Payroll tax for expats only
Posted on Wed, 07/25/2012 - 12:53 in Politics
(CNS): Full story -- Foreign workers earning over $20,000 per year will be paying 10% tax on their earnings, a government official has confirmed. It is understood that, despite promises not to introduce direct taxation, rather than cutting operating expenses the premier is opting to make expatriate workers pay. Full details about the tax, which is being described as a "community enhancement fee" are expected later today. The premier made the surprise announcement to Cayman 27 on Wednesday morning amidst an island-wide power outage. Officials told CNS that the fee would be applied to the earnings of all private sector work permit holders who earn more than CI$20,000 but not expatriate civil servants.
Although revenue expectations have not yet been confirmed, government hopes to collect around $50 million for the public purse from the new tax, inside sources tell CNS. However, it is not yet clear how government proposes to collect the new revenue or how it will enforce payment.
The premier is expected to make an address to the nation on radio and TV on Wednesday evening to reveal his government's intention to introduce the tax in the forthcoming budget in order to balance the books.
In an early reaction to the announcement the opposition leader said he was not surprised that this had happened. He said that the premier's failure to meet any of the requirements set down by the UK in the three-year plan and, more recently, the fiscal agreement had seen the UK place a gun to the premier's head as they can no longer trust him to cut revenue because he has persistently promised but persistently failed to deliver.
"This adds to the increasing uncertainty and concern that has been part of Cayman for the last three years and is bound to lessen the attractiveness of this place to do business, work or live," Alden McLaughlin said. "We have been treated to all sorts of uncertainty from budget to budget, as well as the constant breaches of procedure and process, along with attacks on officials and allegations of corruption and police investigations. And now in these already difficult times the business community has this to face."
The PPM leader warned that this form of income tax would make Cayman unattractive, presenting the danger that the ex-pat community would shrink and undermine the revenue government was trying to collect.
"The Miller-Shaw report had strongly advised against taxation as it will make the Cayman Islands less competitive in what is already a difficult global situation," he said. "This is the thin end of the wedge. Who would want to come and live in Cayman now?" McLaughlin asked, predicting that Caymanians would be the target for the next round of direct taxation if there was a mass exodus of the country's high earning work permit holders.
The independent member for North side, Ezzard Miller, pointed out that the premier had just spent the last three years amending immigration laws to attract this type of person and now, in an ironic twist, he was about to drive them all away .
Miller also questioned government's hope of collecting $50 million and estimated that it would be lucky to collect $10 million. Furthermore, there would need to be a new system put in place in order to collect the money, which would likely cost government more than a $1m as there is no infrastructure to collect from people's earnings at present, he noted.
"This is going to be the nail in coffin of the economy. Many of the people he spent the last three years trying to attract, for whom he amended the immigration law over and over again, will be driven away and, given the existing cost of living in Cayman, it will make us completely uncompetitive," he added.
Suggesting that government would collect far less than it hoped to, he said this revenue would have been found far more easily through cutting expenditure, such as the $10 million Nation Building Fund.
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As a Caymanian with a
As a Caymanian with a knowledge of the history of these islands, I am greatly concerned at the Expatriate Tax Proposal, and I THERFORE CALL ON OUR LEADERS TO WITHDRAW THE SUGGESTION AND APOLOGIZE TO WORLD FOR EVER HAVING SUCH A THOUGHT.
News of the proposal has already been circulated around the world and if not quicly withdrawn will cause a total economic collapse of the Cayman Islands.
Until foreign investments came into the island, Grand Cayman had the slogan "The island that time forgot." Life was simple for those who remained on the islands and lived on meagre earnings, supplemented by less than sumptious amounts of money sent home by other family members who went abroad to seek a living. WE MUST THEREFORE AVOID THE SHOO-ING AWAY OF FOREIGN INVESTORS AND CONTINUE TO ENCOURAGE INVESTORS WHO COME TO OUR ISLANDS WITH VALUES THAT ARE COMPATABLE WITH OURS.
The Cayman Islands have no natural resources and no industries that can replace the foreign investments that have brought progress to our islands and employment opportunites for own people.
