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The Caymanian Compass reports the latest proposal on the budget alternatives to expat tax. The Premier is replacing the expat tax with a new measure: increase in work permit fees. The fees between CI$15,000 – CI$24,000 will see the highest increase by 35%, and those between CI$7,500 – CI$14,999 will be increased by 30%.

This will affect majority of foreign professionals including accountants, financial controllers, banking professionals, management and chief executives. Read the full article:

http://www.compasscayman.com/caycompass/2012/08/09/Bush-presents-budget-alternatives-to-expat-tax/

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