January 19, 2020

China counts on tax cuts to buoy business in tough economic times ahead

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By Jane Cai From South China Morning Post As growth slows and the trade war bites, Beijing aims to reduce levies on key sectors such as manufacturing to keep people employed and ensure social stability Chinese Premier Li Keqiang delivered a sombre outlook for the year ahead but offered hope in the form of cuts […]

Bahamas PM uses Haiti unrest to explain VAT hike

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By Travis Cartwright-Carroll Nassau Guardian From Caribbean News Now NASSAU, Bahamas — As he defended his administration’s increase in value-added tax (VAT) from 7.5 percent to 12 percent, Bahamas Prime Minister Dr Hubert Minnis pointed to recent riots in Haiti over a 50 percent increase in fuel prices mandated by the International Monetary Fund (IMF) […]

Cayman Islands offers YET registration

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By BRYONY MCCABE From Superyacht News The scheme enables Cayman-flagged private yachts to charter for a for a limited time per year in France… The Cayman Islands Shipping Registry (CISR) has announced the procedure that is to be followed by a pleasure yacht registered in the Cayman Islands in order to obtain Yacht Engaged in […]

Software Developer: Tax woe drove us to Cayman Islands

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By NEIL HARTNELL From Tribune242 A Bahamian software developer yesterday revealed he was forced to domicile in the Cayman Islands to prevent VAT and Business License fees “killing” his competitiveness. Bruce Raine, International Private Banking Systems (IPBS) principal, told Tribune Business that his company’s experience showed that the Government needed to enact multiple, far-reaching economic […]

Desert Tax Haven draws moviemakers to China’s far west

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By Lin Qiqing From Sixth Tone Generous tax holidays bring film and media companies to remote border city. A small Chinese city on the border with Kazakhstan has surprisingly shot to stardom among Chinese moviemakers. Dubbed China’s Cayman Islands, Khorgos Economic Development Zone has become home to nearly 1,500 film and media companies drawn to the […]

Lanarkshire couple funded luxury holidays to Cayman Islands and Las Vegas and drove Range Rovers after dodging almost £1m in tax

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By David Meikle From The Scottish Sun TAX DODGERS JAILED -Michael Howard, 44 and his wife Donna, 43, ran a security systems business and enjoyed a multi-million pound turnover A COUPLE who funded their extravagant lifestyle by dodging almost £1million in payments to the taxman have been jailed. Michael Howard, 44 and his wife Donna, […]

Bahamas Squandering ‘Caribbean’s Best Vat’

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By NATARIO McKENZIE Tribune Business Reporter From Tribune 242 Royal Bank of Canada’s (RBC) chief regional economist yesterday accused the Bahamas of squandering the Caribbean’s “most successful Value-Added Tax” by failing to act in a fiscally prudent manner. Marla Dukharan, in a harsh verdict on the Christie administration’s fiscal policies and achievements, said it had […]

Trinidad: Journalist Fined $20,000

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From Caribbean News Service PORT OF SPAIN, Trinidad, Dec 21 2016 – Magistrate Christine Charles has imposed a TT$20,000 fine on a newspaper journalist who pleaded guilty last week to unlawfully benefiting from a contract awarded to his company under the controversial but now-defunct multi-million dollar Life Sport Programme that led to the resignation of […]

Tourism Matters: A win-win scenario

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By Adrian Loveridge From Caribbean News Now Officially Restaurant Week Barbados was rolled out by the Barbados Tourism Marketing Inc. recently, which actually runs from 22nd October until 5th November, leading up to this year’s rebranded Food and Rum Festival. It gives us, as a destination, a wonderful opportunity to highlight our incredible range of […]

Building an Energy Efficient Private Sector

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Bridgetown, BARBADOS, October 12, 2016. The Executive Director of the Caribbean Export Development Agency (Caribbean Export) Pamela Coke-Hamilton called on the Region’s private sector to drive forward with the adoption of renewable energy solutions at the EU-Caribbean Sustainable Energy Conference currently taking place in Barbados. “What we have found at Caribbean Export is that companies […]