 The territory has never levied income tax, capital gains tax, or any wealth tax, making them a popular tax haven.The constitution was further modified in 2001 and 2009, codifying various aspects of human rights legislation.On 11 September 2004 the island of Grand Cayman, which lies largely unprotected at sea level, was hit by Hurricane Ivan, creating an 8-ft (2.4 m) storm surge which flooded many areas of Grand Cayman.