The Editor speaks: Draft Labour Bill to digest and provide feedback
Last Wednesday (24) the Minister for Labour, Tara Rivers, presented the Labour Relations Bill 2015. This follows hot on the heels of the Public Consultation on the Education Bill (2015) that Rivers also presented. She has been a very busy…
Caribbean prepare for the worst in hurricane season
From Curacao Chronicle Climate change is now causing more droughts, or destructive rains worse than any hurricane with catastrophic human and economic losses. TTC Service.-The forecasts for the hurricane season in the Atlantic Ocean 2015 are benign, but the Caribbean…
UK Prison Inspectorate release latest report on Cayman Islands Prison Service
Her Majesty’s Inspectorate has now published (on Thursday 25 June 2015) the report of its scheduled re-inspection of Her Majesty’s Cayman Islands Prison Service which occurred in early 2015. The Inspection Team spent 10 days on island during which time…
Numbered [Cayman Islands] company takes over Bissett mine
By Martin Cash From Winnipeg Free Press The Bissett mine and all the assets of San Gold Corp. are now owned by 7097914 Manitoba Ltd. The numbered company was created to hold the assets on behalf of Beechwood Re, a…
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…
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…
Caribbean banks say EU blacklist could hurt region’s financial institutions
From CARIBBEAN360 CASTRIES, St. Lucia, Friday June 26, 2015 – Regional banks are concerned that the European Commission’s listing of Caribbean countries among the world’s worst tax havens could hurt the region’s financial services sector. The Caribbean Association of Banks…
New EU anti-money laundering directive came into force from 26 June
From Out-Law.com A raft of reforms to EU anti-money laundering rules became EU law later this month after they were finalised and published in the Official Journal of the EU. Countries will have two years to turn the directive into…
The Editor Speaks: TIME. Is it only important to me?
“Time is precious. It is invaluable. It is one of the powerful factors. Our life is measured in terms of time. We grow in time, live in time and perish in time. Time is fleeting. It is changing. It never…
Experts: Terrorists forming U.S. shell companies [but NOT in the Cayman islands]
By James McGinnis From The Intelligencer Thirty-four years after U.S. sanctions were imposed in 1979, the Iranian government’s national bank was able to purchase and rent out property on New York’s Fifth Avenue just off Rockefeller Center. With lax regulations,…
