July 16, 2018

THE VIEW FROM EUROPE: The disturbing consequences of the G7 Summit

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By David Jessop From Barbados Advocate It is the images that remain. First it was a photo of the political leadership of the West trying to face down an intransigent Donald Trump, and then two days later the extraordinary sight of a smiling US President standing beside an equally pleased Kim Jong Un; making it […]

Cayman Islands Ombudsman releases DP Fact Sheet & GDPR

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From The Office of the Ombudsman The Ombudsman publishes “Data Protection Fact Sheet – Ten steps to take now”, and provides information on the EU’s General Data Protection Regulation (GDPR) The Cayman Islands’ Data Protection Law (DPL) will come into effect in January 2019. The DPL is compatible with data protection rules in the European […]

The Bahamas and St. Kitts-Nevis removed from EU Tax List

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From Jamaica Gleaner BRUSSELS, May 25, CMC – The Council of the European Union (EU) on Friday announced the removal of The Bahamas and St. Kitts Nevis from the EU’s list of non-cooperative tax jurisdictions. “Having fewer jurisdictions on the list is a measure of the success of the listing process”, said Vladislav Goranov, Minister for […]

Caribbean hoteliers advised to become GDPR compliant

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MIAMI (May 25, 2018) – Caribbean hoteliers are being advised to ensure European Union (EU) General Data Protection Regulation (GDPR) compliance. During a recent webinar hosted by the Caribbean Hotel and Tourism Association (CHTA), Brian Kent, Chief Executive Officer and Co-Founder of Flip.to, explained that the GDPR imposes a strict set of requirements on how […]

Cayman Islands Ministry continues industry discussions on EU assessment

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Noting that developments remain fluid, the Ministry of Financial Services gave local industry associations another update on Cayman’s commitments in relation to the EU’s assessment of jurisdictions’ tax regimes. The 26 April meeting at the Government Administration Building was attended by representatives from all of Cayman’s financial services industry associations. In her comments, Financial Services […]

Caribbean hotels need to be GDPR compliant to avoid EU fines

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(PRESS RELEASE VIA SNO) – This month the EU is undergoing one of the largest changes to data protection laws in the past 20 years. The General Data Protection Regulation (GDPR) will come into effect on the 25th May 2018, and Caribbean hotels must be ready to meet these regulations to ensure they avoid potentially […]

Iran nuclear deal: Trump pulls US out

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From BBC US President Donald Trump says he will withdraw the US from an Obama-era nuclear agreement with Iran. Calling it “decaying and rotten”, he said the deal was “an embarrassment” to him “as a citizen”. Going against advice from European allies, he said he would reimpose economic sanctions that were waived when the deal […]

Cayman and Bermuda haven’t a legal leg to stand on

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By Richard Murphy From Tax Research UK This is interesting. The Guardian has reported that The Cayman Islands government said it was considering legal action in an attempt to stop the UK making the overseas territory open up its company ownership registers to public scrutiny, a day after MPs agreed they should do so by […]

UK: Amber Rudd finds herself in a hostile environment – UPDATE: Rudd resigns

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UPDATE: From BBC Amber Rudd resigns as home secretary The home secretary Amber Rudd has resigned, saying she “inadvertently misled” MPs over targets for removing illegal immigrants. Ms Rudd, who was due to make a Commons statement on Monday, was under pressure to quit over the Windrush scandal. She faced criticism over the existence of […]

Cayman Islands Ministry updates Financial Services Industry on EU Commitments

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The Ministry of Financial Services met with members of Cayman’s financial services industry associations to discuss several commitments made to the European Union Code of Conduct Group for Business Taxation (EU COCG) as part of their evaluation of jurisdictions for tax purposes. As part of last year’s EU COCG screening process, the Cayman Islands was […]