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Hedge Fund Havens Weigh Taxes as Caribbean’s Debt Rivals Greece

Bloomberg – From the Cayman Islands to the Bahamas, hedge fund havens are considering a surprising remedy for widening deficits — higher taxes.

The Bahamas is planning a town hall to debate a tax overhaul that may include the nation’s first income and sales tax. In the Cayman Islands, which has the highest number of hedge funds in the Caribbean, Premier McKeeva Bush vowed to increase registration fees for the industry after foreign workers balked at a tax on their earnings. Antigua & Barbuda is targeting self-employed workers for tax evasion, with the Finance Ministry calling it “high time” to go after cheats.

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