Sergeeva v Tripleton International Limited – appeals decision with far-reaching consequences

On the Aug. 23, 2016, the Eleventh Circuit of the U.S. Court of Appeals handed down its decision in Sergeeva v Tripleton International Limited....

Simplicity is the ultimate sophistication

Crystal ball gazing is precarious at the best of times, but especially so in the current world economic environment. This does not stop people predicting the timing of the global economic recovery.

Now that it is clear the U.S. will not ‘reciprocate’ on FATCA, will ‘partner’...

As I have warned for several years now, “partner” governments signing legally defective Foreign Account Tax Compliance Act (FATCA) intergovernmental agreements under promises from...

Three lessons in international taxation

It was “one of these days” at the office. I was writing a transfer pricing memo for defending one of my clients against a...

Protectionism, US manufacturing jobs, and global capital flows

Employment in the United States has shifted away from goods production to services. During that shift, the U.S. balance of trade has been negative,...

Cryptofinance 101: Blockchain technology, investment and regulation

Blockchain-based applications and investment products are all the rage these days. Each week, cryptocurrency news grabs headlines and inflames interest. The U.S. Securities and...

CIMA’s role in Cayman’s Financial Services Industry

Here in the Cayman Islands, it is the Cayman Islands Monetary Authority that has been charged with establishing and overseeing the regulatory foundation and framework on which the country’s financial services industry has been constructed.

Fighting impunity: Recent international asset recovery efforts to combat corruption

While useful steps are being made by the international community to produce asset recovery policy papers and knowledge products, this should not overshadow the important advances conducted in prosecutors’ offices, law firms, justice ministries and court houses around the world.
 

Registration figures down

Company, partnership and trust registrations in the Cayman Islands have taken a hit during the financial crisis. In 2010, the Cayman Islands General Registry listed 91,206 companies...

A modest proposal: Helicopter money and pension reform

It is possible to fix the bankrupt Social Security System and the Federal Reserve’s failure to achieve its inflation target painlessly. Yes, really. The Fed...

Cybersecurity: Threat or opportunity?

Recent high-profile data breaches in offshore jurisdictions have highlighted the need for companies to take cyber security seriously. In its first annual report (October 2017),...
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Global economic policy in the era of Trump

Donald Trump has been a never-ending source of controversy since becoming president, but his ascent to the White House has not caused the collapse...

Five facts about the BVI that shouldn’t have come as a surprise

The British Virgin Islands cover a geographical area of 152 square kilometers and are home to around 30,000 people – plus a major international...

Converging economic crime

At age 19 there was no doubt in my mind that I did not want a career in criminal law. I chose the much more objective (and enjoyable) commercial law. So much for that!   

 

Are markets predictable enough for a border-adjusted tax to be revenue neutral?

The first shot of the modern “Showdown at Gucci Gulch” was fired on June 24, 2016. That’s the day Republicans in the U.S. House...

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,...

Breaking the ‘Medici Vicious Circle’ – monopolization trends in advanced economies

Competitive markets form the very foundation on which the edifice of the modern liberal economy rests. The neo-classical proposition, under which competition arbitrages away...

Regulatory excellence – Civil Aviation Authority of the Cayman Islands

The aviation industry has played a significant role in our islands’ development and will always be viewed as a major infrastructural component supporting our financial and tourism industries.

Using data to understand the world economy

The Hidden Wealth of Nations: The Scourge of Tax Havens Gabriel Zucman, (Chicago 2015). The Public Wealth of Nations: How Management of Public Assets Can Boost...

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...