Cayman Financial Review Logo

Escaping the international tax cartel through technology

In 1800, average income per capita across the world was around $1,200 (in 2017 dollars). In Europe, it was around $2,000 and in Ottoman...

Friar Tuck Ltd, Quiver Inc and International Tax Authority: A British Virgin Islands’ decision...

For several years now, some of us in the financial services industry have lamented the plethora of legislation which has been foisted on jurisdictions,...

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...

Why Russia will continue to disappoint

Russia has more natural resources than any other country – perhaps as much as 30 percent of the world’s total – and a well-educated...

The Federal Reserve is between a rock and a hard place

As the financial crisis started to become apparent to the policy makers on the Federal Open Market Committee (FOMC) at the Federal Reserve System...

Phantom partnerships expose private equity funds to unlimited pension liabilities of insolvent portfolio companies

Private equity investments are often structured through an onion skin of layers of entities, but a recent set of blockbuster U.S. court rulings suggests...

Harvesting investment returns in Asia

In an article that I wrote for the April 2010 issue of Cayman Financial Review, I set out the reasons why I share Buffett’s view, except that I explained why it applies to the broader Asia ex Japan region that comprises nearly half the world’s population.

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. 

The top 25 Initial Coin Offering jurisdictions and their comparative regulatory responses

Initial Coin Offerings (ICOs) provide unprecedented liquidity and efficiency for capital formation while minimizing transaction cost. While ICOs have historically allowed primarily crypto start-ups,...

Offshore financial centres: An unstoppable force for good

As a result of misconception, during the first tranche of the global financial crisis, world leaders came out on the attack against OFCs, arguing that they are inherently bad and have to be stopped in order to protect dwindling government tax revenue.
 

 

No wrongdoing – the first casualty of the Panama Papers

The Eleventh Commandment, and the First Law of Politics, is: Thou Shalt Not Get Caught. Icelandic Prime Minister Sigmundur David Gunnlaugsson certainly broke this...
ICO

Offshore and the benefits of capital mobility

An age of ever greater affluence The great economic fact of our time is the imminent eradication of extreme poverty. In the thirty years between...

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...

Tax morality and elections for the European Parliament

In the early months of 2019, tax and transfer pricing professionals were captivated by the debate on digital taxation – and rightly so. As...

The Goldilocks economy of state policies

Recently emerging trends in the U.S. equity markets reveal three key shifts in the structure of the U.S. economy: the rise of uncertainty, as...

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...
Calculator, glasses, papers, hand holding pen above paper headed 'Petition to file for Bankruptcy'

Preventing corporate borrowers from filing for bankruptcy: Location, location, location

Given the potential of an insolvency filing to shift power away from creditors and to distressed debtors, debt investors have long sought ways to...
- Advertisement -