December 10, 2018

Cayman Finance statement on the ‘Cayman Islands Economic Substance Bill’

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6 December 2018 The Cayman Islands Government today released the draft International Tax-Co-operation (Economic Substance) Bill, 2018 “a law to provide for an economic substance test to be satisfied by certain entities; and for incidental and connected purposes” (the “Bill”). The draft Bill is scheduled for debate in the Legislative Assembly later this month, and […]

Cayman Islands publishes Bills to further strengthen standards

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In response to global developments in financial services, the Cayman Islands Government today published three bills that further strengthen our compliance with international standards. The bills are The Companies (Amendment) (No. 2) Bill, 2018; The Local Companies (Control) (Amendment) Bill, 2018; and The International Tax Co-Operation (Economic Substance) Bill, 2018. They were produced following the […]

Bermuda: Economic Substance Bill tabled in the House

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From Bernews Minister of Finance Curtis Dickinson tabled the Economic Substance Bill in the House on Friday, with the Ministry saying the intention is that the legislation — which seeks to “enhance provisions relating to economic substance for registered entities” — will be in force by 31 December 2018. Background Last year the Council of the […]

Cayman Islands Premier welcomes JMC participants

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LONDON – The two-day Joint Ministerial Council Meeting (JMC) between British Overseas Territories and Her Majesty’s Government began Tuesday at Lancaster House with welcome remarks from the Cayman Islands Premier Hon. Alden McLaughlin as President of the United Kingdom Overseas Territories Association (UKOTA). Lord Ahmad of Wimbledon, UK Minister for the British Overseas Territories also […]

Trump says Brexit deal could mean U.K. can’t trade with U.S.

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From Newsmax President Donald Trump said U.K. Prime Minister Theresa May’s Brexit agreement could jeopardize the country’s ability to trade with the U.S. “Right now as the deal stands she may not — they may not be able to trade with the U.S. and I don’t think they want that at all, that would be […]

A regional Cultural and Creative Industries Workshop held in Barbados

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Bridgetown, BARBADOS, November 22, 2018. The Caribbean Export Development Agency in collaboration with the European Union, GIZ and BCSI commenced a two-day workshop for practitioners in the creative and cultural industries of CARIFORUM. The Agency hosted forty (40) representatives from across CARIFORUM to support the building of capacity in the areas of music, fashion and […]

UK’s May faces more criticism for post-Brexit ties text

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BY GREGORY KATZ AND LORNE COOK AP From The Sacramento Bee LONDON British Prime Minister Theresa May faced wide-ranging criticism from skeptical lawmakers Thursday as she sought to portray a draft agreement on a post-Brexit relationship with the European Union as a “good deal for our country.” Addressing the House of Commons after the publication […]

The Natural Disaster Risk Management Programme in the CARIFORUM launches a new website

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The platform seeks to provide support for disaster prevention and climate change adaptation in the Caribbean region It is part of the joint efforts of the African, Caribbean and Pacific Group of States (ACP) and the European Union to reduce vulnerability in the region Madrid, November 14th 2018.  The NDRM Programme, which was created to help […]

Regional designers ‘wow’ at the International Fashion Festival – Barbados Fashion Week

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Bridgetown, BARBADOS, November 6, 2018. The eye catching designs showcased at the recently held International Fashion Festival – Barbados Fashion Week could easily have been snatched from the runway and worn to the beach or to an upscale all-inclusive event! The impressive fashion displayed by the designers was possible thanks in part to the Caribbean […]

TCI among overseas territories to benefit from €40m fund

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By Olivia From Turks & Caicos Weekly News THE TURKS and Caicos Islands and 11 other overseas countries and territories (OCTs) will benefit from €40 million earmarked for sustainable energy and marine biodiversity projects. The news came when leaders of several OCTs met at a resilience summit held in St Maarten on October 25. The […]