Post by dgriffin on Sept 29, 2008 22:25:32 GMT -5
Greed At A Glance
From "Too Much" Online:
"Just imagine what the stress level must be on Wall Street these days. But at least some high-rollers are finding relief — in a far sunnier clime. Last week, several top Wall Streeters purchased villas in The Colony, a new Caribbean luxury project touted as Jamaica’s “most expensive gated oceanfront development on record.” The villas run up to $7 million each and carry a $72,000 annual fee that gives owners 60 days of butler, chef, and maid service. The best part: Villa owners pay no taxes on their properties, thanks to a complex financing deal that involves an “offshore special purpose vehicle” based in the Cayman Islands, the notorious super-rich tax haven . . ."
More at:
www.toomuchonline.org/tmweekly.html
(Careful, this is from a UN based group, but is nonetheless interesting reading.)