About Arthur Karter

Arthur Karter

Here are my most recent posts

Spain’s Fiscal Outlook

Spain’s fiscal and economic development over the period from 2007 to 2017 reflects two different and politically opposed governments: that of socialist Jose Luis Zapatero, whose term in office faced the adverse effects of the global financial crisis from 2007 to 2011, and conservative Mariano Rajoy’s administration from 2012 until June 1, 2018. Rajoy’s government,…

Without Direct Taxes, How Does the Cayman Islands Generate its Revenue?

Without Direct Taxes, How Does the Cayman Islands Generate its Revenue?

The Cayman Islands is often portrayed as a tax haven. And indeed Cayman does not have any corporation tax, income tax, inheritance tax and similar kinds of revenue. Yet, residents are acutely aware that they are subjected to taxes as government needs to raise revenue to pay for infrastructure, health, education and the day-to-day operations…