Tag: Tax Justice Network

Cayman faces critics head-on at tax conference

Cayman faces critics head-on at tax conference

| 10/04/2017 | 0 Comments

(CNS Business): The financial services ministry brought together some of the jurisdiction’s major critics at a conference last week on the issue of tax transparency. Minister Wayne Panton and his team stressed the importance of engaging with the critics of Cayman’s financial service sect [...]

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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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Secrecy in BOTs fuelling corruption, says report

Secrecy in BOTs fuelling corruption, says report

| 30/11/2015 | 5 Comments

(CNS Business): A new report released by a coalition of NGOs, including Transparency International UK, has described some of the British overseas territories (BOTs) as “some of the most notorious purveyors of financial secrecy”, despite promises about more transparency. The authors say a [...]

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US now more secret than Cayman

US now more secret than Cayman

| 02/11/2015 | 15 Comments

(CNS Business): Despite the constant criticism of the Cayman Islands as a so-called tax haven by US politicians and media, in the latest edition of the Financial Secrecy Index, compiled by the Tax Justice Network, the United States is placed above the Cayman Islands in its rankings. The report, w [...]

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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 c [...]

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Tax haven film to première at Toronto film festival

Tax haven film to première at Toronto film festival

| 14/08/2014 | 0 Comments

(CNS Business): A new documentary about tax havens, “The Price We Pay”, is to receive its world première on 5 September at the Toronto International Film Festival. TIFF says Director by Harold Crooks “blows the lid off the dirty world of corporate malfeasance with this incend [...]

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