Photo of the Remarkables mountain range in Queenstown, New Zealand.

Tag: David Cameron

Corbyn queries Cayman’s celebration over UK deal

Corbyn queries Cayman’s celebration over UK deal

| 13/04/2016 | 8 Comments

(CNS Business): The fact that the Cayman Islands has welcomed the recent agreement with the UK over how it will share beneficial ownership details with British law enforcement and tax authorities was used against Prime Minister David Cameron this week by the opposition leader in the British parliament. Labour party leader Jeremy Corbyn pointed to […]

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$51B of US corporate profit held in Cayman, says report

$51B of US corporate profit held in Cayman, says report

| 07/10/2015 | 4 Comments

(CNS Business): The latest report on the use of tax havens making headlines around the world claims that $51 billion of corporate profits for Fortune 500 companies made in 2014 is held in the Cayman Islands. Describing Ugland House in George Town as a symbol of the “excesses of the world of corporate tax havens”, the […]

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UK continues to press for beneficial ownership registry

UK continues to press for beneficial ownership registry

| 01/10/2015 | 0 Comments

(ukukCNS): The British Prime Minister has stated that not enough is being done to tackle tax evasion by the UK’s overseas territories. Speaking during a trade mission to Jamaica, David Cameron said he is not happy with the way some British overseas territories are resisting financial transparency, signalling a new wave of pressure ahead on Cayman […]

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Tory peer’s costly advice off the mark

Tory peer’s costly advice off the mark

| 23/04/2015 | 0 Comments

(CNS Business): The Conservative peer who was employed by the Cayman Islands Government to advise and lobby for its offshore sector in the UK appears to have been giving some poor advice. David McLean, known as Lord Blencathra, reportedly told CIG last year that the UK Prime Minister’s goal to clamp down on tax havens was […]

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