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.   


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.

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...

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...

Efficient capital flows

Economists, of which I confess to be one, always create models based on a number of assumptions to explain behaviours of the markets. So far so good right? But the problem is more often than not these assumptions are beyond the realm of the possible, and due to a failure to create better models, we end up accepting the only available models and forget the assumptions on which it was built.


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 biggest friction in the modern economy

A key component of modern economic theory is production theory. Production theory is the study of the economic process of converting inputs into outputs. Production uses resources to create goods or services that are then sold in the market, explained by the supply and demand theory.


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.


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.


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.