CUC press Release entitled “Outage Update”
Electricity has been restored to all customers across Grand Cayman. As you are aware, we experienced a major power outage yesterday (July 25th). This outage was the result of a fault which occurred on the transmission system at the Hydesville…
The Dollars and Sense of Tax Havens: The Necessity of the Offshore Economy
by Andrew Barr The recent controversies over the lack of transparency of Mitt Romney’s 2012 tax returns and the existence of several offshore accounts in the Cayman Islands and Switzerland raise important questions on the role tax havens play in…
Court expert faces arrest after fleeing Malta, contaminates evidence
The Magistrates’ Court was told today how a British national, who was appointed as an expert to retrieve and examine 300 security tapes from the Casinò di Venezia in Birgu, had decided to leave the island, abandoning the evidence and…
Betting terminals: dangerously addictive? A 20second game makes huge profits
Two related stories by Alice Ross appeared on the Bureau of Investigative Journalism (BIJ) about the surge in turbo-charged roulette wheels that have transformed UK’s betting industry. We publish both of them (one is an infographic) as a warning in…
Altera and IRS fight involving employee stock-based compensation and a unit in Cayman Islands
Altera Corp and the Internal Revenue Service are battling in U.S. Tax Court over the semiconductor maker’s handling of employee stock-based compensation and a unit in the low-tax Cayman Islands. The dispute centers on “transfer pricing,” or how multinational companies…
Law Firm Dress Down Days Benefit Cancer Society
Ritch & Conolly donate $1,000 to Cancer Society 25 July, George Town, Cayman Islands – Following several weeks of contributions, local law firm Ritch & Conolly today announce a donation of $1,000 to the Cayman Islands Cancer Society. The funds…
Hotline for Labour and Pensions
Employees can now report infractions by their employers to a telephone hotline/tipline at the Department of Labour and Pensions. The Department has installed a new telephone “hotline/tipline”, for the purpose of receiving confidential information on Labour or Pension laws violations….
BCQS International announces director appointment
Tortola, British Virgin Islands, 24th July 2012 – BCQS International, the leading Property and Development Consultancy of its kind in the Caribbean region and Latin America announced today the promotion of Associate Director, James Hunt to the position of Director,…
Premier brings in taxation – but only for work permit holders
CITN-Cayman27 seems the favourite place for Cayman Islands premier to make major announcements these days. However, it took place during a nation wide power outage so few, if any, watched it. Mr. Bush said on the local television “Daybreak”…
CUC power failure causes Island wide blackout and at what cost?
From around 6:30 am Wednesday (25) I was awoken with the strange noise of silence. Yes silence does wake you up and it did me immediately Perfect stillness inside my house. No air conditioning brrr and no swish from the…
