GRAND CAYMAN - FEBRUARY 2009
The Cayman Islands, located south of Cuba and west of Jamaica, include the islands of Grand Cayman, Cayman Brac, and Little Cayman. The British overseas territory is known to be a major offshore financial centre. Legend has it that Caymanians in 1788 rescued the crews of a Jamaican merchant ship convoy which had struck a reef at Gun Bay during a hurricane, and that the Caymanians were rewarded with King George III's promise to never again impose a tax. The story is, however, much different, and the tax haven seems to have been created in the 1970s when a Cayman Islands' Finance Minister discovered that some people would love to avoid paying legal taxes in their home countries... With the general fight against tax fraud and tax evasion, the Cayman Islands is now in the G-20 list of «Tax havens that have committed to – but not yet fully implemented – the standard»...
"ARRIVING IN CAYMAN"
"GEORGETOWN - Lying largely unprotected at sea level, the Cayman Islands have the dubious honour of having experienced more hurricane and tropical systems than any other region in the Atlantic basin, being brushed or directly hit, on average, every 2.23 years..."
"GEORGETOWN BUILDINGS - Including the Breezes, Margaritaville, Amsterdam Trust Company, National Museum, Bayshore Mall, Guy Harvey, as well as a church and a bank..."
"SEVEN MILE BEACH - Recently named "The Caribbean's Best Beach", Seven Mile Beach is the most popular area of Grand Cayman. Despite the name, it is only 5.5 miles long and annual erosion has reduced its size"
"MINI BEACH - Seven mile is the most famous, but just across the road there are some wonderful spots..."
"WELCOME TO HELL - And to its limestone formations"
"HOUSES OF CAYMAN"
"INVESTMENTS IN CAYMAN"