IRS cash won’t be from here, says Cayman Finance

(CNS Business): Following the collection of billions of dollars from around the world by the US Internal Revenue Service from its Offshore Voluntary Disclosure Program (OVDP), representatives from the Cayman Islands financial services sector say it is unlikely that anyof that cash has come from this jurisdiction. Anthony Travers, the former Cayman Finance chair who has stated on numerous occasions that tax dodgers don’t use this jurisdiction, said it was wrong for anyone to assume the money would have come from accounts based here. Richard Coles, the current chair of the industry body, said there was nothing to suggest any of the money came from Cayman but if it had they were pleased it had been recovered. Read more on CNS Business