President Obama loves to joke about a certain building in the Cayman Islands which, he says, is claimed by over 12,000 businesses as their headquarters: “Either this is the largest building in the world — or it’s the largest tax scam in the world.”

If you’ve ever wondered what the building looks like, here’s your chance to find out.

The strangely named Ugland House features in this video report on the celebrated Carribbean tax haven from, of all sources, Al Jazeera. The producers gleefully flash the names of some extremely large and well-known corporations across the screen, among them Deloitte, AIG, Lloyd’s TSB, JP Morgan, and KPMG. But if, like me, you’ve never been fortunate enough to visit a Caribbean island, you may find the clip just as interesting for its shots of the Caymanian capital, George Town, and its inhabitants as for its discussion of the islands’ place in the global tax system.

If Mr. Obama has his way, the Caymans will likely become a less attractive place to keep your money. But they’ll surely still be a great place to go visit it. ###