Cayman Finance News

  • Cayman Islands Committed to Aligning With Global Best Practices

    February 4, 2019
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    Tax transparency and cooperation with international regulators and governments to guard against tax evasion is something that the Cayman Islands takes seriously. It has, after all, Tax Information Exchange Agreements with all major developed countries and shares information with over 100 countries under the OECD’s Common Reporting Standard framework. Specifically, Cayman has had a TIEA in place with The...

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  • Cayman Showcased as a Premier Financial Services Jurisdiction To New York Audience

    January 31, 2019
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    The strength of the Cayman Islands financial services industry and its benefits to global partners, particularly those in the United States, was on show as Cayman Finance hosted a pair of events in New York on 22 January. More than 170 attendees gathered at the Harvard Club of New York City for the 6th Annual Cayman Finance New York...

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  • Cayman Finance responds to Netherlands blacklisting

    January 10, 2019
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    Cayman Finance responds to Netherlands blacklisting   Cayman Finance finds as unusual a recent decision by the Kingdom of the Netherlands to break from other European Union member states to “blacklist” 21 jurisdictions, including the Cayman Islands, based simply on having a stated corporate tax rate that the Netherlands has subjectively determined is too low.   As noted by...

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  • General registry reveals record-breaking statistics

    December 14, 2018
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    The number of registered companies in the Cayman Islands reached an all-time high, according to statistics released by the Cayman Islands General Registry. At the end of September there were 106,291 active companies on its register, after a steady increase since the same time last year, which is a 7% growth over last year, with Limited Liability Companies (LLCs) representing...

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  • EU’s Expanded Tax Haven Blacklist Could Apply to U.S.

    December 14, 2018
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    The European Union plans to update its year-old blacklist of tax havens to include new criteria and an expanded geographic reach—possibly all the way to the U.S. The bloc has previously threatened that the U.S. could wind up on the blacklist, along with the likes of Guam and Trinidad and Tobago, unless it adopts stricter financial reporting standards and...

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