Saunders calls for tax on foreign-owned property
(CNS): Chris Saunders, the independent opposition MP for Bodden Town West, has filed a private member’s motion asking the government to create a Healthcare Protection Fund through an annual fee of 2% on real estate properties owned by foreigners. In a video message on social media, Saunders and UPM backbench MP McKeeva Bush, who is supporting the motion, say that this is the best way to address the healthcare crisis Cayman is facing, given its ageing population who cannot afford health insurance.
The idea of taxing properties owned by expats, especially those who don’t live in the Cayman Islands, has been floated recently in several quarters as a way of curbing the surge in property prices fuelled by allowing anyone from anywhere to buy property here with no tax beyond the initial stamp duty. The permanent residency application point system also incentivises people to buy to increase their points.
This open market has put homeownership out of reach for many locals and encouraged developers to focus exclusively on luxury projects for overseas investors, millionaires looking for a beach home and well-paid permit holders looking to secure their residency rights.
Sanders is now suggesting that an annual fee on all property owned by foreigners who do not have PR would help the government address the mounting healthcare crisis.
“In the next twelve years, at least 14,000 Caymanians will reach the age of 65 and will have inadequate or no health insurance,” Saunders said as he explained his rationale behind the motion. “I understand that this will have an impact on foreigners buying real estate, but there will be a greater risk to thousands of Caymanian families if we do nothing. We can no longer afford to ignore this issue.”
Saunders said the combination of the high cost of health insurance, the ageing population and the inadequate pension system, which will see most retirees have less per month to live on than the current cost of coverage for the over-60s, means that the government’s already huge multi-million dollar annual bill to cover healthcare for local seniors is unsustainable.
As a result, the government needs a dedicated source of funding to cover these mounting costs and ensure Caymanians can get health coverage to enable them to enjoy their retirement years. Saunders also warned that without it, the crisis would destroy “our whole way of life”.
The tax will not apply to Caymanians, permanent residents, or entities part-owned by Caymanians or PR holders that own property. The tax is aimed at foreigners only, whether they live here or not, who own property unless that property is a commercial venture offering educational or medical services to Caymanians or any entity or company that owns property where a partner is a Caymanian.
Last year, the government spent CI$78 million to cover the health insurance costs of 2,068 Caymanians who couldn’t afford coverage. Saunders said that in around a dozen years, at least 14,000 Caymanians will turn 65. If most of them can’t afford health insurance, the government will no longer be able to pay the already staggering healthcare bills for the under- or uninsured or to subsidise insurance coverage.
He said that neither he nor Bush are “fans of fees”, but the issue can no longer be ignored. While the idea is likely to gain support among the voting public and looks likely to become a policy commitment when Saunders and Bush begin their campaigns, it will not be popular with foreign property owners or the real estate sector. However, Saunders has said he is more than happy to discuss it with the industry.
CIREBA issued a statement Tuesday acknowledging the need to address the healthcare needs of Caymanians. However, the proposal has not yet undergone the necessary consultative or legislative process.
“We support meaningful dialogue around solutions to national challenges, and we believe it is essential that any proposed measures be thoroughly evaluated for their economic and social implications,” the realtors association stated.
“At CIREBA, our priority is to support balanced and equitable policies that contribute to the growth and stability of the Cayman Islands for all of us who call these islands home. We will continue to monitor developments closely and encourage open, informed, and respectful discussions among all groups.”
See the MPs’ TikTok video here.
- Fascinated
- Happy
- Sad
- Angry
- Bored
- Afraid
Category: Business, Government Finance, Politics, Real Estate
Shouldn’t he just use the environmental protection fund? I mean many of the health issues can be attributed to environmental catastrophes brought on by the successive failures of elected officials.
Once a property tax has started, it will eventually become a property for ALL, including Caymanians! Beware. Be informed.
Donkeys strike again! Try focusing on eliminating wasteful spending – hint like the $60M High School for the Brac as a starter.
Dear Mr. Saunders, Mr. Ebanks, and Mr. Bryan,
(Note: I am not addressing this to Mr. Bush due to my refusal to recognize his presence in Parliament as legitimate given his recent unethical and criminal actions.)
