Cayman Finance to confer on local economy

| 07/04/2010

(CNS): The industry body which represents the country’s financial sector will be holding its inaugural Cayman Finance Summit next month to provide a platform to discuss the future of the islands economy. Cayman Finance is bringing together panelists and guest speakers to discuss issues ranging from how Cayman is viewed in the international media to the findings in the recent Miller Report. The industrybody said that experts in economics, policy development, taxation, regulation, public relations and public affairs will join together to illustrate why Cayman’s low tax model is the one that will generate the most substantive results for the people here and across the globe. 

Chaired by Anthony Travers, Chairman of Cayman Finance, the Cayman Finance Summit speaker list includes keynote speaker Dick Armey, former leader of the US House of Representatives, who will cover “Tax Competition – The Way Forward.  Premier McKeeva Bush will open the conference and Managing Directorof the Cayman Islands Monetary Authority Cindy Scotland will provide an update from the regulator.
James Miller and David Shaw will both be present to discuss their recently released “Miller Report” that calls for a dramatic decreased in government expenditure, the trimming of the civil service and the privatization of various public agencies. Richard Teather of the Bournemouth University Business School will be speaking on his recent research “The Fallacy That Low Tax Rates Contribute to Poverty and Why High Tax Rates Do.” 
Jack Quinn and Jack Irvine of Quinn Gillespie & Associates and Media House International respectively will discuss “How the Cayman story plays 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 the minds of these key influencers of public perception.
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, in his presentation entitled “Will Protectionist EU Legislation Work?”
Other speakers include Gary Hufbauer of the Peterson Institute for International Economics who will provide his insights on “The 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”.  
The conference will be held at The Ritz Carlton, Grand Cayman on Thursday 6 May 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 or for sponsorship information, please contact Denise Gower at
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