Tag: tax haven

Queen using Cayman investment fund

Queen using Cayman investment fund

| 06/11/2017 | 31 Comments

(CNS Business): Labour leader Jeremy Corbyn has called on Queen Elizabeth to apologise to the British people for using tax havens, including the Cayman Islands. Revelations that the Queen was among a list of very rich individuals and organisations using offshore vehicles to dodge taxes has come [...]

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Cayman still labeled as ‘notorious tax haven’

Cayman still labeled as ‘notorious tax haven’

| 26/10/2017 | 5 Comments

(CNS) Business): Despite the efforts of Cayman Islands’ finance industry, with government and its lobbyists spending time and money trying to paint a picture of how it fits into the global economy and its high standard of regulation, another report on tax issues relating to US-based global [...]

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Panton challenges constant regulatory change

Panton challenges constant regulatory change

| 14/02/2017 | 1 Comment

(CNS Business): Financial Services Minister Wayne Panton has pointed to the constant changes and jumping around in the global regulatory environment as a major flaw that prevents solutions being able to show their worth before they are [...]

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Panton navigates choppy ‘blacklist’ waters

Panton navigates choppy ‘blacklist’ waters

| 08/02/2017 | 7 Comments

(CNS Business): The Cayman Islands financial services minister has been doing the rounds in Brussels and London over the last week to persuade European officials that Cayman should not be on any grey or blacklists and to talk about the continued pressure from the UK for Cayman and the other ter [...]

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Cayman Finance says Oxfam is wrong

Cayman Finance says Oxfam is wrong

| 14/12/2016 | 0 Comments

(CNS Business): The local body representing the offshore sector has described a recent Oxfam report on tax havens as “the same purposefully misleading rhetoric pretending to be research that Oxfam has published and republished for years”. Cayman Finance said the analysis was biased and “in [...]

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Cayman Finance boss talks transparency with BBC

Cayman Finance boss talks transparency with BBC

| 22/11/2016 | 1 Comment

(CNS Business): Appearing on ‘Business Live’ on the BBC’s World News channel earlier this month, Jude Scott stressed that Cayman is not a tax haven but a tax neutral jurisdiction. The CEO of Cayman Finance pressed home the continued claim that Cayman is a transparent jurisdiction w [...]

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UN expert calls on new boss to abolish tax havens

UN expert calls on new boss to abolish tax havens

| 18/10/2016 | 2 Comments

(CNS Business): The new United Nations Secretary-General, António Guterres, is being asked by one of the body’s human rights experts to call a world conference on tax avoidance and evasion, with the goal of abolishing all tax havens. The UN’s independent expert on the promotion of a democra [...]

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UK bill to open details on multinational tax avoidance

UK bill to open details on multinational tax avoidance

| 07/09/2016 | 0 Comments

(CNS Business): A legislative amendment in the UK this week will give the British government the power to publish details of tax payments made by UK-based multinational corporations on a country by country basis, as tax authorities try to clamp down on the abuse of tax laws and aggressive tax avo [...]

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Travers takes aim at ‘delusional thinking’ on offshore finance

Travers takes aim at ‘delusional thinking’ on offshore finance

| 28/07/2016 | 19 Comments

(CNS Business): Anthony Travers, a former Chairman of the Board of Cayman Finance, took aim at critics of low-tax jurisdictions as he joined documentary film maker, Jaques Perretti, on a panel at the IBC Transcontinental Trust Forum in Geneva last month looking at the media portrayal of the off [...]

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UK PM signals tax haven clampdown

UK PM signals tax haven clampdown

| 28/07/2016 | 10 Comments

(CNS Business): Just as the Cayman Islands government was feeling confident that its relationship with the British government was better than ever and the UK was beginning to understand and accept the role of the offshore financial sector, the new prime minister, Theresa May, is believed to have [...]

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Cayman changes perception of offshore centres

Cayman changes perception of offshore centres

| 18/05/2016 | 0 Comments

(CNS Business): The narrative that the Cayman Islands and other offshore jurisdictions are to blame for the world’s corruption, financial crime and tax evasion is finally changing, Premier Alden McLaughlin and Financial Services Minister Wayne Panton believe. Having openly agreed to sign up to [...]

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Panama Papers published on line

Panama Papers published on line

| 10/05/2016 | 0 Comments

(CNS Business): The huge database of documents, now known as the Panama Papers, relating to more than 200,000 offshore accounts has been posted online. The full database became accessible to the public for the first time at 18:00 GMT on Monday at offshoreleaks.icij.org. Anyone can now search the [...]

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EU blacklist of tax havens coming within six months

EU blacklist of tax havens coming within six months

| 03/05/2016 | 24 Comments

(CNS Business): A European-wide blacklist of non-cooperative tax jurisdictions is definitely coming and will be announced within six months, according to EU officials. Member of European Parliament (MEP) Jeppe Kofod, who is part of the TAXE2 Committee that a delegation from Cayman recently appea [...]

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UN calls for greater global tax coherence

UN calls for greater global tax coherence

| 03/05/2016 | 2 Comments

(CNS Business): Statistics released by the United Nations Conference on Trade and Development (UNCTAD) Tuesday revealed considerable volatility in foreign direct investment flows in 2015, with investment flows to offshore financial centres retreating from a high of $132 billion in 2013 to $75 bil [...]

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Minister points to worrying trend at EU grilling

Minister points to worrying trend at EU grilling

| 26/04/2016 | 10 Comments

(CNS Business): The Cayman Islands financial services minister says there is a worrying trend in attitudes towards offshore financial services in Europe that would go well beyond concerns about automatic exchange of information and public access to beneficial ownership. Wayne Panton said some Eu [...]

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