Panama Papers: Some Perspective From The Cayman Islands

"Cayman retains many secrecy features—not least a law that can put people in jail not just for revealing confidential information, but merely for asking for it."

Summary

This quote comes from an article in the current edition of Newsweek, entitled "Panama Papers – Top 10 tax havens – where the money is hidden". Although the Cayman Islands ranks below the United States¹ in Newsweek's top 10 "tax havens", the Newsweek article adopts the familiar mischaracterization invented and routinely perpetuated by the extreme left wing organization Tax Justice Network that offshore jurisdictions in general and the Cayman Islands in particular incorporate extreme measures to keep a person's confidential information from the prying eyes of foreign tax authorities.