We were having an interesting conversation about Cayman Island tax shelters when Ed locked the thread because the OP was a HO. So let's continue the conversation here.
Originally Posted by nEighter
nope you are right. They are actually here, their main facility is here. BUT they have a 1 room office that is their "headquarters" and get to suck a ton of life out of the local economy while having their nice lil tax shelter out there. I wonder if they need that office cleaned :w00t:
Wait a second, how does that work? Could I headquarter "Bob's Lawn & Landscape" in Grand Cayman and not pay the IRS any money? I don't get it. What's the catch? You seem to actually know more than urban legend and rumor. What's the skinny?