Tag Archives: Cayman Islands

New OECD report rates Cayman Islands as ‘largely compliant’ on tax information exchange

25 Aug
Tax information exchange

GEORGE TOWN, Cayman Islands — A new peer review report by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has rated the Cayman Islands as “largely compliant” with the international standard (tax information exchange) – the same rating as Canada, Germany and Australia. “By rating the Cayman Islands as ‘largely […]

The Crucial Role of Offshore Centers in the Global Economy

29 Jun
offshore centers whitepaper

417,000 companies are registered in BVI The companies have US$1.5 trillion in global assets The sector supports 2.2 million jobs worldwide. Impressive as the results are from our British colonial cousin (applause, applause), we are certain that a similar analysis of the Cayman Islands’ global impact would yield similar – perhaps larger – figures. As […]

Cayman tops offshore deal-making in 2016

05 Apr
Rainbow - Cayman Islands offshore deal-making

Offshore law firm Appleby noted in its latest Offshore-i report that last year Cayman-incorporated companies were the target of 920 transactions worth a combined US$84 billion, representing 36 percent of total offshore deal value. “Cayman remained the leader in offshore deal volume and value in 2016, accounting for the largest portion of the year’s offshore […]

Ten Wealth Building Myths

26 Mar
Wealth Building - Roman Numeral, Ten, Number, Roman, 10, Numbering

Top Ten Wealth Building Myths U.S. Person Wealth Building Myths are: Myth No. 1 You can’t build wealth without a reduction of your spendable income. Myth No. 2 There is no economic advantage to deferring income. Whether you get paid now or later, you end up with the same amount of money. Myth No. 3 […]

Anti-FATCA lawyer rejects Europe threat to US taxpayers

24 Mar
Improving Women's Retirement Security and US taxpayers

Sanctions unlikely, lobbyist says The leading advocate for repeal of the U.S. Foreign Accounts Tax Compliance Act has called “laughable” any attempt to sanction Washington – should it rescind FATCA – for noncompliance with copycat European tax laws. Washington-based anti-FATCA tax-lawyer and lobbyist James Jatras said European efforts to pinpoint U.S. taxpayers through the Organization […]

Brazilian investment manager, Captalys, launches its first offshore fund

22 Mar
Brazilian investment manager - Landscape, Sol, Horizon, Panorama, Brazil, Afternoon

Brazilian investment manager, Captalys, launches its first offshore fund with the support of Apex Fund Services as administrator. Captalys has BRL 1.5BN in AUM and invests in Brazilian private credit. The onshore fund has a six-year track-record (returning 20.2% last year and 19.3% in 2015) and started 2017 positively, gaining 1.7% in January. The recently […]

Global investment flowing through tax havens grows by $700bn

10 Feb
British Virgin Islands for Global Investments

The portion of global investment flowing through tax havens has risen by $700bn in two years, according to an analysis by ActionAid. The NGOs evaluation of data from the International Monetary Fund evidences a 5% increase in investment moving through tax havens between 2013 and 2015, from $11.8tn to $12.5tn. ActionAid said this growth was […]

Mnuchin’s Offshore Companies Underscore Need to Tackle Tax Havens in Tax Reform

29 Jan
Stripes USA and Offshore Companies Tax Reform

Statement by FACT Deputy Executive Director Clark Gascoigne WASHINGTON – The offshore companies controlled by Treasury Secretary-designate Steven Mnuchin featured prominently in his Senate confirmation hearings held last week in Washington.  It was revealed that the former investment banker managed companies with assets in Anguilla and the Cayman Islands, both widely recognized as tax havens. […]

HNW Offshore Investment: Booking Center Preferences 2016

25 Jan
International Finance Centre, Hong Kong

OrbisResearch has added report on “HNW Offshore Investment:Booking Center Preferences 2016” Market.The report is split by product types, Size, Share, Applications DALLAS, TX, UNITED STATES, January 24, 2017 /EINPresswire.com/ — 2015 was a weak year for the Global HNW Offshore Investment Market. However, there have been clear winners and losers as the dynamics of the […]

How to Structure Capital Offshore

07 Jul
Structure Capital Offshore

Structure Capital Offshore – The Only Tax Rules Compliant and Double Tax Agreements Non-Reporting and Excluded Account The pension regime is very important internationally and one thing the OECD organization has done amazingly well is Double Tax Agreements. They have come out with an amendment to the OECD model double tax agreement that introduces a […]

What are offshore funds?

08 Jun
Offshore funds

When investing, you will often see funds listed specifically as offshore funds. Many investors have portfolios of mixed funds in Cyprus with funds often domiciled ‘offshore’. What are the key differences in terms of legal protection and structure between funds domiciled in, for example, the UK and those listed abroad? Offshore funds are those domiciled […]

The case for offshore

15 Apr
The case for offshore

Eye-popping revelations in the Panama Papers have fanned concerns that the so-called “tax havens” lie at the centre of a giant web of criminal conduct. Some, including UK Leader of the Opposition Jeremy Corbyn, have demanded that these offshore centres be “shut down”, and so disconnected from the global grid. The uproar invites examination of […]