I am writing to seek clarification and express concerns regarding the motion you have put forward. My questions are as follows:
1. Economic Impact Analysis:
Have you thoroughly assessed the economic implications of your proposed tax, including its direct and indirect consequences? For example, the motion appears to target foreign landowners purchasing high-end properties (typically over CI$800,000), which are usually placed in the short-term rental pool. Such buyers also contribute to government revenues through annual LCCL fees (CI$12,500) and property management licenses.
– Have you considered how this tax might affect real estate sales and government revenue?
– Was an economic impact study conducted to quantify these effects?
2. Timing and Governance:
– Why was this measure not introduced earlier in your term when you were brainstorming new revenue measures? Would it not have been more prudent to implement it under your leadership rather than leaving it as a burden for the next administration?
– Specifically, to Mr. Saunders: As the former Minister of Finance, why didn’t you propose this change during your tenure? Introducing it now, under a government with limited legislative power, seems unfeasible. Are you confident this motion can realistically be turned into a Bill, debated, and passed in Parliament?
3. Motivations and Practicality:
This motion seems more like a political gesture aimed at appearing concerned about the healthcare crisis than a feasible solution. Given the timing and circumstances, are you genuinely aiming for implementation, or is this simply political posturing in the run-up to elections?
4. Alternative Solutions:
Have you considered alternative revenue-generating measures that do not impose additional taxes, such as:
– Legalizing a National Lottery: Directing revenues to a Health Care Fund.
– Legalizing Cannabis: Allowing households to grow up to five plants, purchasing excess for processing into cannabis oil, and supplying local pharmacies to reduce import dependence. The revenues (Ganga Tax) from this could also be directed to the Health Care Fund.
These alternatives could create sustainable revenue streams without burdening the public.
In conclusion, this country needs practical, well-thought-out solutions rather than divisive, politically motivated motions that lack feasibility. I urge you to lead with innovation and independence rather than following paths that erode public trust and credibility.
I had hoped for more from you as younger leaders. Please, rise to the occasion and demonstrate forward-thinking leadership.
The first thing will happen is they will realize it costs more to set up and run this new public ‘authority’ than the revenue. Then they will increase it (all taxes start off with ‘just’).
Then when the greed and government overspending gets fully underway (well thats already happening NOW), it proves to be a gateway to simply extending a property tax to EVERYONE.
This would have been better as a proposal to simply increase the stamp duty on non resident/foreign investment. They also need to create a threshold for property ownership where non residents cannot buy properties under the “affordable” amount for locals (if such a thing exists).
Also, real estate companies need to be banned from buying up 90% of new property development just so they can’flip’ it. The added 15% (for commission and stamp duty) to the original developers price obliterates the entire objective of offering ‘affordable’ properties not to mention inflating/driving up general property prices over a ridiculously short time.
Those against: Please offer an option. Every year, government pays over 60 million in healthcare. What do you suggest? That Caymanian pensioners, the elderly and the indigent should be left to fend for themselves? The average private sector pension income lasts 5.2 years, and with inflation that will soon become 3.5 years and people can live 15+ years after retirement (and more), so? Do we leave our parents and grandparents to fend for themselves?
Lots of other options to this disastrous idea have been offered in comments on this article. Wish Chris and co. would take a read. Oh, but I forgot, they need to use words like “foreigners” and “real estate” and “health care” and “pension” to strike anger into the hearts of Caymanians who are struggling and want to see better days again, easy low-lying fruit to secure votes.
End the outrageous CIREBA cartel. Cap their fees at 2 or 3%. Take 2 or 3% more stamp duty.
At this time, a booming financial center, and perhaps not for much longer, the CIG collects over a billion in fee revenue. Maybe they should stop farting away money, buying votes, and building monuments to themselves, and redirect OUR money into the missing core budgets for social services? There’s at least $2.1 billion in missing money, >200% of GDP that needs to be replaced. We can’t open the door to taxation, to give these terrible stewards more money to steal/waste.
No one wants to mention the tourist accommodations tax of 13% on every short term rental. This gets added to the guests bill every time I rent to a visitor.
My property competes for bookings on islands across the Caribbean and elsewhere. Do you think that visitors look at the itemized price quote or the final tally? The Cayman government essentially uses my property to generate income.
For those who think that owning a property in Cayman Islands is a gold mine, think again. It is the most expensive jurisdiction in the region. Between the exorbitant energy prices, the monopolistic service providers and retailers (looking at you ALT) I have to fund my property with my own personal funds.
