Comment on Anglin announces massive fee hikes by GC84

In reply to BenSmith. It's bizarre. They won't be re-elected, that's for sure. They seem to have no realisation that exempt companies can easily leave for other jurisdictions. The risk to the competitiveness and to activity in the financial-services ecosystem is non-trivial. Increased work permit fees will lead to increased living costs for Caymanians, and more and more jobs silently outsourced. The construction sector will also slow down, as will stamp duty revenues. Not one of those ministers has even the smallest understanding of basic economic principals.