FATCA for private funds: key considerations
By Matthew P. Larvick Vedder Price PC From ACC Although the Foreign Account Tax Compliance Act (FATCA) went “live” July 1, 2014, guidance continues to fall into place. On July 16, the IRS issued instructions for the requester of various…
How the world’s super-rich like to travel
From Daily Mail UK Russian billionaires love Croatia, while the Chinese gamble in Las Vegas and both splash out on private yachts they barely use Middle Eastern billionaires prefer to spend their summers in the Mediterranean, while Russians head to…
Hedge fund auditor Marcum sued for $25 m by Cayman liquidators
From OffshoreAlert August 01, 2014 – The Cayman Islands-based liquidators of a hedge fund group controlled by Long Island-based Corey Ribotsky that collapsed due to fraud are seeking damages of $25 million in a lawsuit against the funds’ auditor, Marcum…
Chinese Capital Markets: A $98 Trillion Opportunity
By: Ashley Kindergan From The Financialist When it comes to the size of their capital markets, emerging countries have long punched below their economic weight. While they make up 39 percent of global GDP, their share of global equity market…
Obama cracking down on tax cheats
By Jonah Bennett From Daily Caller Arriving 18 months late on the scene, the Foreign Account Tax Compliance Act (FATCA) came into effect this week in an effort to crack down on tax dodgers funneling money outside the country, the…
Haiti migrants risk sea journey for better prospects
By Nick Davis BBC News, Port-de-Paix, Haiti The boats carrying illegal migrants are almost always overloaded and rarely seaworthy Every year thousands of Haitians risk their lives trying to make the perilous sea voyage from their country to one of…
iNews Briefs
Sudanese women sentenced to death for marrying Christian man By Celestine Hendrickson International News From CMV A Sudanese woman who was born to a Muslim father was sentenced to death by hanging for marrying a Christian man. The 27-year-old pregnant…
The Editor Speaks: Jobs for Caymanians first and foremost
Cayman’s Minister of Education, Hon. Tara Rivers, said in the Legislative Assembly in Cayman Brac last Thursday (10), the “Government is working to prepare and protect Caymanians so they can partake in the economic opportunities that exist today” in the…
Company tied to Reid’s son wants land in Bundy standoff
By Greg Richter From Newsmax The Nevada rancher who forced the federal Bureau of Land Management to back down last week may have been targeted because a Chinese solar company with ties to Sen. Harry Reid’s son wants the land…
