Our approach to tax obligations

91
The Cayman Islands - a haven and refuge in so many ways

Although we are a small company compared to our major competitors, from the outset we have always paid our fair share of tax.  At a time when it seems fashionable to avoid tax and even gloat about it, we assiduously meet our obligations. We don’t have a Byzantine corporate structure with obscure ownership chains that loop through Panama from Lichtenstein to the Cayman Islands.

Our corporate structure is simple. We have a UK-based subsidiary who is the vendor of record for all our European sales, and who pays the correct VAT to each jurisdiction in which a sale is made. The same is true for our other main markets,  the US, Canada and Australia.

1 COMMENT

LEAVE A REPLY