Photo edited by MJ Kang / the Daily Pennsylvanian. Original sources: Roger W / CC BY-SA 2.0, and public domain images.
Just a few days after Penn was named in the Paradise Papers as an organization with accounts held at the virtually tax-free Cayman Islands, the University Board of Trustees has announced plans to construct a new college house in the Caribbean British territory. Construction will occur simultaneously with New College House West. The Board cited “space restrictions in the current system” as the reason for the project.
“We believe the islands are currently a dead space,” President Amy Gutmann said. “We should take advantage of the opportunities they offer.”
“For our students,” she added.Read the Full Article