Cayman Islands accountholders must disclose financial affairs “within 30 days”, says HMRC
From Out-Law.com UK taxpayers with undisclosed income and capital gains in the Cayman Islands must provide HM Revenue and Customs (HMRC) with this information “within 30 days” or face “detailed investigation”, according to letters sent to accountholders by the UK…
Farming sea turtles is no solution
By Rachel Alcock From Ecologist Green sea turtles are endangered worldwide. So does the Cayman Islands’ sea turtle farm, which raises the sea reptiles as a luxury food, assist their conservation? Quite the reverse, argues Rachel Alcock. Cramped, unsuitable conditions…
HMRC looks to extend its reach to Cayman Islands
By Fiona Nicolson From FT Adviser HM Revenue & Customs has sent out another batch of ‘enabling’ letters to Cayman Island bank accounts holders in the UK to warn them about tax evasion. Sean Wakeman, tax investigations partner for tax,…
Cameron’s plea to Putin: help me stop Salmond
Exclusive By David Leask And Paul Hutcheon From The Herald Scotland David Cameron’s Government wants the backing of Russian President Vladimir Putin in the battle against Scottish independence, the former USSR’s leading news agency has reported. Official Russian news agency…
Canned cocaine tampered with, says Trinidad company
By Rhondor Dowlat By Caribbean News Now contributor PORT OF SPAIN, Trinidad — According to SM Jaleel & Co Ltd, which describes itself as Trinidad and Tobago’s number one exporter of non-petrochemical products, a 20-foot container of cans labeled as…
Cooperation with regulators improves reputation
By Colin MacKay The 2007/8 global financial crisis continues to influence the environment within which the Cayman investment funds industry operates. Global economic patterns, largely driven by factors emerging from that crisis, continue to shape cross-border political and regulatory developments….
Should company benefactors be public knowledge?
By Richard Addlestone, Solomon Harris In response to the push towards greater global transparency on beneficial ownership, the UK has proposed a public register of ownership interests in companies, which could be searched by anyone, anywhere in the world. It…
HMRC issues letters to Cayman Islands evaders
By Calum Fuller From Accountancy Age HM REVENUE & CUSTOMS has issued letters to individuals it believes hold bank accounts in the Cayman Islands, in order to encourage them to come forward and disclose any previously undeclared income and capital…
UK Environment committee says Cayman has serious environmental risks
The following is taken from a report just published entitled “Sustainability in the UK Overseas Territories – Environmental Audit Committee” under the subtitle “Re Cayman Islands” Annex 1 Visit to Cayman Islands On 17 April 2013, the Committee resolved to…
The Editor Speaks: Forget the Florida Lottery – the UK Lottery might be easier
How many Cayman residents play the Florida Lottery? No one knows the actual figures, as it is illegal for Cayman’s residents to return here with lottery tickets. It’s a form of gambling and gambling is a crime here. So no…
