‘Shocking abuse of public trust’: Columbia University prof estimates $20tln hidden in tax havens
From RT World billionaires and mega rich companies stash trillions in so-called “treasure islands” special tax zones like the British Virgin Islands and the Cayman Islands, Jeffrey Sachs, head of Columbia University’s Earth Institute told RT at the Gaidar Forum….
The harsh effects of being less well-off
By Sir Ronald Sanders From Caribbean360 Unemployment has risen in several countries affecting families across the board. They either have less collective income or those fortunate enough to be employed have to contribute to the survival of those without job…
Bahamas “one gunshot away” from being dropped by cruise lines
From Caribbean360 A US attorney who represents victims of assault on cruises said Nassau was following a path that has led to the removal of other countries from cruising itineraries. NASSAU, Bahamas, Wednesday January 15, 2014 – Florida-based maritime lawyer…
US FATCA And Cayman Funds: Entity Classification
By Martin Livingston, Jon Fowler, Tim Frawley and Alasdair Robertson From MAPLES Last Updated: 15 January 2014 On 29 November 2013, the Cayman Islands government signed a Model 1B (i.e. non-reciprocal) intergovernmental agreement with the United States (the “US IGA”)….
Bank shares prop up European stock markets
From Digital Journal European stock markets steadied on Monday, with support coming from gains to banking shares after regulators relaxed rules on lenders’ capital buffers. London’s FTSE 100 index of top companies edged up 0.8 percent compared with Friday’s closing…
C&W to cut costs by US$100m
From Nationnews.com Barbados International telecommunications company Cable & Wireless Communications (CWC) is on a mission to reduce its Caribbean operating costs by US$100 million. And the company said its businesses in Barbados and the region were on target to meet…
China buys more GM cars than US; Best States for 2014 job growth
From newsmax Headlines (Scroll down for complete stories): 1. U.S. Fertility Rate Hits All-Time Low 2. North Dakota, Arizona Best for Job Growth in ’14 3. Christian Pastor Freed in Iran After Christmas Arrest 4. Israel Naming Anti-Missile Facility for…
US, Canadian boaters left in limbo in Mexico
By Amy Taxin And Mark Stevenson The Associated Press From Miami Herald Americas Wires MEXICO CITY — When heavily armed marines and government tax agents stormed eight marinas on Mexico’s Pacific and Caribbean coasts, boaters thought they were witnessing a…
Five held in brutal slaying of former Miss Venezuela and ex-spouse
From Caribbean 360 The couple were shot dead in front of their five-year-old daughter when they resisted a robbery on a lonely stretch of road in Venezuela. CARACAS, Venezuela, Friday January 10, 2014 – Police in Puerto Cabello have arrested…
Royal Navy support ship makes £1m marijuana bust in Caribbean
From Caribbean360 The Royal Navy said this was the second large scale drug bust for RFA Wave Knight during her year deployed in the Caribbean, where she was working alongside Royal Navy frigate HMS Lancaster. LONDON, England, Thursday January 9,…
