Glasgow drops down finance league Sep 22, 2009
But the latest rankings see it lag behind the Cayman Islands, the Isle of Man, Taipei and Dublin. The Irish capital has also taken a tumble 13 places down the table. (BBC News -- UK)
Lehman Monday Morning Reveals Lesson Lost With Obama as Regulator-in-Chief Sep 11, 2009
Goldman Sachs also has international reach, with more than 900 subsidiaries in places including the Cayman Islands, Mauritius, Panama and Liberia, according to an SEC filing for the year 2008. Restoring Discipline. (Bloomberg)
Click to read:Public or Co-op? Comparing Health Options Aug 18, 2009
America is now the land of "Let'Em'Die. The new American dream, too many of us, so, make sure that you simply let nature take it's course for poorer Americans. When they inevitably get sick or injured, we just let them die. Less Americans, the more for everybody else. We're in a time of decline, less resources. it seems reasonable to thin the herd. 'Course no one will actually have to get their hands messy. Just don't allow poorer Americans medical care. Well, by golly, it seems that this may be... (CBS News)
U.S.-Swiss Tax Deal Throws Scare into Rich Aug 16, 2009
Levin's initial list of 34 countries and other jurisdictions would include Switzerland, the Cayman Islands, Bermuda, the Bahamas, Hong Kong and Panama. "We should have put a clampdown on these tax havens a long time ago," he said in an interview. (CBS News)
U.S.-Panama trade deal may test Obama goals Jul 31, 2009
Unwelcome attention amid the crisis atmosphere prompted several countries that had been identified as tax havens, such as the Cayman Islands, to sign information-sharing agreements with other countries. Panama thus far has done little in response to the growing international clamor. (USA Today -- Money)
Charlemagne: Battle of the big beasts Jul 24, 2009
The British sniff protectionism in French demands for a total ban on non-EU funds selling to Europeans when those funds are based in spots with lighter regulation and taxation, such as the Cayman Islands. How much does this mutual suspicion matter, sophisticates might ask. (The Economist)
China Discovery Acquisition Corp. Announces Shareholder Approval and Closing of Its Transaction With HeNan Smart Food Company Limited Jun 27, 2009
China Discovery Acquisition Corp., a Cayman Islands company, is a special purpose acquisition company formed for the purpose of acquiring an operating business having its primary business operations in the People's Republic of China. China Discovery consummated its initial public offering on June 26, 2007 and generated aggregate gross proceeds of $35,750,000 (which includes $1,250,000 in proceeds from a private placement of units and warrants consummated simultaneously with the initial public... (PR Newswire)
STEP AWAY FROM YOUR COMPUTER! May 31, 2009
Well the private sector failed, the hedge fund investors, with their top secret and totally deregulated headquarters in the Cayman Islands failed and odds are ten to one that the hedge fund investors sucked tons of money out of its GM investments, bonds and stock, and made a ton of money doing so, leaving the taxpayers and the GM employees to pick up the tab when they sucked the company dry, leaving a corpse. You forget, in a PUBLIC company, those who hold the majority of the stock, have a... (Atlanta Journal-Constitution -- Opinion)
Two held over hedge fund failure May 16, 2009
Weavering Capital (UK) Limited, an investment advisor to Weavering Macro Fixed Income Fund Limited, based on the Cayman Islands, collapsed in March. Bookmark with. (BBC News -- UK)
Obama's tax haven crackdown May 6, 2009
News Corporation has used complex structures involving subsidiaries in the Cayman Islands, and Westfield and the Lowy family were cited as a case study during a congressional inquiry into the use of tax havens in Lichtenstein last year. The move by the US to crack down on the use of tax havens is likely to embolden other countries to take action; Britain has already announced changes as part of the Group of 20 initiatives. (Sydney Morning Herald -- Business)
Political Grapevine May 6, 2009
President Obama unveiled a plantoday to eliminate certain tax deductions for companies and consider United States citizens who use tax havens such as the Bahamas and the Cayman Islands guilty of tax law violations. The President said the plan would help to create U.S. jobs as well as help to generate $210 billion in new. (Fox News)
Budget could bring tax rises as A... Apr 6, 2009
He will also tell British Overseas Territories, such as Bermuda, the Cayman Islands, the Turks & Caicos Islands, Gibraltar, the British Virgin Islands and Anguilla, to implement their pledges to commit themselves to new international standards. Some appear on the Organisation for Economic Cooperation and Development s grey list of jurisdictions that have so far not made good their promises. (New York Post -- Business)
Once-safe tax havens feeling international heat Mar 30, 2009
With governments around the world straining to pay for bailouts and fiscal stimulus, some 35 or so offshore tax havens from Britain's Channel Islands Jersey and Guernsey to the Cayman Islands in the Caribbean are under increasing pressure to let in more light. One by one, they're caving in. (MSNBC -- Business)
Senate panel to ask Swiss bank's U.S. clients Mar 4, 2009
It's unclear how many Americans have money in UBS' Swiss banks, let alone other banks in other popular tax havens, such as the Cayman Islands, according to Levin aides. The company said in July it had about 19,000 U.S. clients with $18 billion in assets. (Insight on the News)
* Brown to spearhead global crackdown against tax havens Feb 20, 2009
A worldwide crackdown on tax havens, from Switzerland to the Cayman Islands, will be spearheaded by British Prime Minister Gordon Brown as the worlds richest nations use the global economic downturn to close loopholes that are costing them hundreds of billions in lost revenues ... But it is understood that he is taking a particular interest in Switzerland, while US President Barack Obama singled out the Cayman Islands during the US presidential election campaign ... Obama made clear during the... (Taipei Times, Taiwan -- World)
