Money Smarts Blog Investing and Personal Finance
This is why we decided to buy a rather expensive but luxurious motorhome, just finished living waterfront on the fishing highway in BC, gradually moving to ocean front in Nova Scotia for a few months then on to our pre Christmas ocean front spot on Marathon Key before it gets too chilly...house on wheels has many advantages at times.
Thank you for the discussion on Cayman. I visited for the first time in the fall of 2011 and have booked again for this coming October for 2 weeks. Camana Bay is the most exciting development I have ever seen in the islands, even a hospital is planned all paid for by the developer. Nassau and Bermuda had been favorite destinations for me for many years but I now think this is just a great spot. I was there at the beginning of December and one evening we drove around the "really really rich" area and all the mansions had their holiday lights and decorations on display. It all tumbled back to earth for me when got back to the late Canadian fall weather but still nice Christmas lights here too!
I met a litigation lawyer on the plane when we left Cayman - he has been living down there for the past 6-8 yrs. He said the Caymanian gov't was applying a new 10% income tax to residents, but was skeptical on how the authorities would ever have the means/method to collect/supervise/enforce the tax.
"What good is money if you can't inspire terror in your fellow man?"- C.M. Burns
This tax I understand is applicable to non status residents only.