In a current report by the Cayman Compass, it has been revealed that the Premier of the Cayman Islands holds a place among the many elite group of the world’s highest-paid heads of state.
Studies are that the wage for the place of the Cayman Premier surpasses that of the United Kindom’s Prime Minister and is similar to the wage of the President of america.
Cayman Premier’s staggering wage
On the core of this revelation is the fastened wage given to the Premier of Cayman, which is $234,900 (equal to US$282,000).
Notably, this wage is completely tax-free.
Comparative evaluation: Cayman Premier vs. UK Prime Minister
Studies are that the UK Prime Minister receives a wage barely exceeding US$200,000 earlier than taxes. Nevertheless, the incumbent, Rishi Sunak, faces an efficient tax price of twenty-two p.c, leading to a lowered take-home revenue of roughly $156,000.
