State Insurance Superintendent Eric S. Dinallo warned insurers, brokers and agents to make sure they comply with federal rules intended to prevent money laundering and other illegal transactions.
Recent press reports suggest Cayman is at the eye of a storm. To take an article from the UK’s Daily Telegraph of 28 May 2009 as an example1, it reported:
NEW YORK/ZURICH, July 6 (Reuters) – UBS said it is still committed to its U.S. brokerage business, after the Financial Times on Sunday reported the chief executive now favoured a management shake up instead of a sale.
ZURICH (Dow Jones)–U.S.-based Bank of America Corp. (BAC) knocked Switzerland’s UBS AG (UBS) off the top spot as the world’s largest private-banking group, while the industry which manages the wealthy’s funds saw assets shrink by an estimated $2.9 trillion last year, according to an expert study presented Monday.
ZURICH (Reuters) – Swiss banks including ZKB and Mirabaud are pulling out of business with individuals who pay U.S. taxes, newspaper Neue Zuercher Zeitung (NZZ) reported on Saturday.
Governments are being urged to shake up the way tax havens operate before the next G20 meeting later this summer, writes Neasa MacErlean
SAN JUAN, Puerto Rico – Bermuda has agreed to share tax information with Germany in another bid to distance itself from its tax haven status.
Sun, sea and NO taxes – what’s not to like? But the Cayman Islands has been attacked for being a centre of tax evasion. Business Daily talks to the head of its financial industry who argues it’s been unfairly targeted. Also, the yoghurt factory in Bangladesh that’s not intended to make a profit. Find out why…
In a bid to remove Gibraltar’s ‘tax haven’ image, Peter Caruana, chief minister of Gibraltar, recently announced the introduction of a corporate tax rate of 10% for both international and domestic companies within Gibraltar. But how will the attitudes of many businesses in Gibraltar change as a result of a prospective tax hike?
ZIMBABWE- HARARE – Zimbabwe’s political, social and economic has created massive wealth and opportunities for the people who deliberately devised ruinous policies. The leading beneficiaries are non other than Robert Mugabe and his personal Banker Gideon Gono.
There was an awfully genteel protest organised by the Tax Justice Network in Jersey earlier this year. The TJN had joined up with a group of Jersey campaigners who would like the island to wean itself off its dependence on the more creative aspects of modern finance. Christian Aid have estimated that Southern countries lose at least $160 billion every year in unpaid taxes as a result of dodgy accounting by corporations operating on their territory. According to the OECD, there is $5 trillion (or more) parked in offshore tax havens, beyond the reach of impertinent governments and their demanding citizen bodies.
Peer Steinbrück is back on the verbal warpath. This week’s target is a returning guest — Britain. The alleged offense at 10 Downing Street: torpedoing efforts at EU financial reform to keep London bankers happy.
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
Half of the world's trade passes through tax havens. Right now, they are hiding billions ...
This video shows a discussion about beneficial ownership from the Task Force 2011 Conference in ...
WASHINGTON DC – South Africa announced today that it has joined the Partnership Panel of ...
February 10, 2012
LONDON - Forest dependent communities are still in the dark about how their forests are ...
February 9, 2012
WASHINGTON, DC – Global Financial Integrity (GFI) today applauded the introduction of a bill, which ...
February 7, 2012
Standing at the pump, watching the numbers tick away, do you ever wonder where the ...
February 10, 2012
The yawning gap between the transparency rhetoric of companies and the reality of their actions ...
February 10, 2012
In his State of the Union address less than a month ago President Obama brought ...
February 10, 2012
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