Selling property to foreign buyers has made certain Caymanians very wealthy and now you want to blame the buyers. SMH. Tourism is a major contributor to the Cayman economy. Go ahead and kill the golden goose
Sovereign wealth fund. Done
So Norbit is fat. Moving on.
FINALLY . . . This is long overdue.
Members of Parliament please grow some and take this ‘bull by the horns’. EACH MONTH, these foreign property owners, especially those who rent out their properties, skip, do cartwheels, jump up and down, make a party, and most certainly laugh their a88** off when they check their monthly bank balance(s).
Foreign property owners in the Cayman Islands are used to paying some type of property tax. Whether it be in their homeland or other foreign jurisdictions where they own other properties. None of these owners are going to run away from us. They know very well the strong market value of the KYD they receive will offset any type of tax they will have to pay to the Cayman Islands Government. If, however, one or two do scream, throw their arms up in the air, and talk about ‘how they contribute to the economy of the Cayman Islands’ but silently know they are still getting a better deal by investing in the Cayman Islands, so what? Five more will see the light and want to invest in property/properties here.
Please do not let the property owner/owners or the real estate tycoons here dissuade you and the other 18 members of Parliament that this is a bad idea. The Cayman Islands Government MUST look at non-traditional means to fill the government’s coffle and here is your ‘# 1 pick’. Do not kick this one down the road because an election is around the corner.
Fast track this one for the benefit of the Caymanians who very much so helped to build this country to where we are so that foreign owners can invest and make sh** loads of money off of us.
Finally, the only issue here that I have about laying an annual tax on property/properties owned by foreigners is the 2% you are recommending. This percentage is far too low. I think a STARTING POINT should be 10% instead.
To Anonymous 12:13am: I totally agree with you. A multi-millionaire buys a 6.5 million apartment, pays the stamp duty and from there on out rents out said apartment for 10,000 a month or more. 2% is a drop of pi$$ in their bucket. I agree that it should be 10%. They do not like it, they can sell their nest egg and go buy somewhere else. Make a foreigner try to buy beach property in Mexico. Or see if a foreigner can purchase just any piece of land in Canada.
Under this system the multi-millionaire purchasing the $6.5 million home would pay $130,000 a year at the 2% rate. Hardly a drop of pi$$ in the bucket. At the 10% rate they would be paying $650,000 a year. It would certainly dissuade investors buying here, but in reality perhaps that is the goal?
You must be one of the many graduates that are not proficient in math. Hopefully you’ve not yet procreated.
Find one place with a good economy that taxes property at 10% per year?
More importantly, people stay because the market is good…because there’s no taxes. Introduction of tax will change the market dynamics. Very very quickly this market will cease to become a good real estate market. And people will leave. Then it will collapse further. Quality of life will decrease. And people will leave. And it will collapse further. Cost of living will increase and people will leave. And it will collapse further.
And eventually, financial services will leave…and the entirety of the Cayman Islands will be nothing more than another backwards Caribbean nation and the entire country will collapse. Tourism will die. And everything our forefathers built will be gone.
All because an idiot like Chris Saunders is pitching this idea to other idiots for votes…and idiots like you believe it, and fan the flames.
LOL. A 10% property tax? Welcome to Venezuela. Why don’t you just expropriate all foreign owned property. I hope you’re not planning to flee to the US when the economy collapses. They’re full up and not taking any more refugees from failed states.
BS! I wish this island was a single constituency. I would have a field day voting against idiots like this guy.
But I’m stuck in WBW with no one to vote for! 🤮
The real issue is the scam of medical care here. Big pharma and medical companies making up issues to make big claims on insurance so they can all get very rich.
Great!
Cireba is a joke they will give you all the answers to pass the Cireba test so they can make profit on your sales.(Done it)
Shit needs to get busted open about the lies.
Chris I know you have good intentions but we see right through this especially with Mac involvement, im going to vote for the next candidate for Bodden Town. Imagine a drug dealer as the Premier and a female abuser as deputy premier. This would not look good to the outside world and will create more issues for Cayman and the financial industry.
There is $80 million being wasted on the Brac building a ridiculous school for no one.
That money alone will keep you eating KFC while on dialysis for years to come
Bring in international Health insurance as they will be cheaper, better coverage than Cayman Health insurance. Cayman islands is too small to have a good health insurance while international health insurance company will have millions people in the system.
