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...
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Should I stay or should I go now? Evading the discharge injunction and contempt...

The biggest bankruptcy-related case of the US Supreme Court’s just-completed term presents creditors with clearer guidance in pushing the protective boundaries of a bankruptcy...

Financial Secretary: Engaging the world

The Cayman Islands’ approach to the development of the financial services sector recognises that an appropriate regulatory and international cooperation environment is not an impediment to, but rather a key driver of, commercial success. Unfortunately, the focus of the global economic crisis has resulted in various initiatives driven by larger, more politically powerful countries, including legislative proposals before the US Congress targeting the use of offshore financial centres by US firms...

South Africa’s suicidal quest to expropriate land without compensation

Earlier this year, the South African parliament adopted a motion to investigate a possible amendment of section 25 of the Constitution, which protects property...

On the question of morality in the debate on international taxation

In his article “International Tax Planning, Ethics and our New World” (Bulletin for International Taxation, 2018 (Volume 72), No. 2), Hans van den Hurk...

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...

Onshore responsibility and the ‘invisible hand’

Anti-offshore advocates regularly make the point that jurisdictions such as the Cayman Islands are to blame for the fiscal woes of their respective governments be this in the UK, USA or elsewhere. There continue to be several weaknesses in their arguments but it has also been a more than curious observation that their advocacy efforts focused more abroad than at home.

 

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.

 

Blacklists, unilateral action test the credibility of the OECD

If you read any new tax policy reports produced by the Organisation for Economic Cooperation and Development (OECD), or listen to its public communications,...

Immigration and IFCs

Many of the smaller countries competing in financial services – including Cayman – have struggled over the years to find a balance on immigration policy.  If it gets it right, Cayman will have a significant advantage over other IFCs, who are also struggling to find the right balance in their immigration policies.

 

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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...

The arrival of FATCA

On 15 March, 2013, the Cayman Islands government announced its intention to sign an agreement with the United States authorities to adopt a Model 1 Intergovernmental Agreement (IGA) in response to the US Foreign Account Tax Compliance Act.   

 

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Policy solutions for demographic change, growing government liabilities and slowing economic growth

The summer of 2018 began with disagreement among EU leaders. At the top of the agenda: should EU countries take in more migrants? The debate...

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...
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The EU Commission’s tax policy shift

On March 7, 2018, European Union Tax Commissioner Pierre Moscovici remarked, that the EU Commission – the governing body of the European Union –...

Cayman in the 2000s: Compliance

Long-time banker and former president of the Cayman Islands Bankers Association Eduardo D’Angelo Silva said that historically throughout the world, bankers didn’t feel a need to know their customers before the 90s.   “Bankers felt they weren’t policemen,” he said. “They felt it wasn’t a banker’s role to ask questions.”

Agencies & Associations

Government Agencies / Authorities including: Attorney General Auditor General Cayman Islands Department of Tourism Cayman Islands Immigration Cayman Islands Investment Bureau Cayman Islands Monetary Authority >> See related article: CIMA’s role...
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Are Brexit fears exaggerated?

This year, over 1 million people from across the UK marched to central London to demand a second vote on whether the UK should...

The global citizenship market: Why it matters today

When the first modern citizenship-by-investment programs were developed in the late 1980s and early 1990s, the investment migration industry was largely unformed, unknown, and...

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.
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