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The Cayman Finance Summit: 'Tax Competition Drives Global Growth'


News provided by

Cayman Finance

Apr 13, 2010, 05:15 ET

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GEORGE TOWN, Grand Cayman, April 13 /PRNewswire-USNewswire/ -- How does the Cayman tax platform support a robust global financial recovery? That question will be answered at the inaugural Cayman Finance Summit, Thursday, May 6, 2010.  

The keynote speaker is Dick Armey, former majority leader of the US House of Representatives, who will speak about "Tax Competition – The Way Forward".  

A distinguished panel of speakers with backgrounds in economics, policy development, taxation, regulation, public relations and public affairs will discuss why Cayman's low tax model is generating substantive financial results for people in Cayman and around the world.  

Leading economists speaking at this event include Gary Hufbauer of the Peterson Institute for International Economics, who will provide  insights on " International Tax Proposals and Their Implications for Cayman;" Stephen Entin, President and Executive Director at the Institute for Research on the Economics of Taxation who will speak on "No More Tax Avoidance:  A Territorial Approach;" and Daniel Mitchell of the CATO Institute, who will speak on "The Supra-Nationals and the Not-So-Hidden Agenda."  

Richard Teather of Bournemouth University Business School will discuss "The Fallacy That Low Tax Rates Contribute to Poverty and Why High Tax Rates Do."  

Matthew Jones of the Alternative Investment Management Associations (AIMA) will provide an update on the Alternative Investment Fund Manager Directive, a European initiative focusing on the investment funds industry. His presentation is entitled "Will Protectionist EU Legislation Work?"

James Miller and David Shaw will both discuss their recently released report, "The Cayman Islands:

A Balanced Budget," which sets out a clear roadmap for Cayman's economic recovery, with a call for decreased government expenditure and trimming of the civil service.    

The Cayman Finance Summit is chaired by Anthony Travers, Chairman of Cayman Finance. The Cayman Islands' Premier, the Honorable McKeeva Bush, will open the conference and provide an update on financial regulation.

Jack Quinn of Quinn Gillespie & Associates and Jack Irvine of Media House International will discuss "The Cayman Story In the International Media," looking carefully at the media's role in creating and perpetuating misperceptions about Cayman and how Cayman Finance is actively educating and changing attitudes among key influencers of public perception.

The conference will be held at The Ritz Carlton, Grand Cayman on Thursday, May 6 from 8:00 am – 5:00 pm with a cocktail reception immediately following.  Delegate fees are US$300 for Cayman Finance members and US$350 for non-members.

For more information or to register for the conference, visit http://www.caymanfinance.ky.   For sponsorship information, please contact Denise Gower at [email protected].

Cayman Finance, a not-for-profit association, is the voice of Cayman's financial services industry, promoting the high quality, transparency and integrity that make Cayman a leading international financial centre.  Funded by the private sector and partnering with the Cayman Islands Government, Cayman Finance's mission is to educate the media, politicians and the public at large about the positive impact Cayman's financial services industry has on both global and local economies.

SOURCE Cayman Finance

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