Tax haven rules are on the US side, not the Cayman side. FATCA makes Cayman way ... | Hacker News

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		DelaneyM on April 3, 2023 \| parent \| context \| favorite \| on: The anatomy of the Cayman Islands offshore financi... Tax haven rules are on the US side, not the Cayman side. FATCA makes Cayman way more transparent than the US itself. Like, what does "stop being a tax haven" even mean? "Start charging a corporate income tax you don't need"?

dahfizz on April 3, 2023 [–]

A lot of people who don't know anything about finance think that "offshore bank accounts" is a magical tax loophole. They don't know what "tax haven" really means, they just hear it repeated often.

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