Tag: tax

EU’s newest list not a ‘blacklist’

EU’s newest list not a ‘blacklist’

| 22/06/2015 | 1 Comment

(CNS Business): According to the OECD, the EU Commission has confirmed that they have not yet decided which countries should be included on a new blacklist of non-cooperative tax jurisdictions and the list that they released on 17 June was “based on Member States’ independent nationa [...]

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Cayman AEOI Portal now live

Cayman AEOI Portal now live

| 23/03/2015 | 0 Comments

(CNS Business): On Friday 20 March at 4:15pm the Cayman Islands officially opened the doors to the Automatic Exchange of Information (AEOI) Portal to report tax information to other jurisdictions. The Financial Services Ministry has announced the AEOI Portal is now available for financial instit [...]

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Seminar to help US tax payers

Seminar to help US tax payers

| 03/03/2015 | 0 Comments

(CNS Business): A free seminar designed to help US taxpayers residing in the Cayman Islands will be held on 11 March. This informational meeting called, “Navigating US Tax Requirements and Strategic Methods of Coming into Compliance”, will explain the most recent US tax filing and rep [...]

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Banker walks free from $20bn tax evasion charges

Banker walks free from $20bn tax evasion charges

| 12/11/2014 | 0 Comments

(CNS Business): Former head of UBS Raoul Weil has been acquitted by a US federal jury on all charges of conspiring with as many as 17,000 US taxpayers to abuse Swiss bank secrecy to hide $20 billion in secret offshore accounts. Jurors in a Fort Lauderdale, Florida, federal court reached their ve [...]

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OECD says new deal will end tax havens

OECD says new deal will end tax havens

| 03/11/2014 | 1 Comment

(CNS Business): Tax havens will no longer exist in five years as a result of new rules aimed at combating tax abuse, the OECD has said. In the wake of the agreement signed last week by over 50 countries, including the Cayman Islands, Grace Perez-Navarro, from the Organisation for Economic Co-oper [...]

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Panton signs latest global information exchange deal

Panton signs latest global information exchange deal

| 29/10/2014 | 1 Comment

(CNSBusiness): The Cayman Islands government joined more than 50 countries Wednesday, when it signed the latest agreement to tackle global tax evasion. Wayne Panton, the financial services minister, signed on the dotted line of the OECD’s Multilateral Competent Authority Agreement (MCAA) [...]

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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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Bulgaria beats Cayman in ‘best of’ low tax places list

Bulgaria beats Cayman in ‘best of’ low tax places list

| 31/07/2014 | 0 Comments

(CNS Business): Bulgaria, UAE and Mauritius are just some of the countries that have beaten Cayman in a top ten list of low or no tax destinations compiled by a firm specialising in international expatriation. Cayman does make the list but is well out of the top five, down in ninth place, in the [...]

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New OECD standards criticized

New OECD standards criticized

| 22/07/2014 | 0 Comments

(CNS Business): An organisation that campaigns for transparency in the international financial system has criticised the Organization for Economic Cooperation and Development’s released detailed guidelines, released Monday, on the common reporting standard for automatic exchange of fi [...]

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Commentary: FATCA and the rush to register

Commentary: FATCA and the rush to register

| 14/07/2014 | 0 Comments

The plethora of recent regulation means that clients are now well versed in deploying technology to address compliance concerns. Unfortunately, many opted to pursue point solutions for each regulatory thread and are now looking at integration projects to bring it all together, writes Chris Eaton, [...]

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US federal contracts denied to firms in ‘tax havens’

US federal contracts denied to firms in ‘tax havens’

| 14/07/2014 | 0 Comments

(CNS Business): The Cayman Islands and Bermuda were targeted by  the US House of Representatives Congress last week when it voted to prevent companies that moved to the two jurisdictions from the US from winning certain energy and water federal contracts. Other low-tax counties, such as Irelan [...]

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