Cayman Islands: Collas Crill to address NAFER International Conference
Collas Crill is continuing its support of the National Association of Federal Equity Receivers (NAFER) by speaking at its 2018 International Conference. The event, which takes place at the Westin Hotel in Grand Cayman on 12-13 April 2018, will see…
9th Commonwealth Youth Parliament inspires future young leaders from across the Commonwealth
University students Adrian Stewart and Chauntae Martinez represented the Cayman Islands. The five days of the Commonwealth Youth Parliament provided a key development opportunity for young people from the Commonwealth with ambitions of public office and introduced these potential young…
Paradise Papers firm [Appleby] criticised by court after hiding money from a daughter
By David Pegg From The Guardian UK Court orders Appleby Mauritius to pay €53m after helping actor Edoarda Crociani try to keep money from estranged daughter An offshore firm connected to the Paradise Papers has been ordered to pay almost…
PARADISE PAPERS Millions of Canadians have pension money offshore — without knowing it
By Zach Dubinsky, Valérie Ouellet From CBC News Country’s biggest pension funds route investments through Cayman Islands, Bermuda, Jersey and more Palm-fringed islands, balmy weather, luxury yachts moored in azure waters — offshore tax havens conjure up a wonderland for the…
US: GOP tax bills could shield multinationals’ future overseas profits
By Carolyn Lochhead From San Francisco Chronicle WASHINGTON — Silicon Valley multinationals such as Apple and Google that are already sheltering hundreds of billions of dollars in overseas tax havens may pay little or no U.S. tax on future overseas…
Why tax havens persist, and where a rethink could take hold
By Laurent Belsie From Christian Science Monitor What could be $200 billion in tax revenue instead sits in offshore centers, parked there by individuals and corporations, often legally. Some reformers would like to remedy that. One lever: new attention on…
How Apple uses the Channel Island of Jersey in tax strategy
By Aaron Pressman From Fortune When Apple’s efforts to reduce its taxes around the world came under fire in Congress a few years ago, CEO Tim Cook fired back. “We do not depend on tax gimmicks,” Cook said. “We do…
Yorkshire Water to close Cayman Island subsidiaries
By Gill Plimmer From Financial Times UK Jersey registration of holding company under review as group concedes public concern One of Britain’s biggest water companies is reviewing its use of offshore holding companies after conceding that the industry faces a…
HMRC shuts down ‘Liberty’ tax avoidance scheme
By Jason Gorringe, From Tax-news.com, London HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands. HMRC says it expects…
Cricket: Vanuatu stun Italy to gain promotion with Jersey to Division Four
From ESPNcricinfo One day after an epic 57-ball hundred put his side into the semi-finals, Patrick Matautaava’s spectacular all-round show floored Italy in a six-wicket win for Vanuatu to secure promotion to WCL Division Four. Italy came into the match…