How best to avoid becoming a Passive Foreign Investment Company (PFIC)
By Vincenzo Villamena From Huffington Post As an expert in international taxes, on many occasions I’ve seen people ignore certain U.S. tax implications when making personal or business decisions. Most U.S. expats know they need to file a U.S. tax…
OECS financial sector stable and resilient but facing challenges, says Monetary Council
By Ken Richards From WINN St Kitts and Nevis (WINN): The chairman of the Monetary Council of the Eastern Caribbean Central Bank, Antiguan Prime Minister Gaston Browne, on Thursday (March 2) gave an account of the discussions held at the…
The 10 things in advertising you need to know today
By Julien Rath From Business Insider Good morning. Here’s everything you need to know in the world of advertising today. 1. Snap lost a key ad exec. Sriram Krishnan announced he is leaving the company to spend more time with…
Warren Buffett
The incredible life and career of Warren Buffett, the billionaire every investor looks to for inspiration By Frank Chaparro From Business Insider Warren Buffett, the “Oracle of Omaha,” is one of the greatest investors of all time.YouTube / University of…
Public policy expert: Trump’s claim that drugs are cheaper than candy bars isn’t ‘entirely untrue’
By Emma Fierberg and Josh Barro From Business Insider Public policy expert Mark Kleiman explains why President Trump’s claim that drugs are cheaper than candy bars isn’t so far off. FULL TRANSCRIPT: Barro: It seems like, as the government has…
iNews Briefs & Community Events
Register for the Cayman Islands DG’s 5K Challenge Registration for the 2017 Deputy Governor’s 5K Challenge is open on the CaymanActive website www.caymanactive.com/dg5k. Led by Deputy Governor Franz Manderson, the event aims to raise $60,000 for the YMCA of…
Cayman Islands: Hassan Syed found guilty on all 12 counts of stealing from UCCI
Former President of the University College of the Cayman Islands, Hassan Syed, has been found Guilty on all counts of stealing $500K from the University. The trial lasted just over five weeks and the jury reached a unanimous verdict. Sentencing is…
Cayman Islands Immigration regulations amended
GRAND CAYMAN, Cayman Islands – Consequent on the ruling of the Grand Court in the Hutchinson-Green case in which issues were raised about the Permanent Residency points system, the Cabinet has approved revised regulations, which address the concerns by allowing…
Money Laundering in Central America
By Q24N From Q Costa Rica Q24N – The housing market, casinos, concert halls, and the livestock sector are all used to launder money in Central American countries. Excerpted from the report “International Narcotics Control Strategy Report, Volume II, Money…
Cayman Islands Airports Authority thanks student volunteers
Grand Cayman, Cayman Islands (7 March 2017) The Cayman Islands Airports Authority (CIAA) recently presented certificates of appreciation to students at the Layman E. Scott Senior High School in Cayman Brac to thank them for volunteering to act as victims…
