Tag: Wayne Panton
Panton addresses IP protection laws in the LA
(CNS Business): The push to modernise Cayman’s Intellectual Property Protection Regime was brought to the forefront in the Legislative Assembly this week by Minister of Commerce Wayne Panton. This presentation follows after a press conference held last month by the minister and cabinet members, explaining why the change of IP laws is so desperately needed in […]
Cayman gives bootlegs the boot
(CNS Business): Big changes are coming to Cayman’s current copyright laws, change that will not only offer better intellectual property protection, but also increase government revenue by multiples of $5 to $10 million in direct benefits. On Thursday government officials and cabinet members held a press conference to discuss the details of the current laws […]
Cayman updating copyright law
(CNS Business): Minister of Commerce Wayne Panton announced the Cayman Islands would soon be falling under the UK’s umbrella regarding copyright laws. The minister explained the aim is to offer stronger intellectual property protection that is in line with Britain.
Cayman AEOI Portal now live
(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 institutions to register and report customer data to the Tax Information Authority […]
Cayman voted best hedge fund services jurisdiction
(CNS Business): Minister of Financial Services Wayne Panton said the Cayman Islands is now the preferred place for doing business, after being voted the Best Hedge Fund Services Jurisdiction at the 2015 Hedge Global Awards in London.
Cayman Finance hosts successful New York event
(CNS Business): Cayman Finance hosted another successful New York Breakfast Briefing at the Harvard Club of New Your City. This was the second time the organisation hosted the event, but it was the first time since the appointment of new CEO, Jude Scott.
Cayman takes Miliband to task
(CNS Business): Accusing Ed Miliband, Leader of the British Labour party, of trying to distort the issue of beneficial ownership “in light of readily available, third-party assessments and factsâ€, Cayman’s finance minister said that the warning letter that he is reportedly sending to all British overseas territories has so far not been received.
80% say no to ownership register
(CNS Business): Government released a report Tuesday on the public consultation it carried out earlier this year regarding how the jurisdiction should tackle the issue of access to who really owns offshore entities registered in the Cayman Islands. The report revealed that over 80% of the people and organizations that responded do not believe Cayman […]
Government to clamp down on rogue business
(CNS Business): As a result of what the minister said were deficiencies in the Trade and Business Licensing Law, government has moved to tighten up the rules and create a fairer environment for local business with a new law. The new Trade and Business Licensing Bill was passed in the Legislative Assembly last month without […]
Latest G20 summit holds no surprises for Cayman
(CNS Business): Following the G20 summit in Brisbane last week questions remain over how much the latest talks on global tax transparency will impact Cayman and other offshore jurisdictions. Despite the bluster from international politicians in the build-up to the summit over clamping down on multinational corporate tax dodging, illicit cash flows and jurisdictions that […]
Panton signs latest global information exchange deal
(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) in Berlin, the latest worldwide standard for automatic exchange of information (AEOI) among tax […]
Cayman tops Banker survey for sixth time
(CNS Business): Cayman’s position as the world’s top specialised financial centre was reconfirmed again this week with the news that this jurisdiction has come first in a leading international survey, topping the specialised financial centres ranking, as compiled by The Banker magazine. This is the sixth consecutive year that the Cayman Islands has led the […]
Premier pats financial services minister on back
(CNS): The Cayman Islands premier was singing the praises of his long-time friend and Cabinet colleague last week when he singled out the financial services minister for a pat on the back over his handling of the latest slight over Cayman’s offshore sector. Alden McLaughlin said that Cayman had once again been forced to defend […]
Public consulted on daylight savings
(CNS Business): The Cayman Islands Government is considering whether it would be beneficial to adopt Daylight Savings Time (DST) – the practice of adjusting clocks one hour forward during the longer summer months, and back again in the fall – and is inviting the public to give their views on the subject by the end […]
Premier praises CIMA director’s diplomacy
(CNS Business): In the Cayman Islands Legislative Assembly this week, Premier Alden McLaughlin recognised the diplomacy of the Managing Director of the Cayman Islands Monetary Authority (CIMA) following the islands’ inclusion on the UK Financial Conduct Authority’s ‘High Risk Countries’ list in July. Calling this action by the FCA “unwarranted†and “arbitraryâ€, he commended both […]
Recent comments