A college student from Georgia has been sentenced to four months in a Cayman Islands prison after she broke a strict 14-day quarantine rule to attend her boyfriend’s jet-skiing competition. Skylar Mack, a pre-med student, was supposed to undergo a government-mandated quarantine period upon her arrival on November 27. However, […]
For those with a salary of at least $US100,000 a year (or $US150,000 for married couples and domestic partnerships) the Cayman Islands is willing to grant a certificate to work there for two years. In order to apply, workers must submit proof of health insurance, a criminal background check, a […]
From Barbados to Barcelona, countries have designed visa programs to entice remote workers. The application process often entails providing proof of income and health insurance. The CDC warns that “travel increases your chance of getting and spreading COVID-19.” Visit Insider’s homepage for more stories. People around the world are dreaming […]
A dispute involving a Saudi-Arabian business empire ended after the judge ruled it was complicit in defrauding more than 100 banks for billions of dollars. Liquidators called it “the largest Ponzi scheme the world has ever seen,” and the judge labelled it a “cauldron of corruption.” The verdict ended the […]
VIDEO: Paul Allen's yacht allegedly did some serious damage to a coral reef in the Cayman Islands, according to the Cayman News Service.
Someone went on a tax haven document dive...
[credit provider=”Shutterstock.com” url=”Ruth%20Peterkin%20/%20Shutterstock.com”] The Cayman Islands has seen a rise in foreign workers despite increasing levies they pay and announcing plans to lift the lid on the tax haven.The British overseas territory saw its number of foreign workers increase from 19,927 at the end of 2011 to hit almost 21,000 […]
[credit provider=”Andres Nordgreen Fierro”] Accounts filed by Facebook Ireland this week show that the social media giant funneled £440m into an Irish sister company in 2011, which then shifted the money into a subsidiary in the Cayman Islands.The move forms part of a complex tax structure known as a “Double […]
[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:Grand_Cayman_Island.jpg”] Cayman Islands Prime Minister McKeeva Bush was arrested on Tuesday on suspicion of financial irregularities and importing explosives without a permit, police on the British overseas territory said.
[credit provider=”Courtesy Banyan Tree”] Everyone and everything took a hit when the market crashed in 2008, that includes the folks who set up companies in places like the Cayman Islands, the British Virgin Islands and Seychelles.So if we’re going to get a full picture of the global country, we’ve got […]
[preserve] [/preserve] [credit provider=”AP / Charles Dharapak”] With the documents Mitt Romney released recently, we know a bit more about his taxes.We know, for instance, that Romney paid a rate of 14.1 per cent on $13.7 million in income on his 2011 tax return, which he achieved by purposely overpaying. […]
[credit provider=”Andres Nordgreen Fierro”] Unless you’ve been in a coma, you have certainly heard about Mitt Romney’s release of his 2011 tax returns last Friday. You no doubt know that he and his wife did not claim all the charitable tax deductions they were due, so their tax rate would not go […]
KINGSTON, Jamaica (AP) — The Cayman Islands is scrapping a plan to impose a direct income tax on thousands of expatriates working in the British Caribbean territory that is famed as a no-tax financial centre.
[credit provider=”Andres Nordgreen Fierro”] The Cayman Islands—a long time haven for many financial firms because of its lax tax codes—has recently made some news as a hub where presidential hopeful Mitt Romney has invested millions of his personal funds. The area has long been known as an offshore financial centre. As […]
These days it’s hard to be surprised by anything: Each new day seems to bring news of additional bank malfeasance, a foreclosure scandal, another indicator that our politicians lack a sense of moral decency, and further evidence that no one in the public eye suffers from an old fashioned sense […]