This proposal has put the future of the Cayman Islands in a most precarious position and I again beg our leaders to withraw it rapidly and to weigh seriously any other proposals that may be under consideration.
Burnard Tibbetts, MBE
Dear Cns and Anyone with
Dear Cns and Anyone with sense,
Think of the people that fly the airlines, we currently are allowed to import a certain amount of goods without paying duties. I say we simply collect on everything and do away with the $350 (local) and $50 (foreign) import allowances and charge on everything. This way there would not be friends of customs officers going through or government members getting free rides. Search everyone and charge duty on everything and there will be a huge surplus.
Forward thinking.
In an economy which is
In an economy which is already bad, how does our wonderful Govt. expect a civil servant to find around $1000 a month to pay for their family's health insurance? Hello there Mr. Premer, we are already suffering from your gas duty hikes - paying more and more every month for food. electricity, water, health care, etc. I have a good job and have had to cut down to the bare bones at the grocery store to make ends meet. Could you not phase this in over a period of time. Here's another thought - stop wasting our money. $71,000 for 2 daysi n Panama - that is more that some people have to live in a year. Your blatant waste of our money is absolutey disgraceful. Now you have added fuel to the expat vs Caymanian fire with blatant discrimination. How abotu MLA"s start the ball roling with a 30% payroll tax - just to show us how comitted you are - and stop double dipping. This is immoral and unethical.
Some of you on here making
Some of you on here making threats and statements about destroying Cayman and its future must really believe you are indispensable I would like to share something with you are not and just like every Caymanian living here you are going to die that is ultimate proof of just how indispensible we are. These statements and stances only stand to quantify your true intent or reasons for being here on this island and re enforces to the native population who feel threatened by your presence already that they have a right to be that way, which inturn produces resentment and anomosity towards yourselves. Cayman is unfortunately experiencing number changes some good and some bad unfortunately those incharge including or political and governing bodies are constantly meddling and tinkering and trying to influence some of these changes and outcomes to benefit themselves which is and will always be a big problem. We are also now paying a high price for some of our past successes and mistakes Please get grip people and try and have a positive discussion about the problem instead of assuming this very hostile and aggressive posture towards Cayman. Simply principal two clenched fist cannot shake hands and problems are those things we see when we take our eyes off the goal. Tell our politicians and governing power to stop playing games with our future and those of our children by working together not fighting against each other. Homey don't play that game!!!!
Cayma will forever be in
Cayma will forever be in hell. Cayman will forever be on a sinking ship unless McKeeva is out of power for good. There is no one who can run this country as we can cleary see.
There needs to be a UK take over. Hopefully it's coming soon.
Mac is pushing this island off the edge.
I hope everyone can see and everyone understands that he is starting with expats.. but that's not going to be enough money to help Cayman out of the hole McKeeva's mistakes put us in. Therefore, Caymanians are next. The island is going to go livid. It's going and already starting to be total chaos. It's going to be unbearable. Expats will leave and expats will stop coming, Caymanians have too much pride and no sense, but think about it Caymanians... YOU NEED the expats. You'll be crying for them when they are gone. Tourism will go down because of all the bad publicity and nastiness that goes down here. I hope everyone is prepared, the worse has yet to come.
XXXXXXX
UK TAKE OVER. WE NEED YOU.
For the record, I am a born Caymanian. I'm away getting my degree because I'm one of the few Caymanians that got off their asses and are thriving to actually become something. I am embarrassed that this is the country and I was born and raised in.
The President of the United
The President of the United States says we are a tax haven. Let's not make President Obama a liar!
We are a tax haven with
Mr. Premier keep the
Mr. Premier keep the "community enhancement fee" that is not taxes it is simply a fee to fund the upkeep of our community. We have absolutely not direct taxes. We have your back Mr. Premier keep on the "community enhancement fee" we do not have taxes this is just a fee that one must pay. This is the best move that you have done since the 80s Mr. Premier we support you.
"Taxation without
"Taxation without representation is tyranny" - James Otis
Remember this Cayman, taxation, once installed, only goes one way: Up. Likewise, government spending (and debt) only goes one way: Up. If you want proof, consider all the countries in the developed world.
