the tax haven Cayman Islands. The job cuts were spread across the South, especially Kentucky, where earlier in this decade Fruit was one of the largest employers. "They are trying to win in Washington what they've been unable to achieve in the marketplace," says Charles Lewis, executive director of the Center for Public Integrity...
...investors lost billions when it was revealed that Bre-X Minerals engaged in the largest mining fraud in history. Bre-X vice chairman John Felderhof, who is charged with insider trading, lives beyond extradition, with his wife, in the Cayman Islands...
NOWHERE TO HIDE Putting your assets in a trust in banking-friendly nations such as the Cayman Islands is becoming popular. And it can protect assets if you get sued. But foreign trusts do not excuse you from paying taxes. Yet that's exactly the kind of tip you'll get from thousands of websites offering "expert" advice on moving your money offshore. If the site recommends a "pure" or "constitutional" trust, steer clear. Read about this and other traps and scams at www.assetprotectioncorp.com...