Citigroup sees ‘Death Bells’ for Commodities Supercycle in 2013
By Nicholas Larkin, Bloomberg The commodities supercycle is probably ending this year as China’s economic growth slows and the nation focuses less on infrastructure and urbanization, Citigroup Inc. said. This year will probably signal “death bells” for the supercycle, or…
HSA’s forensic laboratory receives international accreditation
HSA’s forensic laboratory receives international accreditation The Cayman Islands Health Services Authority (HSA) is pleased to announce their forensic laboratory has recently received international accreditation for its toxicology testing, making Cayman the first English-speaking island in the Caribbean to receive…
Dublin cut tax burden on multinationals after US lobbying
By Jamie Smyth in Dublin and James Fontanella-Khan in Brussels Financial Times Dublin amended its tax code following lobbying by US industry, reducing the tax burden on multinationals that funnel royalty payments to offshore tax havens, the FT has learnt….
7 Fathoms under the Sea:
7 Fathoms under the Sea: Grand Cayman, Cayman Islands By Cacinda Maloney, From pointsandtravel A fathom is 1.8288 meters and is used for measurement, especially measuring the depth of water. So 7 x 1.8288 is 12.9016 meters under the sea…
‘Immoral Google cheated taxpayers out of millions’
By Tom Kelly From iol scitech London – A former Google executive on Sunday accused the company of cheating taxpayers out of hundreds of millions of pounds with an “immoral” tax avoidance scheme. Barney Jones, 34, described how profits on…
New chief executive to join Hawksford in 2014
From businesslife.co Maxine Rawlins, a partner at Ernst & Young, will take on the role of chief executive of Hawksford, in 2014 when the incumbent chief executive, Peter Murley, retires. A partner at Ernst & Young in Jersey, Mrs Rawlins…
Oxfam says EU tax havens hold $12 trillion in offshore wealth
By Rebecca Christie, Bloomberg Business Tax havens under European Union jurisdiction hold 9.5 trillion euros ($12 trillion) in global offshore wealth that translates into $100 billion in lost government revenue each year, according to a study released today by Oxfam…
Global banks need to be watched as integrated, single entity
By Shrikanth Rao, The Hindu Business Line Frauds are not new to the banking industry and they have been perpetrated since organised banking has been in vogue. But cases such as Bank of Credit and Commerce International (BCCI) which went…
Gateway Systems new partnership with [Cayman’s] MCS
From Bernews, Bermuda Gateway Systems has announced a partnership with MCS, a Microsoft solution partner based in the Cayman Islands. Supported directly by Microsoft, MCS developed a regional program which enables Microsoft partners to collaborate on client projects and provide…
Making peace with Vodafone
Gaurav Choudhury, Hindustan Times In Budget 2012-13, the government had introduced a retrospective provision in the finance bill that would empower the government to scrutinise corporate transactions from 1962 — 50 years ago. The government is now said to open…