I assure you now, remember this, within the next decade this tax will be rolled out to all; Caymanians and Expats alike. Within the next 20 years, the 10% will no longer be 10%.
"Dance with the Devil, the Devil don't change, the Devil changes you"
Yawnnn!!! Go ... stay ...
Yawnnn!!! Go ... stay ... just make up your minds and do it. Whether this goes through or not it's good to know we have a fair amount of leeches and it'll only take the threat of 10% of your income (which your employer will probably pay anyway) to send you packing. Well I say BE GONE with you. There won't be much of anything left here either way, given the rampage this tyrant is on.
Leeches? This is the type of
Leeches? This is the type of xenophobia that makes this country stink. This country was built on expat (especially Jamaican) blood,sweat and tears. It was rebuilt after Ivan on Jamaican blood, sweat, and tears. Without overseas input Cayman would still be a fishing village, and the only thing for you to do on a Saturday night would be to go to a tea dance and listen to Swankey. You bite the hand you feed out of, my friend.
And by the way, it's not the 10%, it's the discriminatory and undemocratic nature of this rediculous tax. But if it is introduced, it'll be the same old story -- expats carrying the Cayman economy. Can you imagine the shift in the moral high ground? "Well, I'm an expat. I don't get healthcare. I don't get social services. I don't even get to vote. I have to pay privately for my child's education. And I pay income tax. You're a Caymanian and you contribute to the country how?"
This tax will be Bush's Waterloo.
You want to talk about
You want to talk about leaches.... Do you know that more than 16 per cent of voters get handouts from Children and Family Services - even some people with new cars, nice homes and good jobs? Do you know that some Caymanians stopped making their mortgage payments just so they could get their hands on some of the free :Save the Mortgage" money McKeeva was handing out - which by the way is exactly the kind of Caymanian leeching that this expat tax is expected to fund? Next time there's a hurricane threat, notice that there will be a line of of Caymanians to collect free plywood, even though they have storm shutters. Days later, this plywood will be sold to small Cayman contractors for a reduced rate - a nice little windfall for both parties. How many Caymanians ever pay their HSA bills? Maybe half, but I doubt it. The amount of leeching Caymanians do from the government is truly shameless It's part of the reason Cayman is in this mess. Then there's the biggest leech of them all, the Civil Service. Half of the people working in Civil Service are absolutely useless and can't even be bothered to answer the telephone on their desk. Yet, you're going to call expats leeches because they complain that only they will be taxed to fund Caymanian leeching from the Government, even though they can't enjoy most of the benefits of that tax money because it's reserved for Caymanian leeches. You are truly delusional. My only hope is that when crime gets out of control here because of the unprecedented coming economic storm and you head to the UK, Canada or the US for refuge, you are treated by their citizens as you treat others.
Looks like UDP took a page
Looks like UDP took a page out of the Obama campain's playbook by enciting class warefare...Smart political move to stay in power, but bad for Cayman's future.
Anyone know if Shetty's
Anyone know if Shetty's operation or its expat staff will be exempt from this new tax?
There will be more exemptions
There will be more exemptions than my dog has ticks.
what/who is shetty? (believe
what/who is shetty?
(believe it when you see it !)
You can bet your bottom (tax)
You can bet your bottom (tax) dollar that they will be.... otherwise they will not be coming here..... You can also bet your bottom dollar that Dart will still get all HIS waivers and duty concessions for years to come. But we the fools will continue to pay for all them. Well, not this donkey-face fool. I will be out a here quicker than you can say "goodnight irene".
Fellow Caymanian and
Fellow Caymanian and Expats....
Please let us all calm down and work together. I myself a Caymanian thinking with logic says to tax ex-pats is unfair. I also know the hardship as my wife is a Caymanian and has been discriminated in a deliberate attempt to keep her out of her field and thus far, have been sucessful. So I am suffering on 1 income as a civil servant with two children.
Expats, in some instances you have not done right by Caymanian by importing some very negative attitudes and self preservation in mind.
Caymanian, it is our country and we need to save it and their are many ways to do this. Our forefathers would be ashamed if we left our values and prinicples to bow to current angers.
