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Cayman Finance News

 

Below are the most recent articles and news releases published by the Cayman Islands Financial Services Association. For broader international news coverage of the finance industry please choose Industry News from the main menu.  Past articles are available through the Archive section of the website.

 

Channel 4 – cliché and class prejudice

Thu - 21 Oct 10 Written by Jack Irvine
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Channel 4’s Dispatches documentary, “How the rich beat the taxman,” plumbed new depths in cliché ridden journalism and the recycling of hoary old myths.

When a director is reduced to showing long lingering shots of his reporter doodling at his keyboard, you know immediately they don’t have many moving pictures to show the viewer.  This is doubly embarrassing as the reporter in question is Antony Barnett, an investigative reporter with a solid track record in print journalism. (That’s the medium where words matter more than pictures.)

Barnett relies heavily throughout the entire documentary on the opinions of Richard Murphy and John Christensen – the leading lights, correction -the only lights, in the Tax Justice Network. This organisation, however, is not the major institution it appears to be. Google Streetview reveals that TJN’s global HQ is nothing more than a semi-detached house in Chesham, Buckinghamshire.  More fool Dispatches for giving them so much prominence.

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Cayman Finance response to Guardian.co.uk article

Sun - 03 Oct 10 Written by Anthony Travers
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The following is a response from Cayman Finance to an article that appeared in guardian.co.uk on 27 September 2010.   The original article is listed under this response

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Cayman No. 1 specialised financial centre

Thu - 09 Sep 10 Written by Cayman Finance
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The Banker’s 2010 IFC ratings place the Cayman Islands first for specialised financial centres

London, September 9, 2010: The leading banking and finance magazine, The Banker, has named the Cayman Islands as the top specialised financial centre for the second year running in its 2010 IFC Rankings released this month.

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Teterboro talk: Dissolution plan has supporters and opponents Cayman Finance responds to another erroneous comparison showing Cayman in a negative light.

Tue - 07 Sep 10 Written by MARK J. BONAMO
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NORTH JERSEY COMMUNITY NEWSPAPERS

Teterboro could be the poster child for reducing the number of New Jersey's 566 municipalities. But at an Aug. 18 public forum at the Bergen Academies in Hackensack to discuss proposed legislation that would dissolve the 1.1-square-mile borough held by the state legislators who backed bills that would wipe Teterboro off the map, more than 150 supporters and opponents of the plan debated Teterboro's fate, citing jobs, ratables and a regional tax-sharing program as their primary concerns.

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Cayman Finance responds to a blogger from Rhode Island who clearly misunderstands the nature of tax competition

Mon - 06 Sep 10 Written by Cayman Finance
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We can boycott MLB too

I was surprised to read that the Hispanic baseball All Star Players would boycott the All Star Game if it is held next year in Arizona. I was also surprised that the players union has already condemned the law cracking down on illegal aliens in that state, saying that if it is not repealed or modified, additional steps would be considered.

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