We all know that this is just fodder for the campaign trail, nothing more. This will not come to pass before the next election thank God. Chris is just looking for easy targets and using buzz words and fear mongering to try and get back his seat next year.
cayman is for caymanians not for you people who come here and use it as an ATM. stand up for your people.
Why didn’t Mr. Saunders set up a ‘sinking fund’ or a ‘sovereign Wealth Fund’ when he was Minister of Finance. Instead, he did nothing to plan for our future but now want to destroy the economy by taxing the part of our society that brings the business. Shame! Shame on you Mr. Saunders. You need to go back to school and study basic economics!!
Yet, Chris is the same one who pushed for raids on pension, and now he’s crying there’s a looming crisis on how to pay for healthcare for our aging population? And wants to implement direct taxation on one group? Make it make sense!!
Politricking at its best. And by the way, what exactly is the 2%on? Is it on the purchase price of the home? Is it on the value of the property? How is this supposed to work? And how will it be enforced? This motion is devoid of real substance, just filled with the usual to get our disenfranchised Caymanians upset and on board: “tax foreigners on their properties to benefit Caymanians”. A proposal completely bereft of explaining what this looks like and how it will work. And the same disenfranchised Caymanians, understandably upset because of how terribly things have been handled over years and it’s impacting their everyday lives, are it eating up and falling for the rhetoric.
So sad. We need true politicians who genuinely care about the benefit of our people coming up with real solutions that don’t cling on to rhetoric to try and save their political seat!!!
Oh boy here comes the Expats on CNS to complain. Those who do not like the mandate can go back to where they originated and I don’t want to hear about they are needed. They will simply be replaced by others who will comply with our laws. Everytime a mandate is raised to aid Caymanians the expats cry about racism or some other BS. Don’t like it leave and try Dubai or Singapore because they wont hesitate to remind some of you of where your place is. Being white and expatriate doesn’t give you any more rights the locals and shouldn’t. The tax is needed as locals are priced out of the market by some of you. I’ve seen so many of you threaten to leave but never do. Wonder why because other countries wont tolorate you coming in and acquiring all the residential property. Please let’s start a fund to assist those who want to leave so they can be replaced.
Dude, Cayman is one major storm or financial sanction away from answering your prayer. Those that can’t or won’t leave will be left with the >$2.1 billion civil service pension and healthcare liabilities, and a GDP that collapses from >$1bln a year to less than $150mln. Good luck with that.
Well let’s think this one through….
1)Foreigners buying property in Cayman are in general very wealthy = this 2% tax will not deter them from buying property at all.
2)Cayman real estate is already brutally expensive to the point where it’s utterly laughable the outrageous prices.
3) The additional revenue to cover healthcare cost is fine but there’s an argument whether Government is managing their revenue prudently or slovenly?
4) Comical that big daddy McKeeva is in on this.
Conclusion: go for it ✅ … because real estate on island is ridiculously high and this may ease some upward pricing but more likely not and Cayman real estate will continue to skyrocket in listing price.
78,000,000/2068= $37,717 per person
Why so much? Surely they can find better deals, no?
It’s about time we tax the wealthy foreigners. 2% is nothing to them!
Why not just tax everybody Mr. Saunders.
Foreigners/expats/driftwood like me bought in the Cayman Islands because of the one-time tax on property.
Leave the property tax idea to our beloved neighbour to the North – known as the USA (we see how well it works up there -LOL).
Anyhow Mr. Saunders you are setting yourself up for total failure on this subject – the legal repercussions facing the Cayman Islands Government will be very significant.
Think about it Mr. Saunders – imagine you bought land in a foreign country – recognized as stabile, recognized as having a one-time property tax – hmnn wonder how you would feel?
I sense that you are anti-foreigner – with such an outlandish idea.
Think about putting an excise tax on every single vehicle owner (set it at 1% or so of the value of the vehicle). People who want a $50,000 vehicle would pay more than a person with a $5,000 vehicle – every one pays 1%.
And since our beloved islands like “duty” so much why not just put another 1 or 2% on to everything. Earmarking the funds for health care – WITH THE CONTINGENCY THAT CABINET CANNOT USE FUNDS FOR ANYTHING BUT HEALTH CARE.
