Romney Claims No Tax Advantage in Caymans
By Timothy Noah The New Republic Here’s a puzzler from an FAQ accompanying Romney’s release of his 2011 tax returns and a summary of his returns from 1990-2009: There are some investments that seem to be established in offshore accounts,…
China Mass Media Corp. Announces Extraordinary General Meeting of Shareholders
BEIJING, Sept. 24, — China Mass Media Corp., incorporated in the Cayman Islands (“CMM” or the “Company“) (PINK: CMMCY), announced today that it has called an extraordinary general meeting of shareholders (the “EGM“), to be held on October 31, 2012 at…
RBS CEO warns on cost of rectifying past misconduct [with transactions tied to Cayman Islands]
Royal Bank of Scotland’s Chief Executive Stephen Hester has warned that the part-nationalised bank faces hefty penalties for rectifying past misconduct and said the overall cost of dealing with the issues was impossible to forecast. The bank is under investigation…
Grand Cayman Customs Advisory
Seafreight Line advises that a Port Container Inspection Fee for all cargo moving from the United States to the Cayman Islands, was implemented by the Cayman Islands Customs Department on September 17, 2012. This local Grand Cayman Customs fee is…
O2Micro Receives Patent for BMS Invention
GEORGE TOWN, Grand Cayman, Sep 24, 2012 – O2Micro(R) International Limited, a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today announced that it was issued 23 claims under United States patent number 8,222,870…
Indaba Capital Fund, L.P. Acquires Common Shares of NiMin Energy Corp.
TORONTO, Sep 24, 2012 – Indaba Capital Fund, L.P. (“Indaba Capital Fund”), c/o Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands, today announced that it acquired ownership and control of 2,621,441 common shares (the…
Immigration Supports a Good Cause
Staff of the Department of Immigration gave monetary contributions and dressed in purple on Friday, 21 September, as a show of support for the local Alzheimer’s and Dementia Association (ADA). ADA Founder/Chairperson Dorothy Davis thanked the immigration staff for their…
The right’s eyebrow-raising defense of Romney’s foreign tax havens [like the Cayman Islands]
Paul Abrams Huffington Post All men are mortal. Socrates is a man. Therefore, all men are Socrates. (Love & Death, Woody Allen). Mitt Romney (R-MA) seems to have succeeded in becoming persona non grata overseas, but his money is welcome…
SEBI fears round-tripping through overseas cell companies [like the Cayman Islands]
Funds structured as PCCs, which are legal entities in places like Mauritius, might be looking at a re-entry into Indian markets through routes like foreign venture capital funds and other avenues for round-tripping of funds. New Delhi: Securities and Exchange…
Tax taskforce will hunt rich targets abroad [like the Cayman Islands]
‘Shady’ tax dodging millionaires who stash their wealth offshore will face a government crackdown, Vince Cable* said today (24) Tax havens such as Monaco and the Cayman Islands are simply ‘sunny places for shady people’ he said in his speech…
