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【Cross-Border Tax】CAYMAN ISLANDS: Economic substance Bill may trigger white-collar worker influx

The Cayman Islands opposition party has warned that passage of the International Tax Co-operation (Economic Substance) Bill, now before the Legislative Assembly, will result in significant population growth, as the financial industry will be forced to bring in large numbers of white-collar professional workers on work permits to fulfill the local management and control functions required by the new law...

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