Lastly everyone who gets free medical, especially active civil servants should have to pay a nominal $5 or $10 fee each and everytime they visit – this would be put in the health care fund – and it seems to me this is not any unreasonable fee.
Anyhow, waiting for the nay-sayers and critics to read this and tell me all the reasons my ideas aren’t worth consideration
Legal repercussions? Laughable, but good try.
Fees are gone up already. $1000 to get a car from Grand Cayman to Cayman Brac and $300 of that is for port.
Chris, you know around half of those uninsured Caymanian retirees about to be unable to afford to live here and which will require hundreds of millions of dollars of healthcare support from the government are people that have been granted status, with scant regard to legal requirements, and including while you were minister responsible for preventing the uninsured and future indigent from becoming Caymanian?
Also the same person to allow raids of people’s pensions!!! But now there won’t be enough to cover healthcare in later years. He’s counting on voters not connecting the dots.
So, government don’t like charging fees…
Referring to the article in the Compass recently, about how the Government (mis)manages their budgets and spending.
Simon Cawdery makes mention of the raft of government fees that are levied on normal supermarket groceries. In fact, he challenged local supermarkets to start including added government fees to the till slips, so the public can see how much actually goes into their coffers.
Rather than adding more and more fees, start with being more transparent.
Throw in everyone granted status by Mac as well and it’s all good.
That’s over CI$37.5k per person. Not many folk, even those foreigners ripe for milking, could afford insurance coverage at those rates.
Voters do not have to be respectful of serial accounting fraud when it comes to the handling of their money. To suggest that foreigners should pay to cover up decades of UDP/PPM accounting misrepresentations is beyond grotesque. If Cayman is to ever be seen as a law-abiding financial jurisdiction, in the eyes of many watching sanctioning agencies, then years of political misstatements need to be answered for, prosecuted, and yes, some of the key conspiracists may well need to go bunkup with Canover.
If you let them start up a real estate tax of any kind, they will quickly expand it. Today, it may only be for foreign-owned — but tomorrow they’ll clobber EVERYBODY with it. Don’t let this get started. REDUCED SPENDING INSTEAD. There’s a ton of waste in the budget. Go after it!
Well, thankfully the constitution gives CAYMANIANS the ability to trigger a people’s-initiated referendum to have our say on matters of this sort. Whereas, the NON-Caymanians don’t have that luxury.
CIREBA can help things along and minimize the need for consultation by reducing their “finder’s fee” by 2% and passing that along to gov’t. I know, I know, if we ever see a headline to that effect, double check that it’s not April 1st.
All foreign real estate agents punching the air right now.
I think we all know this story.
First is a tax that only applies to foreigners.
After the foreigners have left, a tax that only applies to Caymanians earning over $$$.
After the Caymanians have left, a tax that only applies to people without Jamaican heritage like Saunders and McKeeva.
After that…….
The $2.1 billion health and pension civil service liability coming due, is a product of collusion and intentional accounting misstatements going back many many years, authored by Mac, Kurt, Alden, Wayne, and now JOCC. Ezzard and Roy all held their noses on PAC Committees and went along with it. Ken Jefferson the architect of this fraud is still in his trusted gatekeeping position, despite his oath to the public interest! Never a cop when you need one in Cayman…
You can start by reducing your salary and the rest of the MPs. That will pay a lot of bills.
Need em all taxed. They use this country as an atm. Get them the f out. Tired of white 4ners coming here, faking valuations to steal properties. Get em out
Saunders is that you
Morons!
Going to need to order some more clown shoes in advance of the December sitting of parliament.
wahh wahh wahh im a rich 4ner and mad i have to pay 2% on my property per year wahh wahh wahh wahh wahh
It is my understanding that we presently have a law that states that ANYONE owning over 3 (I think) residential properties is supposed to pay an annual fee. Am I correct?
If so, is this being enforced?
Such persons are essentially running a business so this fee would be like a license. These fees could be ring-fenced for specific purposes and if owners do not wish to pay they can sell properites any help the cost of housing stabilise.
The prohibition is on anyone renting over 2. No, it is not enforced. Nor is the Maintenance Act, the Health Insurance Act, The Labour Act, or the Immigration Act.
Apart from that, we good.
The guy is a genius. Because at the end everybody wants to come to an island with no beaches and a mountain of rubbish to pay local citizens their helathcare expenses.
