Cayman Islands News

Governments are being urged to shake up the way tax havens operate before the next G20 meeting later this summer, writes Neasa MacErlean AP Living the easy life could get tougher if tax havens, such as the Cayman Islands, are forced into being more open with the authorities enlarge The tradition of the wealthy keeping their cash at arm's length ...

Places such as the Cayman Islands have a reputation for being tax havens. Treasury minister Stephen Timms has said many banks continued "to be involved in tax avoidance that goes well beyond reasonable tax planning". His comments came as the Treasury issued preliminary rules for how banks should handle their tax affairs.

Roderick Prescott, a resident of Orem, Utah, and a former principal of National Trust Services in San Jose, Calif., and later Selma, Oregon, pleaded guilty today to tax evasion, the Justice Department and Internal Revenue Service announced.

Hedge funds have not had a very happy time of late. The credit crunch has prompted investors to withdraw their money and regulators want to make them more transparent.

The Brac is coming back -- slowly. Cayman Brac, still recovering from Hurricane Palomaa s pummeling last November, welcomed its newest tourism development on June 17 with the opening of the 31-room Alexander Hotel.

Forecaster are watching a tropical wave over the western Caribbean Sea is producing showers and thunderstorms from Cuba and the Cayman Islands southwest to Honduras.

Bermudian Vexed Bermoothes is surprised to learn that "the Governor of the Cayman Islands has a blog." Cancel this reply Start the Conversation Authors, please log in>> Name Email Website Subscribe to comments on this post via email Guidelines All comments are moderated .

A.M. Best Co. has affirmed the financial strength rating of A and issuer credit ratings of "a" of Wind River Reinsurance Company, Ltd.

The schemes offered by the Destinations Clubs tend to get more exciting with the great opportunity to spend a glamorous holiday in the Grand Cayman resort.

The closed-ended fund regime in the Cayman Islands will be of interest to managers of private equity funds and funds with extended lock-in periods.

Earlier this month, the offshore center, home to most of the world's hedge funds, joined the global regulatory body, International Organisation of Securities Commissions , which on Monday supported obligatory registration of hedge fund managers.

A tiny exotic island in the Caribbean has become the latest country to open its tax books to Ireland, it emerged tonight.

Well nothing much exciting has happened re work this week just the normal really apart form got a new car a Mercedes Jeep kind of car! And Jane went to Miami shopping on Friday and brought me back a lovely crystal bracelet and pair of matching earrings.

So for instance, whilst partnerships and unit trusts can be organised with ease in each country, the limited liability company is generally the most popular form of vehicle used.

BERMUDA, a British territory in the North Atlantic, proudly announced this month that it had made it on to the OECD's white list of benign tax regimes.

With their toes in the Florida sand, guests taste the food and wine offerings under the tent at the 2009 South Beach Food and Wine Festival.

The Cayman Islands plans to rebrand itself and various attractions on the Islands to better attract the family market, Cayman Islands' newly elected Minister of Tourism McKeeva Bush told Travel Trade here at Caribbean Week's Media Marketplace hosted by the Caribbean Tourism Development Company.

The UK is backing calls to force multiA national companies to reveal precisely how much tax they pay in each jurisdiction they operate in.

Depositors with millions of dollars in Clico are encountering major problems to recover their funds, despite assurances by the Government to honour their claims, as well as those of policy-holders. There are two categories affected: locals with policies and investments, and foreign banks and other financial institutions.

Cayman Islands-based private equity fund Harmony Capital has bought Western Australia's largest abattoir, Harvey Beef, for an undisclosed sum.