Credit Suisse, US ‘in tax probe payment talks’
From Taipei Times Credit Suisse Group AG is in talks with the US Department of Justice (DOJ) to pay as much as US$1.6 billion to resolve an investigation into the bank’s role in helping US citizens evade taxes, a person…
On 2013, an extraordinary year for offshore tax enforcement
By Dan Reeves From OffshoreAlert There was a time when offshore financial secrecy laws were ironclad and impenetrable. Some used those laws to engage in legitimate financial activities directed at investing, increasing wealth and facilitating international trade, but many others…
iNews Briefs
Cayman bank refuses to process former FIFA VP’s payments According to a report by the UK’s Daily Telegraph, former FIFA Vice-President, Jack Warner, is alleged to have been personally paid approx. $1.2M by a firm controlled by a former Qatari…
UBS weighs operators’ exposure in a big Caribbean capacity-hike year
From Seatrade Insider Although cruising’s 2014 capacity increase of 3% to 4% is below average, deployment changes are pushing up Caribbean market supply 12% to 13%, according to UBS Investment Research. The three major cruise operators are all adding Caribbean…
