Investors evaluating options to beat GAAR
By Ashwin J Punnen , Mumbai From My Digital Explore keeping back offices in tax havens With the government setting a deadline for implementing the general anti avoidance rules (GAAR) from April 1, 2017, overseas investors operating from tax havens have…
Small states in search of big solutions: How the Caribbean Growth Forum is accelerating pro-growth reforms
By Steve Utterwulghe Many Caribbean States have long been trapped in a vicious cycle of low growth, high debt and limited fiscal space. The impact of the 2008 financial crisis, as well as recurrent natural disasters, has made the situation…
Deutsche Bank and UBS lose bonus tax case [awarded to staff through Cayman Islands]
From BBC The UK Supreme Court has ruled Deutsche Bank and UBS should pay taxes on bonuses paid to their investment bankers. The bonuses were paid to staff via offshore accounts in the form of shares to avoid attracting income…
What the TPP means for Latin America and the Caribbean
By: Antoni Estevadeordal From Brookings On February 4, 2016, after five years of negotiations, the members of the Trans-Pacific Partnership Agreement (TPP) signed the trade pact, considered to be the highest standard trade agreement to date.[1] The TPP includes not…
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Exploring the decriminalization of marijuana – Part 3
By Robertson S. Henry and Andre de Caires From Caribbean news Now Because of the decline of the banana industry that used to employ thousands of persons directly and indirectly, the job market has declined significantly, leaving many unemployed. Many…
Strategic Asset Management launches new global long/short fund [in Cayman islands]
By Brian Haskin From Seeking Alpha The long/short “hedged” fund was pioneered in the late 1940s in response to the economic tumult of the prior two decades. The idea behind it was to reduce exposure to the fluctuations of the…
High Court appoints interim examiner to troubled exploration company Petroceltic and two related companies
From Independent IE The High Court has appointed an interim examiner to troubled exploration company Petroceltic and two related companies. Mr Justice Brian McGovern appointed Michael McAteer, of Grant Thornton, as interim examiner on Tuesday on the application of the…
Execs of int’l school in Seoul indicted over alleged embezzlement
From The Korea Herald Prosecutors said Tuesday they have indicted three board members of the Seoul branch of a British international school over allegations they embezzled some billions of won in school expenses in violation of the private school act….
Tragic Christine (39) died six months after her wedding day
By Louise Roseingrave A young bride who got married while terminally ill died six months later, an inquest heard. Christine Gibbons (39), from Gardiner Street in Dublin, died at the Mater Hospital on August 24, 2015. She had married her fiance…
Cartoon of the week
By Tony Zuvela, Cartoonist “It’s my own little World which I can escape to everyday and create a fun, weird, berserk Cartoon to whatever subject I like. I enjoy doing all the work myself, and all the aspects of Cartooning,…