We do need to come to the quick and full understand that they are needed for our betterment (expats).
Now, to change this we need to talk with our families in cool, calm voices and say listen....the issue with Cayman is that the Expats need to be regulated and that has to happen by us. No more boards filled with one caymanian puppet. We need a clean sweep. I have had the priviledge of working with our Caymanian student interns this summer and they are smart and able to do many jobs...make no mistake....they can survive in the real world.
So, we need to think of a way to get out this mess.....it is easy really, we have United Kingdom passports and that gives us a lot of advantages. Not many should be on CIG social services...this should fall back on Her Majesity Government...
We don't need UCCI...we can utilize the fine institutions in the United Kingdom to teach our students. Many of the formerly suffering Caymanians are now in the UK.
As far Cayman is concerned we need to seperate the wheat from the weeds. We need to provide jobs to our people yes and we need the Expats too as they bring certain talents.
At the end of the day this is our country but it is sometimes their companies that operate here. We need a balance but it is clear that we cannot have the current situation at immigration going on where nobody does anything and many of young capable Caymanians are out of work
Tax is not the solution...what is the solution is pushing some cost back to the UK...Like the cost of the Governor and his staff. Cayman for years has offered UK persons employment here so we need mutual benefit now. The UK must help us by taking the cost of education....We must help ourselves by not raising taxes and right sizing government.
God bless all the people of Cayman
Pure discrimination - but if
Pure discrimination - but if you think that this is not carefully calculated to open the door to tax for all, you are wrong. Someone will challenge this on some ground or other and it will eventually mean tax for all of us. If Govt. would only stop wasting our money, they would not need so much. Their reckless spending verges on a criminal act.
As just confirmed, the tax is
As just confirmed, the tax is also aimed at those with PR. Within its scope is ALL compensation including bonuses. Also confirmed by local and international lawyers, there were no red flags regarding breaches of human rights.
"Also confirmed by local and
"Also confirmed by local and international lawyers"
fool........... facts fool, facts..
*sighs* I'm away at
*sighs* I'm away at University right now, and it looks like I'll be staying away. I am a born and raised Caymanian, but I no longer feel any ties to the country I grew up in. I will not be returning to work there once I have completed school. I have dual citizenship, so why should I? I can stay here where bills are cheaper and there are more things to do than get drunk and gossip about other people's business. Cayman is going under and there is nothing anyone can do to save it. The most anyone is going to do is come on CNS to whine and complain. Good luck to those staying on the sinking ship!
I as an expat, have been here
I as an expat, have been here and loved my time in Cayman truly. Its been hard sometimes feeling unwanted implicitly or explicitly, even though you personally have done nothing to create the anti-expat sentiment that slaps you in the face most of the time. The vitriol coming from both sides is so sad to see, because truly one could not exist without the other. If Cayman was not here, where would some of us work. And if Expats were not here, who the hell would they have to tax. Caymanians, what you need to understand is the TAX is not the issue, the issue is why not everyone. Why are Caymanians not being asked to help bailout their government. That is the issue.
You may not need expats, but you do need the expat companies to provide employment to local people. You do need the passive income generated from rental properties, you do need foreigners to fly on KX and indeed to help support this economy. All people are concerned with is the apparent unfairness of the proposed tax and all the animosity that has followed it has been awful to see! Whatever the intent the outcome can't be good!
So what is the point of the
So what is the point of the crazy import duty on things then? Isn't that where our revenue comes from... paying way too much for stuff that can be purchased much cheaper in the states?
You know, I jumped on the
You know, I jumped on the band wagon earlier, even though I dont care for the whole UDP, PPM foolishnes, but after reading 12 pages of comments, I have to say Im still on the band wagon about this.
