Did king George III really give the Cayman Islands tax exemption?

Answer 1

The Cayman Islands are a group of Islands in the Caribbean Sea, close to Jamaica. They are a British Overseas Territory. In February, 1794 a convoy of ships sailing from Jamaica to Britain was wrecked off the East End of the largest island, Grand Cayman. Because of prompt action by local Cayman residents no lives were lost. This is known as "The Wreck of the Ten Sails." There has grown up a legend that because a member of the British Royal Family was on board one of the ships, King George III decreed that no Cayman Islander would be conscripted for military service and the British Parliament decreed that no Cayman Islander would pay taxes. There is no evidence that either of these is true. Taxation in the Cayman Islands is all in the form of indirect taxes - levies on imports and goods sold in shops - rather than direct taxes such as Income Tax levied on Individuals as part of their income. --------------------------------------------------------------------------------------------------------- yes its true