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What Puerto Rico Tells Us About Global Trade

10 Oct
Puerto Rico flag

Trade in tax often trumps trade in tasks. The United States compiles data about Puerto Rico’s trade with the world. The largest supplier of imports to Puerto Rico? Ireland. The second largest? Singapore. Tax trumps gravity, it seems. Incidentally, Switzerland jumped into third place in the 2016 league table, leaping past other exporters of chemicals and Puerto […]

How To Invest In Bermuda

09 Oct
Bermuda Boat

Why Invest In Bermuda? Bermuda is an island nation in the Atlantic Ocean that is known for its resorts and also as an offshore financial hub. With a population of just 65,000 people, its economy is small and so most investors would not even consider Bermuda as an investment destination. However, in its transformation into […]

Gibraltar Prepares For Regulation Of Cryptocurrency Exchanges And ICOs

26 Sep
HMS Somerset at Gibraltar

On Friday, the Gibraltar Financial Services Commission released a warning about investment in token offerings (ICOs). Presently, the supervisory agency is weighing legal guidelines for the crowdfunding mechanism. In January 2018, the GFSC will institute a regulatory framework for firms that manage others’ assets using distributed ledger technology. On September 22, 2017, the Gibraltar Financial […]

Cyberport and Hong Kong Monetary Authority lead Hong Kong’s largest FinTech Delegation to London

19 Sep
Hong Kong Monetary Authority - Tech, Processor, Computers, Motherboard, Technology

HONG KONG, Sept. 20, 2017 /PRNewswire/ — Hong Kong Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA) bring the largest FinTech delegation to London from 19 to 21 September to expand partnership network for FinTech industry players between the two cities. This is part of the annual ICT delegation co-organised by Cyberport and the Hong Kong Information Technology […]

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 […]

Unprofitable subsidiaries becoming new tax haven for multinational corporations

08 Jun
multinational corporations

The study’s findings shed light on a tax planning strategy that is not currently focused on by governments, which tend to focus their efforts on firms who move their money from countries with higher taxes to lower tax-rate countries to save. “Governments expend considerable effort to prevent their tax bases from being eroded by companies […]

Armenia commits to significantly boosting foreign direct investments

02 Jun
Armenia commits to significantly boosting foreign direct investments

MONTREAL, June 2, 2017 /PRNewswire/ – Arton Capital has been appointed to study and evaluate Armenia’s potential to develop and market an immigrant investor program, following an invitation from the International Centre for Migration Policy Development. The ICMPD seeks to promote innovative and sustainable migration policies around the world. The initiative comes as a series of […]

Barbados remains Canada’s top tax haven

18 May
Barbados (Caribbean) - Carlisle Beach - Bridgetown

“It’s time for the Canadian government to review and renegotiate tax treaties with havens that enable this behaviour.” — Dennis Howlett, executive director of Canadians for Tax Fairness Ottawa (18 May 2017) — Canadians for Tax Fairness is reporting that Canadian businesses that shift money offshore love Barbados. Canadians for Tax Fairness calculated that  $6 billion was shifted to the […]

Isle of Man named International Finance Centre of the Year

04 May
Isle of Man - International Finance Centre

The Isle of Man has won the award for International Finance Centre of the Year at the International Adviser Product and Service Awards. Local companies Ardan International, Nedbank and Momentum Pensions also took home awards. Martyn Perkins MHK, Member of the Department of Economic Development with responsibility for Financial Services, commented: ‘The Isle of Man […]