Tag: OECD

UK territories blamed for bulk of global tax dodging

UK territories blamed for bulk of global tax dodging

| 28/05/2019 | 31 Comments

(CNS): The UK’s overseas territories are largely responsible for the breakdown in the global tax system and helping major global corporations dodge their tax obligations, according to a new report released Tuesday. The British Virgin Islands, Bermuda and the Cayman Islands are listed as the top three jurisdictions in the world that have “aggressively undermined […]

Continue Reading

Premier back on the road in offshore fight

Premier back on the road in offshore fight

| 09/01/2019 | 23 Comments

(CNS): Premier Alden McLaughlin left the Cayman Islands Wednesday, heading off on another UK-Euro-US trip to continue the work of keeping the jurisdiction from appearing on any more black-lists, as the fight to protect the financial sector here intensifies. McLaughlin, who has increasingly taken on the lead role in defending the offshore industry, despite having […]

Continue Reading

OECD reps appear to give thumbs up to Cayman

OECD reps appear to give thumbs up to Cayman

| 07/01/2019 | 12 Comments

(CNS): Government has revealed that two high-ranking representatives from the OECD Centre for Tax Policy and Administration were in the Cayman Islands last week, and they appear to have given the jurisdiction a thumbs up over its cooperation and new legislation regarding global tax issues. In a release from the financial services ministry, the centre’s […]

Continue Reading

New laws to shake up offshore sector

New laws to shake up offshore sector

| 07/12/2018 | 43 Comments

(CNS): Government has unveiled three new bills that will result in fundamental changes to the way some exempted companies do business in the Cayman Islands. Just weeks before the European Union’s deadline for offshore financial centres to address requirements over what it sees as unfair tax practices in order to dodge the latest black-list, Financial […]

Continue Reading

Rule change paves way for more aid to BOTs

Rule change paves way for more aid to BOTs

| 01/11/2018 | 28 Comments

(CNS): The Organisation for Economic Co-operation and Development (OECD) has agreed to a rule change that allows more aid to go to wealthier countries in the event of disasters, which means Britain could in future offer more financial support to its overseas territories, including Cayman, in the wake of a hurricane. The news was revealed […]

Continue Reading

Cayman Turtle Centre