Here me out for a secod and try to understand where I and alot f Caymanians are coming from:
While I agree with what most people have to say about having accountability and spending properly, the thing that echoed in posts the most was cutting the civil service, number quoted even went up to 50%. No one argued, that the tax should affect a higher salary bracket. No, just cut Caymanian Jobs period
While I agree that some weight lost is needed there, I can not believe the audacity of some expats. Everyone knows that the majority of CS is mostly Caymanians. There are locals that have been working there for more tha 30plus years that make less than 3k a month. That probably would never get another job nor a job that would pay them anything close tothat amount of money.. all due to education or other issues. hard working Locals non the less. To think that most expats would gladly see the CS number slashed for their 10% is mind blowing to me. You all would rather see Caymanians out on the street than give up 10% of your over inflated salaries, and you expect some of us locals to support you? Just like how you all have band together I will stick with my Caymanians people through thick and thin.
Quite a few of you expats have made your statements that we Caymanians are dumb, lazy and no good, and while I would agree that some do fit that bill, I would rather see them prosper more than any foreigner. You all need to realize that you are trying to ask Caymanians to pick you over their cousins, moms, dads, friends....FAMILY. Call me bias for all I care. We dont cut our families throats for strangers.
Let me say this last thing. When things are getting bad, most of you have already said, you are leaving, you have somewhere else to go and can reap the fruit of another country , CAyman will suffer without you. All I have is Cayman, no where else to go, good or bad, and I will pick my people over foreigners any day. It wasnt the idiot politians that made me feel this way, but actually seeing the comments finally put the nail in coffin for me. Something we caymanians felt, now to see it in words on CNS is a true revalation.
I wish you Expats the best, and whether or not this goes through,I will remid you that I and many more locals will have the words written here today etched in the back of our minds of what you Expats think about Caymanian people and how you all would waste us in the wind over your 10%.
Feel free to send your UK
Feel free to send your UK passport back
I get why you all are
I get why you all are angry but the average Caymanian didn't gather together and plot against expats to promote this tax. In fact many caymanians are against the expat tax and are joining in the protest. So lets stop the blame game and the childish spats and threats. It's boring now. I think it's easy to spit hate back and forth but that makes no difference. We ALL still suffer. Caymanians are angry and dissatisfied with our government for good reason but it's no reason to hate or blame expats. Expats are angry at this new development and the animosity they feel they're receiving from locals. But this isn't an unique occurence, this kind of foreign vs. local animosity occurs all over the world. Not to Pollyanna the crap out this but i think we should make an effort to be kinder to one another. Get to know one another better. Make an actual effort. Most of our animosity comes from ignorance and ignorance comes from a lack of knowledge. So if we claim to be an educated generation we need to start acting like it and grow up! When you really get to know people your attitude and opinions change.
There is no comparison but yet i'll throw it in anyway: Before, and after, the American civil rights movement in the 60's there was a lot of hate, assumption, prejudice, etc but when people started to work on breaking down these walls attitudes changed. People who were different united with one other. I say, try to see the other side of things. Talk to people you wouldn't normally talk to. Get out of this small minded state that we have ALL places ourselves in.
More importantly, grow up...this isn't a the playgrounds.
CNS why has by far the most
CNS why has by far the most commented upon article ever in the history of this site and continuing hottest news story in the Cayman Islands been relegated to a second-tier headline halfway down the page? Don't be so shy - leave the tax issue near the top, because it's at the top of our minds.
Another smokescreen? Perhaps
Another smokescreen? Perhaps this is so ridiculous that Mac knows the FCO will not agree and so he will suggest introducing gambling without a referendum "because we don't have the time for one"?
As a Caymanian, I must say
As a Caymanian, I must say that I like expats. So, I believe that our expatriate friends should receive better hospitality from Caymanians. Are you CaymanKind?
Also, I hope that our expatriate friends see that there is real frustration amoung Caymanians who themselves are unfairly treated by 'some' expats.
The international press are
The international press are starting to have some fun with this as well, though it's all BAD FOR CAYMAN:
http://www.forbes.com/sites/walterpavlo/2012/07/26/you-know-its-bad-when-the-cayman-islands-calls-for-income-taxes/
That's just great! Thanks Mac
That's just great! Thanks Mac for making us look like the fool that you are.
BVI, Here I come
BVI,
Here I come
http://bvinews.com/bvi/too-ma
http://bvinews.com/bvi/too-many-graduates-unable-to-find-jobs-malone/
...to pay payroll tax at the
...to pay payroll tax at the rate of 14%, 8% of which will come from me as the employee.
