Cryptocurrency Q&A
Why are the Cayman Islands so expensive?
Why are the Cayman Islands so expensive?
FantasylitElation
Mon Nov 25 2024
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5 answers
1303
I've been wondering why the Cayman Islands are so pricey. Is it because of their luxurious resorts, high-end shopping, or the exclusive experiences they offer? Or could it be due to their status as a tax haven?
5 answers
Federica
Wed Nov 27 2024
Similarly, corporate entities operating within the state are also exempt from paying corporate taxes.
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OliviaTaylor
Wed Nov 27 2024
Land ownership does not attract any taxation, nor are capital gains taxed directly.
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BlockchainBaron
Wed Nov 27 2024
The state boasts a unique tax system where it is considered tax-neutral.
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CryptoPioneer
Wed Nov 27 2024
Consequently, the fiscal burden is shifted onto indirect taxes and fees. This shift has a Ripple effect on the cost of goods and services.
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BitcoinBaronGuard
Wed Nov 27 2024
This status ensures that its residents are not subjected to direct taxation on their income.
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