02/06/2019
Cayman Airways board chairman Philip Rankin, by contrast, is not paid for his services, though he and other board members receive free flights for themselves and their families on the national airline.
02/05/2019
The investigation had revealed there were 276 Indian account holders with at least $1 million in their balance of whom 85 are residing in the country.
02/05/2019
Many expats share certain personality traits such as flexibility, curiosity, and financial acumen.
02/05/2019
The Cayman government is planning to amend the Trusts Law and related regulations this year, Minister for Financial Services Tara Rivers announced.
02/04/2019
The Financial Reporting Authority is dealing with a growing backlog of uncompleted reports.
02/04/2019
The Royal Commission was a quasi-judicial independent body led by a former high court judge that was tasked by the government
02/01/2019
Last year, government passed a bill that provided the industry with greater certainty and clarity with regard to wills in cases where a testator dies outside of the Cayman Islands.
02/01/2019
On a macro level, we know that trust in business took a dive during the financial crisis ten years ago, and still hasn’t fully recovered.
01/31/2019
The island nation had to conform to international standards on tax matters in relation to the implementation of measures against tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax location
01/31/2019
This information will be regularly reviewed and updated as the outcome of the UK-EU negotiations becomes clearer in the coming weeks.
01/31/2019
This is unlikely to change under the AML/CFT regime, but CIMA will expect fund managers to check that the service provider’s AML measures are sound and robust.
01/30/2019
As part of the program, taxpayers would receive protection from criminal prosecution for failing to previously report their foreign accounts and the income from those foreign accounts
01/29/2019
The tax measure, first unveiled in the 2018-19 federal budget, was aimed at stopping some high-profile individuals creating sneaky structures to minimise the amount of tax they pay.
01/29/2019
Class B, C and D licensees totaled 703 — up from 696 in 2017 — with 21% of insurers in these groups were formed as segregated portfolio companies, according to the statement.
01/29/2019
Also at the seminar in London, lawyer Stephen Ozanne, Senior Associate at Walkers, provided a briefing on the impact and potential of the island’s recently-lodged ”smart contracts” and “electronic agents” legislation.
01/29/2019
The assessment of preferential tax regimes is part of ongoing implementation of Action 5 under the OECD/G20 BEPS Project.
01/28/2019
Tax reforms, including the lowered U.S. corporate tax rate of 21 percent from 35 percent and the base erosion and anti-abuse tax, have eroded Bermuda’s pricing advantage relative to the U.S.
01/28/2019
Mr Burt added that the new office had been set up because constant engagement with the EU was needed instead of “shuttle diplomacy”.
01/28/2019
'This makes previous money laundering cases look like child's play'
01/27/2019
The UB recently added more advanced courses in arbitration to its law programmes and is working to create a Centre of Excellence.