Governor’s Statement on Budget
Issued by: Governor’s Office In response to enquiries received following the statement in regard of the budget issued by the Honourable Premier yesterday, the Governor has issued the following statement: “I have seen reports of a statement issued by the…
OCG Refers Results of Special Audit to Parliament, the DPP and the Police
Kingston; July 26, 2012 – The Office of the Contractor General (OCG) has today referred to Parliament, the Commissioner of Police and the Director of Public Prosecutions, the results of a Special Enquiry Audit that it has conducted into the…
Newsweek may not continue as print weekly
It has been reported by Associated Press that the American weekly news magazine Newsweek may cease its print publication by the end of this year. Inter Active Corp. (IAC) chief Barry Diller, who owns the majority stake in the company,…
Statement on U.S. Tax Compliance and the Foreign Account Tax Compliance Act
25 July 2012 The Ministry of Finance is issuing this statement in relation to recent public comments made in relation to the US Foreign Account Tax Compliance Act (FATCA). The US Government has always expected its citizens, wherever they live…
RCIPS answers iNews Cayman’s question concerning helicopter
Further to iNews Cayman’s request for comment from the RCIPS re the sale of the police helicopter, following the statement by the Honorable Premier yesterday (25) a Police spokesperson said: “The sale of the police helicopter has neither been discussed,…
WestStar in agreement with outside company to sell majority stock
WestStar has confirmed that it has entered into an agreement with an outside company to sell a majority of its stock. It is important to note that prior to consummation of this agreement regulatory approval must be obtained. While we…
Why we should worry on the rise and fall of oil
Now why should you worry about the price of oil if you’re not buying and selling oil? If you’re neck deep into forex, there’s one good reason. Many of the most important currency trading pairs rise and fall on the…
UWC’s Blue Jack Night fundraiser on Sat (28)
The UWC Cayman Islands is holding its signature fundraising event, Blue Jack Night, this Saturday, with all proceeds going towards the education of outstanding students at one of 13 United World College campuses worldwide. UWC Cayman Islands is a charitable…
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…
