Tag: European Union

UK politics in turmoil as MPs debate Brexit delay

UK politics in turmoil as MPs debate Brexit delay

| 14/03/2019 | 15 Comments

(CNS): British politics remained in turmoil Thursday as MPs began debating a delay to leave the European Union on the scheduled date of 29 March after they voted against a ‘no deal’ Brexit in the House of Commons on Wednesday. But the series of votes yesterday led to more resignations and rebellions from Prime Minister […]

Continue Reading

Premier agrees new offshore regime will boost population

Premier agrees new offshore regime will boost population

| 19/12/2018 | 86 Comments

(CNS): The offshore legislation that government steered through the Legislative Assembly on Monday to avoid being placed on the latest European Union blacklist will likely fuel population growth in the Cayman Islands, Premier Alden McLaughlin has told the Legislative Assembly, echoing recent statements by opposition MLA Chris Saunders. As he defended the eleventh hour bills, McLaughlin […]

Continue Reading

Rivers heads to Brussels to keep Cayman off blacklist

Rivers heads to Brussels to keep Cayman off blacklist

| 18/09/2018 | 19 Comments

(CNS): Financial Services Minister Tara Rivers is in Brussels this week with the aim of keeping the Cayman Islands from being blacklisted by the European Union at the end of this year over concerns about unfair tax practices. The Cayman government has been engaging with the financial services sector here and is currently drafting legislation to […]

Continue Reading

CIG to meet EU and OECD on ‘economic substance’ issue

CIG to meet EU and OECD on ‘economic substance’ issue

| 16/01/2018 | 33 Comments

(CNS): Officials from the financial services ministry have confirmed that Cayman has been invited to a meeting with the European Union and the OECD, along with five other jurisdictions, on the latest European grey-list. The ministry said the informal voluntary meeting was to discuss the definition of economic substance in the financial services sector here, which […]

Continue Reading

Cayman under new EU black-list threat

Cayman under new EU black-list threat

| 15/01/2018 | 63 Comments

(CNS): As the UK government moves towards trade talks with the European Union as part of the Brexit negotiations, the British Overseas Territories, including Cayman, could be used as leverage and may be placed on the black-list that they recently avoided, according to a report in the Independent Sunday. Brussels is planning to demand that […]

Continue Reading

Cayman among jurisdictions on EU ‘grey-list’

Cayman among jurisdictions on EU ‘grey-list’

| 05/12/2017 | 51 Comments

(CNS): The Cayman Islands has dodged the European Union Council’s black-list of 17 uncooperative nations after the much-anticipated tax list was published Tuesday. However, this jurisdiction and more than 40 other countries are on a ‘grey-list’ of countries that have agreed to take steps toward “abolishing harmful tax practices”. Cayman, Bermuda, Guernsey, Isle of Man, […]

Continue Reading

EU accepts local LGBT activists’ legal petition

| 09/11/2017 | 264 Comments

(CNS): The legal institutions of the European Union will be giving consideration to claims of discrimination by the local lesbian, gay, bisexual, transgender community after a petition delivered to the European Parliament by Colours Cayman was accepted. This is a small but important first step for the activists, who have been trying to attract the […]

Continue Reading

Activists petition EU to push UK on LGBT rights

Activists petition EU to push UK on LGBT rights

| 16/05/2017 | 98 Comments

(CNS): The first non-governmental organisation in Cayman formed to represent the lesbian, gay, bisexual, trans, and/or intersex (LGBTI) community is lobbying the European Union to force the UK to comply with the European Convention on Human Rights in its territories. Colours Cayman wants European leaders to make Britain’s continued membership of the trans-national court a […]

Continue Reading

Alden: Independence would be ’asinine’

Alden: Independence would be ’asinine’

| 04/07/2016 | 65 Comments

(CNS): The premier said the Cayman Islands is much too small in population terms to consider independence and the people would have to be “lunatics” to make such a decision. As the country took a day off Monday to mark its first constitution signed in 1959, the premier said the current 2009 document was a […]

Continue Reading

‘Great uncertainty’ ahead, says premier

‘Great uncertainty’ ahead, says premier

| 24/06/2016 | 110 Comments

(CNS): The unexpected exit of Britain from the European Union and the possible break-up of the United Kingdom has caused the Cayman government some concern as a result of the uncertainty generated by the leave result in yesterday’s referendum. Premier Alden McLaughlin pointed to the volatility of the economy on the horizon and the possible […]

Continue Reading

Britain’s EU exit shakes world economy

Britain’s EU exit shakes world economy

| 24/06/2016 | 146 Comments

(CNS): With more than 17 million people in Britain voting to leave the European Union after more than 40 years, the global economy was facing a period of uncertainty and uncharted waters Friday as British Prime Minister David Cameron resigned. The impact locally as a result of the volatility ahead in financial markets as well […]

Continue Reading