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Raising Their Ugland House: Cayman Islands Lobbies to Keep Haven Safe
August 20th, 2009
Sunlight Foundation--When President Barack Obama promised in May to raise an additional $210 billion in taxes a year by closing corporate loopholes and cracking down on individual tax cheats, he pointed to an address in the Cayman Islands listed by 12,000 corporations as the kind of abuse his proposals would shut down. "Either this is the largest building in the world or the largest tax scam in the world," the President said.
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