“It shouldn’t have come to this, Opposition Leader, Honourable Alden McLaughlin, said.
He says he’s concerned what an expats-only tax will do to the Cayman Islands.
“They have now crossed that threshold wants they put into law. I am shocked they are putting in this kind of taxation,” Mr. McLaughlin said.
He says government’s proposed community enhancement fee, a 10% payroll tax for work permit holders only, is too divisive.
“It’s polarising the community already and it’s dangerous.”
The People’s Progressive Party leader also says it’s only a matter of time before Caymanians are impacted directly.
“We know that at some point this will be expanded. Anyone who thinks we escape is terribly mistaken,” he said.
Mr. McLaughlin also says he finds it hard to believe government wants to make the new tax effective next month.
“They’re going to have to create a new tax structure, a new tax authority, a new bureaucracy,” Mr. McLaughlin said.
Government says it was the previous administration’s fault as to why the UK has control over the national budget as it exceeded borrowing ratios. Mr. McLaughlin admits that may have been the case, but 3-years later, he says the UDP administration has no one to blame but itself.
Cayman 27′s Tammi Sulliman reports.