Good show, 
Mr. Premier

Despite the cacophonous chorus of naysayers predicting that Premier Alden McLaughlin would be outmatched, even embarrassed, on BBC’s tough talk show “HARDTalk,” we are pleased to report that Mr. McLaughlin comported himself well and represented these Cayman Islands with dignity.

In fact, if the interview, hosted by Stephen Sackur, were considered as a debate, we would declare our Premier the winner.

For starters, Mr. McLaughlin appeared “Premierish.” He was well-attired and composed. More important, he was far better informed than his host, who appeared to be too briefly briefed by researchers who dug up tired bromides (such as U.S. President Obama’s wisecrack about the number of offshore companies registered at Ugland House) and not much else.

Mr. McLaughlin counterattacked effectively with the example of hundreds of thousands of companies with one address in Wilmington, Delaware. Advantage, McLaughlin.
In sum, host Sackur was not knowledgeable enough to out-debate, or, as is his style, out-bully, our Premier. Mr. McLaughlin held his ground, then took more.

We suspect Mr. Sackur welcomed the end of the interview, since he appeared to have exhausted his researchers’ prepared remarks.

We were reminded of the 1980 welterweight championship boxing match between Sugar Ray Leonard and Roberto Durán, when Durán, exhausted and frustrated in the eighth round, conceded famously, “No más!”



  1. The Premier did a very good job, I was very contend. However,I do not understand why it was not mentioned that it is the legislation of other countries which allows for example companies to park profits in our island here. Nobody likes paying taxes and those companies do not call it tax avoidance but tax management as they only pay taxes when they transfer those profits to the USA.

  2. What a brilliant editorial … and a brilliant performance by Premier McLaughlin!
    As a Caymanian currently residing in the UK, I can’t express how proud I am of him … and Cayman.
    Cayman 2 British establishment 0.
    Mr. McLaughlin set the tone for this interview with his Chatham House speech, and as your editorial pointed, Sackur had absolutely nothing of any substance with which to respond.
    Frankly speaking, he was an embarrassment to the BBC in this interview, displaying an abject lack of knowledge of the subject matter and resorting to unsubstantiated rumours and conjecture.
    The British establishment’s envy of Cayman shone through also, with his continuous reference to the 1.5 trillion dollars of assets held in a territory the size of Cayman, a thinly-veiled inference that Cayman has no right to be successful in the business of international finance.
    Mr. McLaughlin let him off the hook by not referring to the billions of taxes that are evaded and not paid to the US Inland Revenue Service and Her Majesty’s Revenues and Customs in the UK by companies such as Google, Amazon and a host of others which is a huge public debate in the UK at the moment.
    There’s no need to repeat what your editorial has said; it sums up the interview perfectly.
    I watched this airing this morning (UK time) with bated breath and to be sure…
    Sackur was relieved when this match ended and happy to leave the field of play.
    Kudos to Mr. McLaughlin, Cayman should be very proud of him.

  3. Mr. Beister
    This interview was set up to bait Mr. McLaughlin into an aggressive and defensive response and promote that image across the globe.
    It failed miserably.
    Hurled accusations with no facts to present to back them up is not fair rules of debate, not that this interview was ever intended to be a debate.
    Yours is a very good question and is being addressed in the UK right now.
    The biggest question in the UK is tax evasion from the HMRC by UK-domiciled companies; anyone reading current UK financial news would have seen this as a major topic within the last 3 months.
    The UK is having a very hard time catching its own tax dodgers at home, the HMRC has openly admitted this.
    As is the tactics of politicians around the world, David Cameron is diverting attention from his own back yard by having the world focus on Cayman.
    He should also explain how the City of London intends to handle the huge profits that the UK will make, that his agreement with the Chinese Government to act as Europe’s main broker for the floating of China’s currency, the yuan, on the world currency markets and how taxes will be paid on these profits.
    When the USA and UK points a finger at Cayman in accusations of tax evasion, they have many more pointing back at them and Mr. McLaughlin has made this point, in a very diplomatic way.

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