The Cayman has almost completely fixed its tax evasion problem
So let's see - that shows tax evasion at just one percent of all suspicious activity reports. Impressive! Time to crack open the champagne.
Even more impressive, given that its Confidential Relationships (Preservation) Law states that you can go to prison in Cayman not only for divulging confidential information, but merely for asking for it!
And then there is the whole issue of Cayman directors as a fig leaf, which we noted (and updated) recently.
Joking aside, we should state that while Cayman deservedly has a terrible reputation for its secrecy, it probably isn't as sleazy as some. Such as the British Virgin Islands.