Cayman Islands Like An Offshore Detention Centre For Your Money, Turnbull Says

cayman islands tax haven

The Cayman Islands is a bit like Nauru, just with more money and less transparency, the Prime Minister explained today.

Answering questions from Labor during today’s Parliamentary sitting, Mr Turnbull said, “Your money gets taken away for a very long time, and some other taxpayer foots the bill. It’s really very similar”.

Mr Turnbull said there were often millions of dollars crammed into a single story building. “But the conditions are great, just like on Nauru”.

He conceded there were some differences between the Caribbean island and its Pacific counterpart. “With Nauru the general public has very little insight into what’s happening. With the Caymans, they have no idea”.

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