Cayman Finance News

  • Why Mr. Cameron’s statement matters

    October 4, 2013
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    Prime Minister David Cameron’s recent remarks underscoring the unfairness of referring to overseas territories as “tax havens” is welcomed by Cayman’s financial services sector. Now, if only the media – including Hollywood – would follow suit, there would be reason to stand and applaud.

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  • Seminar planned for possible 6,000 individuals affected by FATCA

    September 6, 2013
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    Indicating the serious impact the US Foreign Account Tax Compliance Act (FATCA) is anticipated to have on people in the Cayman Islands, Cayman Finance and the Government’s Ministry for Financial Services have again joined forces to bring another FATCA seminar to those individuals wanting further information on how it will affect them.  This time the seminar will focus on...

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  • Cayman Finance hails captive insurance success

    August 2, 2013
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    Cayman Finance welcomed news the Cayman Islands captive insurance industry has reached an all-time high of US$82.8 billion in total assets and US$13.5 billion in total premiums as at 30 June 2013. “Given 2012 was widely considered very successful for the captive insurance industry, we are particularly pleased to see the 2013 year-to-date growth rates exceeding the 2012 numbers,”...

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  • The Arrival of FATCA

    July 13, 2013
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    On 15 March, 2013, the Cayman Islands government announced its intention to sign an agreement with the United States authorities to adopt a Model 1 Intergovernmental Agreement (IGA) in response to the US Foreign Account Tax Compliance Act. This decision was reached following a series of dialogue sessions with private sector entities, including Cayman Finance, which played a pivotal…

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  • Transparency cooperation requires a level playing field

    July 4, 2013
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    The Cayman Islands has come under constant pressure to agree to information sharing on its financial services clientele. First there was the United States’ FATCA legislation, then a similar agreement request with the UK, then a multi-lateral pilot with G5 countries, there are calls for us to become part of an old OECD convention, and finally British Prime Minister…

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