iLocal News Archives

Day: June 28, 2015

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Did you know there is legislation called the “CAYMAN TAX”?

EDITOR: I didn’t until I received the following article published on the Tiberghien website: The Belgian “Cayman-tax” will allow for a “substance exclusion” under strict conditions By Gerd D. Goyvaerts From Tiberghien The Belgian parliament is currently debating new legislation…

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Cayman Islands Young Image Makers 2015 Winners announced!

From CNCF Our Young Image Makers Short Film Competition of 2015 came to a close at the glitzy red carpet premiere at the Harquail Theatre on Friday 19 June as part of the CayFilm festival. The finalists arrived in a…

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Cayman Islands: It’s time to prepare for the common reporting standards

From DMS Another round of International Tax Compliance Required under the OECD’s Common Reporting Standard. The Cayman Islands Department of International Tax Compliance (DITC) has notified Cayman financial institutions of its intention to move forward with implementing the OECD’s Common…

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Time for Caribbean countries to ditch fixed exchange rate to dollar

By Sir Ronald Sanders From AMG By continuing to tie their currencies to the US dollar, Caribbean countries are linking their fortunes to the policies of the US – policies that are made in the interest of the US alone….

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Cayman Islands name nine teams for Island Games

The Cayman Islands Games Association and the Cayman Islands Olympic Committee last week announced the nine team members who will be taking part in the NatWest Island Games XVI in Jersey to be held from June 27th to July 3rd….

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Cayman Islands: Joelle McCrae is CITA Allied Manager of the Year

Joelle McCrae, Human Resources Manager at Cayman Turtle Farm: Island Wildlife Encounter, has been named Allied Manager of the Year in the 2015 Cayman Islands Tourism Association (CITA) Stingray Awards. The 2015 Stingray Tourism Awards were held at the Ritz-Carlton,…

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NASA’s iconic images are now easier to find

By Steve Dent From engadget NASA has just launched a mega photo library that masses more than 70 different collections together, with 138,000-plus images in total. Created by an archiving company called Luna Imaging, it includes plenty of famous photos…

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Recipe of the week

Karen Solomon’s Ploughman’s Pickle RECIPES FROM THE KITCHN Karen Solomon’s Ploughman’s Pickles This time of year there’s a quiet bounce that’s heard throughout gardens and groceries — it’s the soft thunder of zucchini rolling off vines by the dozen. Zucchini…

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Offshore tax zones cost developing countries $100 bln a year – U.N.

From Reuters GENEVA Developing countries are losing around $100 billion a year in revenues because foreign investors are channelling profits through offshore zones to avoid tax, a study by U.N. think-tank UNCTAD said on Wednesday. “Tax avoidance practices therefore are…

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AS I SEE THINGS: Tourism and Caribbean economies

By Brian Francis, From Barbados Nation News In recent times, there has been quite a buzz in the region about the excellent performances of our various tourism industries and the sorts of economic and financial benefits being derived. To some…