Despite, or perhaps because of, the Cayman Islands' reputation as a hotspot for hiding money, the islands are a key jurisdiction for international business and tax law. Law students at Case Western Reserve University have the opportunity to study Caymanian business practices. According to professor Andrew Morriss, studying the Caymans' relaxed financial regulations "helps American companies, not to not pay taxes, but to structure business transactions to reduce the cost of the transaction."
March 29, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
While the Cayman Islands may conjure up images of sandy beaches and pricey resorts, the sunny tourist paradise is also synonymous with money laundering and tax evasion.
The Cayman Islands is a key jurisdiction for international business and tax law — a fact that hasn’t escaped Case Western Reserve University School of Law, based in Cleveland. The school has started what it claims is the first legal course in the island nation for a U.S. law school.
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