Tax threshold may go to $30k

The Government has Miscalculated. The people who come to Cayman (all of them) who are not Caymanian, came here, originally, because there is no direct taxation. For all the love of Country and talk of love for how great it is here and all the outpouring of good-vibrations that Cayman is special...  everything..  EVERYTHING that comes out of people's mouths stems from the fact that there is no direct taxation. Take that away and there will be love alright.  Love for Singapore,  love for Anguila, love for Bermuda, Love for Bahamas, Love for Monaco, Love for Luxembourg, Love for Switzerland, Love for Isle of Man, Love for London -   Do I need to keep going?  There IS TAX HERE NOW.  Call it a fee, a charge, a duty, a stamp, a cost, a service -the businesses and peopel and operators and Companies (often the same sandle clad shmos you see at Fosters)  who came here are perfectly mobile and can see through the smokescreen of verbiage. 

This is the mother of all miscalculations.  There hase been no greater piece of government foolishness in 20 years here, than this.  

Those who think this will pass without MATERIAL repercussion are dramatically mistaken..  These islands and their economy are in genuine trouble if it passes. First and Last comment here.

I am correct to say that since this a revenue making venture for the government, it is now essential to ensure expats are always employed instead of Caymanians.   

Sorry Mr. Bush, I am VERY awake. And your policies are not only folly, but death to my home. Quit blaming others, and stop wasting my time, and destroying my childrens' future. Go to school, or at least listen to those that have. Your economic constricting measures continue to severely shrink our economy. The end can be foreseen, and it is Jamaica. Want some revenue cuts?! Here are a few easy ones. Cut half of the MLAs. 50,000 people. Do we on any planet need that many representatives for such a small islanc. It would be okay if any of them were effective. But what we have are Wasters, dictators, and sheep. That should be an easy million dollars in savings. Disallow pension collection for active govt. employees. It is patently offensive and morally wrong. Require tendering for all capital projects. Non nepotism. Do no allow despot politicians to use private funds for ANY non public use...Including anti one man one vote full page ads, priivate plane flights, and back door financing deals. That alone should save about 2 mil.

Expats Already contribute The signifcant portion of the governments revenues more than 50% already originate from Expat workers. Why are "Caymanians" Suggesting that Expats do not contribute at all and need to pay more.  The Expat Commuinty accounts for approximately two thirds of the total head count on the island. That means the majority of imports such as food, gas, and so on... this is all direct revenue to the Government Levied as Import dutys further Workpermit Fee's account for tens of millions of dollars per year most likly much much more.

 

If the Government wants to maintain such a high level of wasteful spending They will need to consider much more significant revenue sources Such as gaming if casino's were introduced A port would be built for free for cayman this offer was already made years ago. property values in the resort areas would soar as billions of dollars flood into the local markets builing up the infrastructure for the industry Dart would have lots of competition on his hands.

Well hopefully I can get a job now with Immigration : 0

McKeeva has lost the plot.

Dont worry folks - if the wind changes direction tonight he will just forget all about the silly idea by tomorrow...

Tens of throusands $s are transferred out of the Cayman economy by expatriates every week (millions every year). Put 2% duty on money transfers out of the country.

If we enact a tax, and it is illegal not to pay it, we can no longer hide behind the concept of "dual criminality" when allowing foreign nationals and corporations to open bank accounts here to avoid taxation in their home countries.

"...the suggestion that immigration will be charged with collecting the fee suggests that it would be linked to work permits, which may means the tax will have to be paid annually, creating particular hardship for lower paid employees, or that the department will need to create a new enforcement arm to collect on a more regular basis."

The whole tax thing is ludicrous in any event, but even if we were to entertain it, should Immigration to expect to receive this payment annually upon the renewal of a work permit, how the heck would someone bringing home $577 a week, be able to come up with a $3,000+ annual payment one month in a year, and still be able to afford to pay their rent, utilities, feed and clothe their children, etc. in that same month? 

The whole idea is complete madness.  Stuff your tax and start doing what you're afraid to do Mac, cut those top-level salaries and top level people tossing it off on their jobs for $100,000+ per year, take those cuts in salaries you all promised us but renegued upon, stop spending money like a crack addict and start doing your frickin job.  If you can't, do the right thing and step down you are killing us all.