September 22, 2019

Economic Prediction For TCI Period June To 31st March 2013

None of the British Overseas Territories in the Caribbean (Anguilla, Bermuda, British Virgin Islands, Cayman Islands or Montserrat) have Value Added Tax (VAT), so why is Turks and Caicos Islands (TCI) being unilaterally singled out for VAT? Cayman Islands (much wealthier/populous) resoundingly rejected VAT in the Miller/Shaw Report. As Minister Bellingham stated in his London […]

“Obama: take a look at Delaware,” says Cayman Islands

Nothing about 1209 North Orange Street hints at the secrets inside. It’s a humdrum office building, a low-slung affair with a faded awning and a view of a parking garage. Hardly worth a second glance. If a first one. But behind its doors is one of the most remarkable corporate collections in the world: 1209 […]

Cayman Islands flag flies at Eland House

Communities Secretary Eric Pickles raised the flag of the Cayman Islands today outside the Department for Communities and Local Government in Whitehall, London, to mark the national day of the Islands, the first Monday of July, and as part of the new flag flying programme by the Department in this Jubilee year. On 28 June, […]

Supreme Court Keeps Health Care Law on Life Support

A Commentary By Scott Rasmussen The U.S. Supreme Court’s decision that President Obama’s health care law is constitutional keeps it alive for now. But it’s important to remember that the law has already lost in the court of public opinion. The Supreme Court ruling is a temporary reprieve more than anything else. In March, I […]

Biden rips Romney on outsourcing, Swiss bank account and Cayman Islands investments

Resuming the mantle of attack dog, Vice President Joe Biden on Tuesday laced into Mitt Romney for allegedly outsourcing jobs while at Bain Capital and reviving the charge that Romney is out of touch because he once held a Swiss bank account and investments in the Cayman Islands. Biden’s denunciation was part of a larger […]

US Supreme Court upholds healthcare

The US Supreme Court has said President Barack Obama’s landmark healthcare reform act is constitutional. The court upheld a core requirement known as the “individual mandate” that Americans buy insurance or pay a fine. Of the nine justices on the bench, Chief Justice John Roberts’ vote was decisive in the Supreme Court’s 5-4 ruling in […]

Legislating Common Sense: Canada’s Lesson on Managing Growth

By Donovon Kellyman Just this week, Prime Minister Stephen Harper, Finance Minister Jim Flaherty, and Bank of Canada Governor Mark Carney announced plans that make it harder for Canadians to own a home. The average Canadian might not like the government’s plans, but they’re based on strong economic sense. Canadians will have to meet higher standards in order to qualify […]

CTEX Datacenter construction in full gear

CTEX’s ‘CU-1’ the first of 4 high-end Tier-IV designed datacenters is coming out of the ground at record speed. Local and international companies are in a race to build the most advanced datacenter in the Caribbean and Latin America in record time. The project team consists of Dus Ron N.V. as the principal general contractor […]

Banco de la Nación Argentina New York selects Lombard Risk

Lombard Risk announces Banco de la Nación Argentina New York (BNA NY), a branch of Banco de la Nación Argentina (BNA), Argentina’s leading financial institution, as its latest REG-Reporter regulatory compliance client BNA is the largest commercial bank in Argentina’s banking sector. It has 624 branches throughout the national territory and a global presence in […]

European Commission: new report “on concrete ways to reinforce the fight against tax fraud and tax evasion including in relation to third countries”

This story appeared in Tax Justice Network “Why tax havens cause poverty” A new report from the European Commission has just been published. It contains many things of interest, such as this clear statement of some of the harm that tax havens can cause: “Tax havens, also sometimes referred to as ‘non-cooperative jurisdictions’ are commonly […]