Smart move. Didn't you know that BVI also has payroll tax?
The Caymanians who actually
The Caymanians who actually have ambition and want to work and do something useful with their lives wouldn't agree to this movement if we were actually given first preference when it comes to jobs because most scenario's with jobs in Cayman goes a little like this ---> READ BELOW<---
Caymanian Vs. Foreigner :
Both have the same qualifications.
Both would require the same training in order to complete employment with the company.
Caymanian needs no PERMIT.
Foreigner: Needs PERMIT TO WORK WHICH COST THE COMPANY MORE MONEY.
Outcome of who qualified for the job: Ding,Ding,Ding .... A Foreigner.
Wow is like I didn't see that coming *Sarcastically saying that*
So see I think each and everyone of you would also be fed up if this was happening in your own country. Oh wait! It's proberly the same reason you came to Cayman to beging with! Yeah man that's what it is! BIG MAC raise those permits up 110% if possible. They need go back home now they all been here too long now. We need to shine a little now.
You conveniently forgot it is
You conveniently forgot it is also Caymanian business owners and employees who are doing the hireing. Perhaps its the history of Caymanian work attitude versus expat (anyone but caymanain) that tips the scale? All you "poor me" Caymaaaanians have had a hundred years to shine. Still not shiny.
Sweet Jesus. All it takes to
Sweet Jesus.
All it takes to graduate from high school in the Cayman Islands is attendance.
Isn't that more than apparent when reading some of these comments?
Imagine, the world is reading this nonsense.
Good grief.
Get your facts straight that
Get your facts straight that has now changed. Hush ya mouth!!!
to be told 100 times that you
to be told 100 times that you are not qualified (or overqualified), or some crap only to find out that some foreign hero with the same ole degree and experience (or none) got the job. time and time again. unna turn to wear these worn out shoes that a lot of caymanians have been wearing while kicking the can down the road.
Right On Brother! The
Right On Brother!
The revolution starts here and there are those that will stand up and be counted.
Will there be free food?
Shine doing what? Basket
Shine doing what? Basket weaving? Fishing? Going back to sea. You do realise that when expats leave they take the jobs with them, don't you. You noticed that when some 5,000 expat workers left after the global financial crisis began, unemployment of Caymanians went up and not down, didn't you? You noticed that the real economic hardship of the global financial crisis in Cayman didn't start when it started for the rest of the region, but only after several thousand expats were made redundant or transferred to offices in less expensive jurisdictions, didn't you? You know that when expats leave, there will be thousands of empty apartments and hundreds of empty office and retail spaces, which will not only hurt Caymanian landlords, but local banks that hold the mortgages for those properties as well. And you do know that the local banks employ mostly Caymanians, right? And that when the local banks start losing money, they will make Caymanians redundant. Do you have even an inkling of the consequences of what you're suggesting. No, I thought now. You'll be shining all right.
Utter bullsh*t. I've tried
Utter bullsh*t.
I've tried to hire locals a number of times and have never been able to find somebody qualified, never mind motivated to do the job.
Ask any employer on the island if they would take an expat over an identically qualified, motivated and applied Caymanian and the answer will be the same every-time. The Caymanian. And the reasons are obvious.
If you have issues with being overlooked or not employed maybe you should look at yourself. Employing anybody here is expensive and risky, hiring expats adds to the risk and expensive. So tell me, with those factors in mind, do you really think employers will hire an expat over a local?
I know a lot of great Caymanians in different industries here I would love to hire - smart, hardworking and good people. Expensive though.
If you work hard and lose the attitude you’ll go places.
Come on guys. Maybe the
Come on guys. Maybe the government is planing on building us a lovely new community center.
I myself would gladly pay
I myself would gladly pay taxes, if, in return, the representation was given and the infrastructure was improved.
By my reckoning, the amount collected would be enough to build the oil refinery, the Special Economic zone (if they can be tempted back now) and the completion of the Christian Bell tower.
In fact, there would be enough cash left over to complete the bell tower with a gold bell complete with a massive golden bell end.
