Which U.S. Companies have the most tax havens?
By Niall McCarthy From Forbes Every year, U.S.-based multinational corporations use tax havens to avoid paying an estimated $100 billion in federal income tax. According to a report from the Institute on Taxation and Economic Policy, 366 of the country’s 500…
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Bank officials under lens in ‘2011 Diary’ case
By Devesh K. Pandey From The Hindu Vigilance inquiry report records witness statements Several bank officials have come under the scanner of central agencies in connection with the investigation into a “2011 diary”, which the Income Tax Department seized during…
Vistra to acquire corporate services business from Deutsche Bank
HONG KONG, Sept. 14, 2017 /PRNewswire/ — Vistra, a leading global corporate service provider, announced today that it has entered into a definitive agreement to acquire the Corporate Services business of Deutsche Bank’s Global Transaction Banking division. ‘Corporate Services’ provides management and…
Cayman Islands maintains its strong global tax cooperation rating
The Cayman Islands remains strong in complying with the international standards that govern the exchange of tax information among tax authorities, according to a report published today. The Global Forum on Transparency and Exchange of Information for Tax Purposes, an…
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ILO launches Global Commission on the Future of Work
GENEVA (ILO News) – The International Labour Organization (ILO) has established a high-level Global Commission on the Future of Work . The global body is expected to undertake an in-depth examination of the future of work that can provide the analytical…
Drop In Offshore Company Insolvency Filings
From Bernews The total number of petition filings across offshore jurisdictions fell 10% in 2016 when compared to the previous year, reflecting a continued levelling off since the high-point of 2013, according to a report released by law firm Appleby….
Scientists may have discovered a lost continent
By Jon Fingas From engadget As much as we humans think we know about Earth’s ancient composition, it’s clear we have a lot to learn. Researchers now say they have evidence of a lost continent, Mauritia. The team found rocks…
The Cayman Islands and the Common Reporting Standard
From Conyers Dill & Pearman The Cayman Islands and the Common Reporting Standard Issued by The Organisation for Economic Co-Operation and Development Preface This publication has been prepared to provide an overview of the common reporting standard issued by the…
Board of troubled Fidelity Bank approves Mauritian group takeover bid
By BRIAN NGUGI From Business Daily Africa IN SUMMARY Fidelity has been looking to sell an equity stake to a strategic investor in order to bolster its capital base. Under the deal with SBM, the Mauritian firm will inject Sh1.46 billion…
Cayman Islands: Sustainability 0f Offshore: Using Cayman for investment into Africa
Article by Lisa Akiri, Harneys From Mondaq The use of offshore is an integral part of African financing. Offshore vehicles are used for a variety of structures including bond issuances, listing, loan financing, JVs and PE structures. Investors in and…
