Governor struggles to explain offshore sector to BBC

Governor Helen Kilpatrick on BBC

(CNS Business): Quizzed over what the Cayman Islands and its offshore sector means to the people of Britain, the governor struggled to answer Jacques Peretti in the documentary aired on the BBC in the UK on Friday evening. “Britain’s Trillion Pound Island”, in which the producer and filmmaker tried to understand how the financial services industry here impacts British taxpayers, underscored the persistent reputation that Cayman is a tax haven. Marcus Cumber, one of several people Peretti spoke to while he was here, said he believed it is a tax haven, despite the premier’s instance it is not.

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