HMRC clampdown on offshore trusts might lead to jail, tax adviser warns
From International Adviser UK residents who have access to money through offshore trusts are being advised to check that their arrangements are still within the current tax laws following HMRC’s recently announced swoop on trusts that are being used to…
Royal Caribbean to expand short cruises from Florida [with stops in Cayman]
Royal Caribbean will have five ships sailing short Caribbean and Bahamas cruises out of Florida in 2014 — one more than this year. The lines says the 1,998-passenger Vision of the Seas will join the 3,634-passenger Liberty of the Seas…
O2Micro Reports First Quarter 2013 Financial Results
GEORGE TOWN, Grand Cayman, May 1, 2013 (GLOBE NEWSWIRE) — O(2) Micro(R) International Limited (Nasdaq:OIIM), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, reported its financial results today for the first quarter of…
Billionaire’s decades of profits spirited away [to Cayman?]
By Mark Baker, Editor-at-Large, The Age – From The Sydney Morning Herald Glamorous property deals and harbourside mansions reaped nothing for the taxpayer. One of Asia’s richest tycoons has avoided tax on tens of millions of dollars in profits from…
Managing Partners suspends redemptions to life policy fund
From Products By: Helen Burggraf – International Adviser Managing Partners Ltd, a Cayman Islands-registered asset manager, has revealed that it “imposed a redemption gate” on its Traded Policies Fund last month, becoming the latest traded life policy fund manager to…
More questions for 1MDB
By P Gunasegaram, malaysiakini QUESTION TIME So far, strategic development company, 1Malaysia Development Bhd or 1MDB has released two statement which attempt to answer many questions raised in two series of articles in KiniBiz and reports in other publications, as…
Why US companies are drooling over Israel’s amazing startup scene
Julie Bort, provided by Business Insider from San Francisco Chronicle U.S. companies and investors are falling over themselves to get a piece of Israel’s startup action these days. There are at least two dozen accelerator programs in the Tel Aviv…
Former MLA and founding UDP member found guilty of theft
Lyndon Leathan Martin (42), was found guilty of stealing $926 from the Parent Teachers Association (PTA) of the Creek and Spot Bay Primary School at a fundraising food sale in 2011. In Summary Court on Cayman Brac, Martin was found…
David Cameron urges EU crackdown on tax evasion
By Bruno Waterfield, Brussels From UK Daily Telegraph David Cameron has written to European Union leaders demanding measures to tackle “staggering” levels of tax evasion that are damaging the revenues of governments at time of economic recession. In the letter,…
3SBio Inc. announces Extraordinary General Meeting of Shareholders
SHENYANG, China, May 2, 2013 — /PRNewswire/ — 3SBio Inc. (NASDAQ: SSRX) (“3SBio” or the “Company”), a leading China-based biotechnology company focused on researching, developing, manufacturing, and marketing biopharmaceutical products, today announced that its extraordinary general meeting of shareholders (the…
