Cayman Islands Government Calls Scam on Artist Selling Tax-Dodging Companies’ Data

Loophole4All-Caymans-Certificates

Last month the Italian artist Paolo Cirio launched the subversive art project and business Loophole4All.com, on which he purported to offer the business information of multinational companies registered in the Cayman Islands for tax-dodging purpose, as a way of allowing small businesses and individuals to enjoy the same financial benefits. Now the Cayman Islands Companies Registry (CICR) has responded to Cirio, claiming that he never hacked their servers and that his business is a scam, the Cayman Compass reports.

“Just like any member of the public is able to do, the person who claims to have hacked our servers conducted a search for companies on the registry’s website,” Donnell Dixon, the senior official registrar at the CICR, told the Compass. “He then cut and pasted the names of these companies onto a template, in order to create bogus certificates. To the unsuspecting public, these fake certificates appear to be authentic.”

In a response on Loophole4All.com, Cirio took issue with Dixon’s accusations:

Mr. Dixon’s statements are false and he is scamming people. Mr. Dixon, his colleagues, and the Caymans government sell incorporation of fake shell companies, whose main purpose is to defraud the rest of world, causing onshore budget deficits and ever-growing impoverishment. Mr. Dixon’s work must be considered illegal, shameful, and “the biggest tax scam in the world,” as the U.S. President Barack Obama described Caymans activity in 2008.

Further, responding to claims that only 92,000 companies are registered in the Cayman Islands, as opposed to the 220,000 whose information Cirio said he had obtained through his hacking activities, the artist made the entire list of companies available online. “Now with it you can conduct your own investigations, make new art, or whatever you want to do without the need to ask permission from Mr. Dixon,” Cirio concludes. “Liberating information means moving data from a locked platform and distributing it in a form that unveils and builds new knowledge.”

— Benjamin Sutton

(Image courtesy Loophole4All.com.)