Digital currencies and Hayek’s denationalization of money

Private currencies have always played an important role in the history of money. In the United States, for example, it was estimated that 8,000...

IFCs in the international financial architecture

The world of offshore has long been under attack and with each new wave of regulatory changes the end of small international financial centers is being decried. But so far IFCs have proven extraordinarily resilient.  

 

Crackdown on multinationals down under

Against a background of persistent budget deficits and an ever-growing Australian national debt, multinationals have become a convenient target of the Australian Treasury and...

FINANCIAL IMPERIALISM: International challenges to the offshore financial services industry

We are in probably the most turbulent times the offshore financial industry has ever seen. Almost daily, new events come to light and new initiatives are unveiled. The pen is no sooner dry, than the commentary is out of date, so I apologise if that is the case here. I hope not, as I have tried to look over the horizon. 

Fiscal lessons: Ten years without the Swedish inheritance tax

Sweden might not have much to teach other countries about tax policy. The tax-to-GDP-ratio of 42.8 percent (2013) exceeds the OECD average by nearly...

CCCTB and the European Union’s three-pronged tax grab

The European Union is working on its latest attempts to squeeze more money out of multinational businesses for its bankrupt governments. The Common Consolidated Corporate...

Good news about redistribution?

Economists, investors and business leaders devote considerable effort to peeling back the layers of causality that impede economic growth. Among the causes are high...
Cayman Financial Review Logo

The unravelling of the General Motors restructuring: Claims beyond the limits of bankruptcy

Bankruptcy law offers distressed businesses tremendous power to force a reduction or restructuring of debts both large and small, but it has distinct limits,...

Asian growth: building on Cayman’s success

The September 2010 edition of The Global Financial Centres Index (GFCI), which provides profiles, ratings and rankings for 75 financial centres, highlighted a familiar trend noting that Asian centres continue to exhibit good growth with Shanghai entering the top 10 and Seoul gaining four places and moving into the top 25 for the first time.

Unpatriotic?

Politicians in the U.S. have brought their campaigns to a new low by calling each other unpatriotic for using the Cayman Islands. Few of them remain fully insulated from the “Cayman benefits” - even those insulting other candidates without doing their homework.

 

Can U.S. regulators do fintech?

In a recent speech, Commissioner Hester Peirce from the U.S. Securities and Exchange Commission (SEC) admonished financial regulators against behaving like “helicopter parents,” treating...

Is the global fiscal crisis over?

The growth in relative government spending in almost all countries is largely caused by growth in government pension and medical care programs and other...

Caribbean IFCs: Where to now?

Over the past two decades, various international cross-border and regulatory initiatives have been the catalyst for significant changes to the regulatory framework of international...

Is Cayman committing economic suicide?

 The proposed tax, since dropped, would have been a 10 per cent payroll tax on expatriates making more than $36,000 per year. Cayman had never had a direct income tax, and officials have always previously insisted that Cayman would never have one.  

Membership of OECD forums

Over the years, the OECD, a 34 member intergovernmental network that includes the U.S., the U.K., Europe, Australia, Canada, Japan, South Korea,  has designed...

Grey matters

Hedge Funds   Hedge Fund Activism, Poison Pills, and the Jurisprudence of Threat William W. Bratton U of Penn, Inst for Law & Econ Research Paper No. 16-20,...

Europe’s reform fatigue

This year, the European Union marked the eighth anniversary of the ongoing fiscal and financial crises that exposed deep structural vulnerabilities within the EU...
Clothes pegs holding up three scraps of paper with GOOD, BETTER, and BEST written on them.

And the solution is: adopt global best practices

What is the optimum size of government as a percentage of GDP? And what is the optimum number of elected representatives per million people?...

World Stock Exchanges

African Stock ExchangesGhanaStock Exchange, Ghana Johannesburg Stock Exchange, South AfricaThe South African Futures Exchange(SAFEX), South AfricaAsian Stock ExchangesSydney Futures Exchange, AustraliaAustralian Stock Exchanges, AustraliaShenzhen...

Fighting International Corruption – Canadian Law Initiatives

Canada has long had laws prohibiting public corruption within its borders and more recently has enacted legislation respecting corruption of foreign officials. This paper outlines and discusses Canadian approaches to international public corruption by considering Canadian adherence to international conventions, Canadian law per se and ...