02/26/2019
Although there are some delays, in 2019 the vast majority of committed countries will be exchanging information under the Organisation for Economic Co-operation and Development’s (OECD) common reporting standard (CRS).
02/25/2019
The world’s most developed nations tend to favour low tariffs, while poorer countries have retained higher trade barriers
02/25/2019
What annoys me is that if the people behind the report were to get into power
02/25/2019
Four months into the job, the governor believes he has already done much to restore “trust and confidence.”
02/22/2019
Your taxes OECD proposals for a digitized economy
Taxation based on marketing intangibles may reflect, for example, trademarks, trade names, customer lists, customer relationships, proprietary marketing and customer data.
02/22/2019
Bahamas Signs $12 Million Bilateral Agreement With China for Economic and Technical Cooperation
Chinese Ambassador to The Bahamas, His Excellency Huang Qinguo said that today was a ‘good’ day for the two countries.
02/22/2019
Transatlantic tensions over dirty money
The US and EU governments are unhappy with Brussels’ money laundering blacklist
02/22/2019
Butterfield to sharpen cost-cutting focus
In the fourth quarter, Butterfield reported $1.2 million in redundancy costs and a $14.6 million increase in salaries and other employee benefits due to new teams to service its expanded trust business.
02/22/2019
Virgin Islands launch new BEPS measure
The VI’s most recent measure came in the form of amendments to the Mutual Legal Assistance (Tax Matters) Act
02/21/2019
Abraaj’s largest creditor, Kuwait’s Public Institution for Social Security, has filed a petition in the Grand Court for the company’s Cayman entities – Abraaj Holdings and Abraaj Investment Management Ltd. – to be wound up an
02/21/2019
The foreign affairs select committee said today that "those who seek to undermine our security and that of our allies must not be able to use the overseas territories to launder their funds."
02/20/2019
The European Commission said in a statement issued February 13, 2019, that it has adopted a new list of 23 jurisdictions with ‘weak anti-money laundering and terrorist financing regimes’.
02/20/2019
Previous rules, based on common law, placed restrictions on how a will dealing with any asset other than land or buildings would be recognised in the Cayman Islands.
02/20/2019
With the on-going Brexit negotiations causing significant uncertainty across the continent, Cyprus offers a secure and cost-effective European jurisdiction for fund management companies
02/19/2019
The Bahamas will be top of mind for you,” McCartney remarked to an audience that featured a range of service provider and fund management professionals.
02/19/2019
They allowed us to join the task force because we are asking data from Immigration and DOLE on the list of these foreign nationals,” Guballa said.
02/19/2019
Fels pointed out that some of PenSam’s members worked its social and heath assistants in a tax-financed welfare sector.
02/18/2019
In the wake of the scandal, it became harder to launder money through investment in Panamanian real estate for Venezuelans who grew rich on the back of their political connections
02/17/2019
The team on this transaction was led by partner, Portia Nicholson
02/17/2019
European Union stresses objective of listing process is not to ‘name and shame’ countries