It’s the same size as Bognor and more British than BritainĬayman is 4,500 miles from the UK (an hour’s flight from Miami and Cuba), but it’s as if you have stepped into 1950s Britain, with a governor wearing a big hat presiding over garden parties. Here are 10 things I learned while making a TV documentary about the place.ġ. The Cayman Islands is the most notorious tax haven on earth, but wants to show the world it has got nothing to hide. Which turns out to be the exact amount pencilled in for cuts to our schools, hospitals and other services over the next four years. It’s been estimated that – perfectly legal – tax avoidance (via many routes, not just tax havens) keeps £20bn a year out of the Treasury. I n the last year, global inequality has widened alarmingly 62 people now own the same as the poorest half of the world’s population, with an estimated £7.6tn of global wealth held in offshore accounts.
