GEORGE TOWN — A payroll tax may be imposed on expatriate workers and that has sparked fury in this British territory long known as a tax haven.
The territory has no corporate or personal income taxes, one reason it has become a financial center. The British government has been pressing local officials to find new revenue and cut spending.
Now Premier McKeeva Bush is proposing a 10 percent tax on foreign workers who earn more than $20,000 per year. The business group Cayman Finance warned that the tax would make the territory less attractive to businesses.
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