Tag: Alden McLaughlin
Premier: Cayman needs to keep defending offshore
(CNS Business): The Cayman Islands will need to keep up its defense of the offshore financial services sector and maintain regular engagement with European Union leaders, in particular, the premier has said, because the recent delegation to Brussels found that politicians there remain “challenged in understanding our no-direct taxation regime”. Alden McLaughlin said that although […]
Premier urges bosses to take part in wage survey
(CNS Business): Premier Alden McLaughlin is urging all employers to take part in the forthcoming Occupational Wage Survey, as the data collected will be an important tool for government and business in a number of areas, such as re-assessing the current minimum wage and helping young Caymanians make future career decisions. “It is critical that […]
CIG hopeful of dodging EU’s latest blacklist
(CNS Business): Premier Alden McLaughlin and Financial Services Minister Tara Rivers lobbied EU officials last week in an effort to keep the Cayman Islands off the latest Brussels list of non-cooperative tax jurisdictions. During the visit to the European capital, the premier said, the delegation found that EU decision makers recognised Cayman’s commitment to tax […]
Premier heads to Europe for more talks
(CNS Business): As pressure continue to mount from Europe regarding offshore financial services, Premier Alden McLaughlin is heading another group travelling to London and Brussels this week for more talks regarding the sector. Accompanying him are his back-bench councillor Austin Harris, political adviser Roy Tatum, Financial Services Minister Tara Rivers, Chief Officer Dax Basdeo, and […]
Cayman has more Brexit power than UK cities, claims mayor
(CNS Business): Andy Burnham, the mayor of the North West English city of Manchester, has said the Cayman Islands currently has more influence in the Brexit talks than the UK regions. In a speech to local government associations, Burnham raised the growing fear that the financial services sector is likely to play a dominant part […]
Premier updates Baroness on beneficial ownership register
(CNS Business): Premier Alden McLaughlin and Attorney General Sam Bulgin met with the UK’s minister responsible for its overseas territories, Baroness Anelay, Monday afternoon to update her on Cayman’s progress on the implementation of legislation underpinning the non-public searchable register for the enhanced exchange of beneficial ownership information with British law enforcement authorities, a release […]
Premier: Cayman will thrive in changing world
(CNS Business): Premier Alden McLaughlin told an audience of British lawyers that the Cayman Islands will not only survive in these “times of uncertainty” but its financial sector, constitution and adherence to the rule of law will ensure that it thrives. “As a jurisdiction, Cayman has always ensured that it kept, and keeps, up-to-date with […]
Premier reveals details of 3D land parcels
(CNS Business): Premier Alden McLaughlin told an audience of realtors, surveyors and property developers that his government plans to steer through legislative amendments during the current session of the Legislative Assembly to facilitate the registration of volumetric, or three-dimensional, land parcels, sub-dividing them into the sky for overhead development. Speaking at the Royal Institute of […]
Premier in London to promote Cayman
(CNS Business): Premier Alden McLaughlin will be promoting the Cayman Islands, including its offshore sector, in London this week having been invited to deliver an address on Friday at a conference at Blackstone Chambers, entitled, “Current Issues in Rule of Law and International Trade and Development”. As well as attending the event hosted by the […]
Premier heads to London for Brexit talks
(CNS Business): The premier will be heading to London Friday with a small government team for the special meeting with UK officials and the heads of other overseas territories on the thorny issue of Brexit and how it will impact Cayman and the other British dependent territories. The Joint Ministerial Council Brexit meeting was agreed […]
BOTs jittery over Brexit and EU clampdown
(CNS Business): Britain’s loss of influence in the EU as a result of ‘Brexit’ could leave Cayman and other offshore jurisdictions exposed to tougher offshore tax rules. In addition to the problems of gaining access to the business in Europe, Brexit poses a challenge to Cayman in that the UK will no longer be in […]
Minister to make case for lawyers’ law
(CNS Business): After almost 15 years of wrangling over a law to regulate the legal profession, the current financial services minister, a former offshore lawyer himself, is hoping he can finally steer through new legislation. But despite getting backing from the Cayman Islands Law Society and the Caymanian Bar Association, Wayne Panton has not won […]
Trade talks with Honduras ‘sincere’
(CNS): Increasing flights between Cayman and Honduras, organising direct imports from the Central American country and an undersea telecommunications cable were key issues on the talks agenda when President Juan Orlando Hernandez and his delegation met with Cayman Islands officials here last week. Premier Alden McLaughlin said the bilateral talks which started in Honduras last […]
Local women encouraged to pursue maritime study
(CNS Business): Premier Alden McLaughlin has said he hopes to see more young women in the Cayman Islands make use of education-based government funding to consider maritime careers. Speaking at the inaugural Women in Maritime Association Caribbean (WiMAC) conference this week, he said, “This year government appropriated $152 million, or about US$190 million, for education purposes, […]
CIG’s Honduras day-trip paves way for deals
(CNS Business): The government is hoping Honduras could serve as a new source of imports for the Cayman Islands and a new gateway for Cayman Airways. On a day trip to Roatan on Tuesday, the premier led a delegation to discuss future trade deals between the Central American country and Cayman. Alden McLaughlin and Deputy […]
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