August 3, 2021

EU recognises Cayman Islands as a Cooperative Jurisdiction

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The Cayman Islands is not on the EU’s list of non-cooperative jurisdictions for tax purposes. The list is the outcome of the EU’s screening process to identify countries that it considers to be non-cooperative in working with EU Member States to combat tax fraud, evasion and avoidance, which erodes the tax bases of EU Member […]

Cayman Finance responds to sensational reports exploiting illegal data hack

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Jude Scott, CEO of Cayman Finance, issued the following statement in response to reports of an illegal data theft involving the financial information of tens of thousands of people and businesses: “Like other international financial centres, the Cayman Islands has had to get used to unfair and inaccurate reporting about our role in the global […]

Cayman Islands Minister: ‘Critical errors’ in Oxfam Report

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Minister of Financial Services Wayne Panton encouraged the public to notice the critical errors made by Oxfam in developing a list of ‘tax havens’ for their ‘Tax Battles: The Dangerous Global Race to the Bottom on Corporate Tax’ report. ‘Once you’ve read the report – and particularly the methodology – Government believes that the public […]

The movement of business firms towards tax havens

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By David Dadson From Examiner.com One of the profit earning strategies of business firm is incorporating their companies in offshores. These countries are usually called as offshore financial centers (OFC) which offers service to offshore companies. Their business friendly traits help multinationals to establish their firms in these countries. There is no red tape in […]

OECD initiative on Base Erosion and Profit Shifting (BEPS)

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At Cayman Finance’s International Tax Initiatives seminar Jan. 23rd 2014 the Organisation for Economic Cooperation and Development (OECD) 15-point action plan is based on the assumption that corporate tax bases of governments are at risk. The risk is real because according to speakers tax rules have not kept pace with changes in global business and […]