July 26th, 2012
Dear Mr.Bush,
We the people of your birth place the Cayman Islands, would like to give you a round of applause for this action taken however even though this is a start we would encourage you to please take into consideration the amount of unemployed Caymanians that are in Cayman today by you announcing this action maybe there will be more Caymanian faces in the working environment instead of seeing someone whom you don't know and doing a job that a Caymanian female/male could be employed and doing.
Although 10% is a start we would like you to turn it up a notch to about 55% this amount will ensure more jobs for the Caymanians out there who want to work but cannot get work because a foreigner is choosen over a Caymanian who would work twice as hard because they want to prove to who have this saying that goes " Caymanian children are lazy they believe in this intitlement" although some may have that way of thinking others don't so don't label us all as one because not all of us are lazy some of us came up very hard and want better in life ... every human being is not the same; and altough you foreigners may not agree with what I have to say it's simply too bad; because if it was your homeland and others could come to your country and take up all the jobs,land and other beneficial things that are offered and when it comes down to you and yours ... you and yours are always lefted behind then labeled as lazy. I'm pretty sure ya'll would feel a way about it and eventually become fed up with the way foreigners are being put before you in you're own country;and it's not fair for us who are decent Caymanians with a proper outlook on life and have goals we want to reach but cannot reach them do to finanicial issues which is caused because lack of employment.
Mr.Bush excellent start please don't stop here continue to increase the tax on permits this will be a good outcome for your people this is what makes the Caymanians sigh in relief this helps takes nots out of Caymanians foreheads wondering when there will be change.
Continue to make more beneficial changes for the Caymanians.
Let me explain something to
Let me explain something to you that OBVIOUSLY your young years do not grasp.
I AM A CAYMANIAN. I have lineage going back 7 plus generations.
I love the Cayman Islands with all my heart and soul and I stand by my beliefs there is NOTHING wrong with the 7 year rollover policy BUT.....This is the worst decision a politician has ever made in teh Cayman Islands. The ramiphications of this decision is HUGE. It is a COLOSAL F UP of EPIC PROPORTIONS.
I hear the idiots saying ohh leave and more will come. Really!!!??? Before yes. Rollover see ya but guess what someone right behind you because WHAT Great place to work and save money but guess what? NOT WITH THIS.
And I hear all the spin doctors on this about the %. Any which way you spin this UNLESS an employer pays your pension or payroll tax YOU the Employee is out 14.28%. Not 5% or any other % 14.28%. Because give 10% away does not equate to having 10% put into a savings for you or even 5%.
When you take out a pensions for 5% it's like you give yourself a 5% raise BUT you can not collect it until later in life. A Payroll tax is like giving it to a bumb on the street actually I take that back. In that scenario someone who needed it got it. Giving it to the government is more teh equivalent of flushing it down the toilet.
Taxes do not work for people who can manage money. It's like giving a gambler money or an alcoholic a beer. Give a man $50 and he spends $49.99 on stupidness he never used before he had the $50. Have you ever heard about being bgroke at a higher level?
Taxes are not the answer. Cutting expenses and slush funds are where you start.
Dear Younia, the precise
Dear Younia,
the precise reason why you don't get a job is your English, which appalling.The grammar and the spelling are horrific. Nothing to do with the fact that you are Caymanian, but in your case, your English would not be good enough to work in a law firm or a bank!!!!
Besides, it seems that a lot of Caymanians do take advantage of the benefits offered by the UK ( public health, unemplyoment benefits so forth and so on...)when they migrate there. So, you see, it's not all about the "foreigners" taking advantage of the sun and the sea , it's also about some Caymanians taking advantage of another country when they can too.
Remember wehn you point your finger t someone, there are 4 fingers pointing at you.
Peace and Love
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HAHAHA! Thanks for the
HAHAHA!
Thanks for the laugh.
You should have proofread your own post before criticizing someone else.
Good try, Forrest!
Dear Younia, Your comments
Dear Younia,
Your comments may be taken a little more seriously if you would proofread your post and correct the grammatical and spelling errors.
As Caymanians, we should be ashamed at the illiteracy in these islands.