Raise the age of retirement to 70
as to taxing foreign owners, that sounds scary but its not awful and certainly not unheard of. We’re all taxed on property as it is, so its not introducing tax, its simply expanding it to an extent.
however the fact that it wont apply to PR or Status etc? all they have to do is buy residency to get around it, no? Maybe not.
I’d suggest capping health care costs and reducing the amounts that are allowed to be charged. Apart from diet and lifestyle, most of the healthcare issues are that we’ve allowed practitioners and insurance companies to charge whatever they want for all intents and purposes.
as to CIREBA crying again, get off it..you’re charging 5% commissions for a few hours work waiting for a phone to ring. What a joke
Excellent idea Chris ! Well said ! You are truly the voice of the working class . The only politician that truly understands what is happening to us the forgotten Caymanians !
We look forward to voting you back to continue your fight for the working class people.
The only politician thus far that has brought any motions that benefit us the voting public
God bless and God speed
You are not Chris Saunders by any chance, are you?
I think it should apply to anyone who has not been here at least 25 years. Just hold off until next week when I hit that mark……….
Chris you lost me at Mac. The same McKeeva Bush who set up Cambridge Real Estate in his wife’s name to collect commission on the Ritz Carlton sales.
Good thing us older folks are still around to remind people of past deeds.
Doesn’t surprise me that Saunders, McKeeva, Jay and Kenneth are being mentioned as a coalition.
What a mess this country would be in if the 4 of them are left in charge.
So altogether now – try so sit down!!
Racist Saunders with a massive chip on his shoulder, now wants to kill the goose that lays golden eggs for Cayman.
Populist politics of hate and envy coming into play before elections.
Hey ACC!!! RCIP!!!!! Do you even exist?????
I wonder what percentage of the uninsured are Mac status grant recipients and their families? I would imagine it is very high.
Unfortunately, it seems us who remember do not vote in WBW. The man is a menace!
Fantastic idea :D, next up let’s tax expats on gas, groceries, air, etc in order to create a fund to help Caymanian kids that are in a failing public education system.
you are being sarcastic aren’t ya. cheeky and subtle
What these foreigner hating fools don’t understand is that not all non Caymanian property owners are multi Millionaires.
There are many on work permits who have purchased homes/apartments in the $850,000 range who will, in addition to strata fees, have to find another $17,000 a year to pay the 2% tax.
If the property is rented, then rents will increase to cover that and knock on effects will be disastrous, and certainly out of reach for Caymanians who can’t afford to buy.
Your envy and hatred will harm those you are trying to pander to for votes.
Most Caymanian cannot afford the rent already, if this allows the bar to attaining a home to be lowered, then it is welcomed.
How exactly will you spend the revenue to help the kids in the failing public system? Because the government already spends more the private schools charge per pupil to achieve those failing results. Why do you think throwing more money at the issue – especially if spent by the imbeciles we have in government – will make any difference whatsoever? It’s like trying to fill a bath with the drain plug out by turning the taps on more.
To be fair, it is expats screwing up the public education system, and expats making the private education system thrive.
How is that?
I’m not sure money is the problem…
https://www.caymancompass.com/2024/11/13/analysis-is-public-spending-in-cayman-out-of-control/
“In terms of education spend, government spending is wasteful. Cayman government schools spend more per pupil than private schools to achieve worse outcomes, which is a truly horrific and inexcusable situation on so many levels.”
I thought you were going to say fund the NAU so we can sit on our asses all day at home rather than go to work and sit on our asses all day
the foreign readers of cns wont like this…..
More importantly, Mr Dart won’t like it lol. Watch Mac backtrack.
What’s more important the foreigners’ feelings is locals being able to get on the property ladder. The same foreigners have driven up prices making it near impossible.
no problem with this. 2% is less than most places in the world, it wont stop 4ners from buying here. would like to see the money spread into more funds, education, environmental protection etc etc..
it’s a small price to pay for 0% income tax and 0% capital gains tax.
The money will disappear into thin air, just watch!
Politicking time again, once again, all candidates will start caring for Caymanians. Unfortunately, I’m sure they’ll fool most of us….again. I’d imagine, just like other initiatives, these funds will mystically disappear (re-allocated to pay for their lavish lifestyle) again.
