cayman islands


Cayman The Grand

Posted on December 3rd, by Global Tax Weekly in Offshore. No Comments

The OECD’s appointment of the Cayman Islands to be vice chair of the Peer Review Group of its Global Forum on Transparency and Exchange of Information for Tax Purposes comes across as a case of turning the poacher into the gamekeeper, although no doubt the Cayman Islands would be highly affronted by such a comparison. And the anti-offshore brigade will be grinding their teeth at the transmogrification of their precious hate object into respectable police-island. We can merely congratulate the world’s third-biggest accumulation of capital at its cleverness in negotiating the shoals of international financial governance, and wonder at the influence which has accreted to the unelected, rich country quango called the OECD. It’s not the only world body which has mysteriously and almost accidentally acquired power on such a scale (FIFA springs to mind as another example), but it … Read More »





RELATED ARTICLES AND INFORMATION

EU Changes Excise Duty Rules On Alcohol

EU member states have reached a provisional agreement on modernized taxation rules for alcohol products, following a meeting held on June 24, at which...

Germany And Bulgaria Announce VAT Reductions

In Germany, the much discussed fiscal stimulus package has been approved by the Federal Cabinet, paving the way for a reduction in the standard...

US Overseas Taxpayers Receive Deadline Extension

The US Internal Revenue Service has reminded overseas taxpayers living and working abroad that they have an extra month to file their 2019 federal...