What the US elections mean for taxes

Now that the US election is over, the focus in Washington has moved to the US’s budget deficit and its “fiscal cliff”. At press time, it’s uncertain whether the US will jump off of the cliff, or find a solution which involves restructuring taxes and spending.   

 

US monetary policy: QE3

Read the article in the Cayman Financial Review Magazine When Lehman Brothers collapsed on 15 September, 2008, the US interbank market through which banks with...

What Britain expects of Mr Carney

It is fortunate that Mark Carney, who moves from the governorship of the Bank of Canada to that of the Bank of England in July 2013, is no stranger to political minefields.   

 

The US election scene: Impact on offshore centres

At Cayman Finance, we’ve been watching the United States presidential election carefully, and observe the disappointing, though somewhat predictable, distortion of the facts by some US politicians and media, regarding the financial services industry in Cayman.   

 

Regulatory push continues

There seems to be no let up from the tidal wave of international legislation in the pipeline this year from both sides of the Atlantic, targeting the financial services industry. Senators Carl Levin and Kent Conrad’s newly passed Highways Tax Bill and the Foreign Account Tax Compliance Act (FATCA) are the ...

 

Cayman’s captives continue impressive growth

Cayman Finance Read our article in the Cayman Financial Review Magazine, eversion Since 2000 the number of captives in the Cayman Islands grew by over 43...

New OECD review praises Cayman, but misconceptions continue

In a further affirmation of the Cayman Islands’ compliance with international standards of transparency and tax information exchange, a new report points to the jurisdiction’s continuing improvements. 

Cayman Finance: The way forward

  The appointment of Richard Coles in April as the chairman of Cayman Finance marked not only a new chapter in the organisation but also a renewed commitment to developing a closer working relationship with the Cayman Islands government.

Ill-founded criticism and the future of the offshore centre

The criticism to which the offshore centre is routinely subjected has now reached a crescendo in the wake of the regulatory response to the financial crisis and the hunt by domestic Treasuries for tax revenues to meet the burgeoning deficits of many G20 countries.

Trim the sails, hold a steady course

The word of the day is regulation. How could it not be? The formidable PR machines of the EU and US governments tell us so. Basel III, we are told by a triumvirate of US regulators, provides a “more stable banking system less prone to excessive risk”.

The OECD and the increasingly

In light of the readily verifiable standard setting advances made by the Cayman Islands with respect to all crimes anti-money laundering and tax transparency, a recent outburst from Senator Dorgan on the floor of the Senate erroneously describing the Cayman Islands as a...

What does Cayman Finance actually do?

The boom years in Cayman perhaps made it too easy to ignore rumblings from uninformed pro-high tax journalists and politicians. The flow of business during those times turned to a flood as Cayman took a dominant position as a domicile for offshore funds, debt structures, corporate structures and trusts.

Cayman Finance Update

Having achieved White List status in August 2009 after signing its 12th Tax Information Exchange Agreement with New Zealand, the Cayman Islands has since signed its 14th bilateral TIEA in October, this one with the Netherlands, in an attempt to stay ahead of the OECD’s shifting goalposts.