August 12, 2020

The Editor speaks: Ludicrous motion – shame!!

Pin It

Having lived here for 35 years and keenly watched meetings of the Legislative Assembly – my wife Joan being heavily involved in political campaigns in my early years – I have seen some ludicrous motions. However, never one as ludicrous at that brought to the very last sitting of the House by East End MLA […]

European Commissioner recognises Cayman Islands’ tax transparency regime

Pin It

European Commissioner Pierre Moscovici recognised the strength of the Cayman Islands’ tax transparency regime, as well as our participation in the OECD’s base erosion and profit shifting inclusive framework, during a meeting with Financial Services Minister Wayne Panton in Brussels. ‘This recognition demonstrates the effectiveness of the hard work of my Ministry’, Minister Panton said. […]

Minister Panton in London, Brussels

Pin It

Financial Services Minister Wayne Panton is meeting this week with UK and European Union lawmakers in London and Brussels, on subjects including beneficial ownership; the EU screening process; proposed UK legislation; OECD and EU initiatives; Brexit; and to participate on a panel in Brussels on corporate taxation. ‘My Ministry continues to make progress with our […]

Cayman Islands Minister: ‘Critical errors’ in Oxfam Report

Pin It

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 […]

Cayman Islands Financial Services Minister speaks with US officials about bank de-risking

Pin It

With the US presidential election now decided, Financial Services Minister Wayne Panton and representatives from the Ministry of Financial Services and the Cayman Islands Monetary Authority continue to engage key US lawmakers, regulators and stakeholders about bank de-risking from the Caribbean perspective – an issue that the Minister said is important to every Cayman resident. […]

No admission of guilt but Paul Allen reaches agreement with Cayman Islands government on damage to coral

Pin It

“Losing any of our coral affects not only the stability of our environment, but also our economy. The agreement with TDE Maritime therefore reflects a value commensurate with the loss of our public resource and facilitates a permanent mooring solution in Seven Mile Beach Park.“ This was the Minister of Environment Wayne Panton’s response to […]

Intellectual property modernisation in Cayman Islands starts with copyright legislation

Pin It

With significantly updated copyright<http://www.ciipo.ky/wp-content/uploads/laws/ConsolidationCDCP.pdf> legislation commencing on 30 June, which will offer greater legal rights to Cayman’s musicians, visual artists, and others in the creative fields, Government has taken a vital step forward in modernising intellectual property (IP) legislation, and in improving the local commerce framework. In addition to copyrights, Commerce Minister Wayne Panton said […]

Cayman Islands Minister Panton speaks at European Parliament meeting

Pin It

Speaking recently before the European Parliament’s TAXE2 Committee, Minister of Financial Services Wayne Panton outlined how the Cayman Islands financial services industry supports the global economy, and the number of extensive mechanisms through which Cayman collaborates with other countries in international tax matters. Minister Panton addressed the committee on 18 April, following an invitation by […]

Cayman Islands continues to advance key financial services initiative

Pin It

With the benefit of continued local and international engagement with industry, and with international regulatory bodies; as well as specific discussions with the UK, the Cayman Islands continues to enhance its system of sharing beneficial ownership information, in order to more effectively collaborate globally with law enforcement and tax authorities in the fight against serious […]

Cayman Islands legalises gambling on cruise ships and exclude raffles being staged by non-profit organisations

Pin It

Gambling Law Empowers Cruise Ships and Non-Profits The Gambling (Amendment) Law 2015<http://www.gov.ky/portal/pls/portal/docs/1/12274401.PDF>, which came into effect on 1 January 2016, amends The Gambling Law (1996 Revision) to allow for gambling on cruise ships and exclude raffles being staged by non-profit organisations (NPOs). The amendment, which was passed by the Legislative Assembly in October 2015, legalises […]