STEP Journal: Cayman Premier McKeeva Bush has surprised the jurisdiction's financial sector by announcing plans for an income tax on work permit holders earning over USD20,000 a year. The Cayman Islands, which is a UK overseas territory, has come under UK government pressure to reduce its public sector budget deficit.
Full story: http://www.stepjournal.org/news/news/main_story/cayman_islands_plans_income_ta.aspx?link=journalTitle