Spend less you idiots, ever thought of that..?
mac trying to tax expats again…remind me how that worked out for you last time?
chris…you associate yourself with someone like mac and you will pay the price…hopefully in april.
so yet again…caymanians want expats/foreigners to pay for and sort out a caymanian made problem????
speaks volume about caymanian work ethic and entitlement culture….
Don’t like it leave clown 🤡
WB Voter? Go back to taking your free white goods and turkeys from Fat Mac the criminal and keep quiet, the grown ups are talking.
lazy, stupid, racist, ignorant way of dealing with a problem.
chris/mac….how many recommendations of the miller-shaw or ernst & young reports have been implemented?…come back to us when you are prepared to answer that question.
cry more
Don’t like it leave clown 🤡 always you white expatriates on CNS hiding behind anonymous postings upset when your white privilege doesnt allow you to get your way. Move to Dubai see if you can get your way there. You will simply be reminded you are hired help. That’s where Caymanians got it wrong allowed your kind to think you can dictate how things should go. Pack your bags and Leave you can move to the US Trump wants whites like you. Please be reminded you will be replaced by an Expat willing to comply with our Laws and will have no issue paying that Tax. Pack your bags and catch BA or KX the same airline you probably bash anyway and connect from Miami to whichever hole in the ground you originated from.
7.06 that’s what Jamaicans were shouting before independence.
After independence, (from prosperity), they all ran here, to live under the umbrella of civilsation provided by the same people they were shouting at.
GT Voter,
As a Caymanian I stand by everything you said we need to push back and ensure those who have an issue with proposed Tax be given the option to leave as they will be replaced and quite easily. The reason they won’t leave is UAE and other countries are not allowing them to have control over the people of the country. CNS is the sandbox for these White expats to disparage the Caymanian people and its duly elected representatives. We have to unify as a people and get rid of some of these Expats who forgot their place in this country which is hired help.
They would never speak out if this was the UAE or Singapore they would accept or move on and be replaced with qualified persons that want to respect the Caymanian people and their laws. I know so many South Africans that have moved here recently openly disparaging Caymanians they actually think it’s ok because they long for the days of apartheid where they could openly express their views about a predominantly black community.
We must stand up and start exposing these Expats. They can label me racist but we all know anyone that stands up against them is considered a racist. They come to a country like they have done in Bermuda, Bahamas, BVI, Turks and Caicos, buying up all the property pushing locals out, not supporting locals in any way.
Instead of us Caymanians fighting each other for once let’s direct our energy to pushing back and getting rid of some of these Expats especially these ones on CNS they have shown you what they think of us. So no more crabs in bucket mentality.
Please let’s organize and mobilize to have these clowns pay this tax because as the poster said where will they go and if they do there are 100 more ready to take their place.
I am clearly saying those who have an issue with the proposed mandate. Leave as soon as possible so you can be replaced. BA and KX operates daily so you can travel to London and connect from there or use KX and enjoy your baggage allowance as you travel to Miami and ultimately to the hole in the ground you came from 😊 we the young Caymanian people will assist with your removal. 2025 is around the corner get a headstart 😉
By proposing property taxes instead of fiscal responsibility, transparent passing grade accounts, and FCO compliance, Chris Saunders, the independent opposition MP for Bodden Town West, has declared his own ineligibility for re-election.
1.56 do you really believe Saunder’s Jamaican voters give a flying follicle about ‘fiscal responsibility’..?..Hell they won’t even know what that means.
Saunders is just going to show them he’s willing to stick it to the white man, in return for their votes.
Nothing inherently wrong with spending – a government is not a household its interests are longer term and there is a much different approach to deficit spending and debt management than businesses and individuals.
the approach that Governments should take should be based on the circumstances required at the time, sometimes Governments have to absorb costs and spend buckets of money such as during COVID or in the aftermath of a hurricane even if there is never any return on that spending, businesses take risks, make bets, and are self-interested at the end of the day, where those risks do not lead to returns the business either fails or will stop taking those risks.
The problem Cayman has is that when it does spend or invest – it does so poorly such as short term handouts or projects envisioned primarily for upcoming elections or it grossly overspends on projects such as the High Schools and Airport which go tens of millions over budget
This property tax proposal not only isn’t a bad idea but it should be expanded to include PR holders and corporate holdings over a certain value as well as foreign landowners
Caymanians need to learn to stop being afraid of the word tax
I thought his Jamaican citizenship made him ineligible. Is that wrong?