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The Caribbean's Air Tax Problem

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Turks and Caicos “Open for Business” After Melissa

 turks and caicos

The Turks and Caicos Islands are once again fully open for business following the passage of Tropical Storm conditions from Hurricane Melissa. Experience Turks and Caicos, the destination’s exclusive tourism authority, confirmed that operations have resumed smoothly across all islands. Government officials issued an All-Clear notice, allowing for the full reopening of businesses, resorts, and […]

tax

Cayman Islands, Colombia to Sign Tax Information Agreement

Above: the Cayman Islands (CJ Photo) By the Caribbean Journal staff The Cayman Islands and Colombia will sign a tax information exchange agreement on July 1, the government announced. The TIEA will “be in accordance with global regulatory standards.” The agreement will be the 36th signed by the Cayman Islands, and the British Overseas Territory’s […]

tax

Antigua Changes Income Tax Rates

Above: Antigua (CJ Photo) By the Caribbean Journal staff Antigua has modified its income tax structure, with a series of reductions, according to Finance Minister Harold Lovell. The biggest change will see the personal allowance for computing income tax increase from EC $3,000 per month to $3,500 per month. Lovell said that would mean more […]

tax

Grenada Tourism Minister: British APD "Keeping Families Apart"

Above: Grenada By the Caribbean Journal staff The Air Passenger Duty on flights originating in the United Kingdom continues to rise, despite significant opposition from the Caribbean region and the UK tourism industry. Following the announcement by British Chancellor of the Exchequer George Osborne that the APD would increase again, Grenada Tourism Minister Alexandra Otway-Noel […]

Antigua Changes Income Tax Rates

 Above: the US Treasury Department in Washington By the Caribbean Journal staff The Cayman Islands and the United States have signed an agreement that will pave the way for the automatic exchange of tax information under the US’ FATCA law. Cayman has signed a so-called Model 1 Intergovernmental Agreement, meaning financial institutions in Cayman can […]

Cayman Islands, Malta Sign Tax Information Exchange Agreement

Above: Cayman By the Caribbean Journal staff The Cayman Islands has signed a tax information exchange agreement with the Republic of Malta. The two sides completed the TIEA this week ahead of the Joint Ministerial Conference meeting of British Overseas Territories in London. Cayman Financial Services Minister Wayne Panton and Malta’s Finance Minister, Professor Edward […]

Cayman, Poland Sign Tax Agreement

By the Caribbean Journal staff The Cayman Islands and Poland signed a Tax Information Exchange Agreement on Friday. Cayman’s Minister of Financial Services, Wayne Panton and Poland’s Ambassador, Witold Sobkow, signed on behalf of their respective governments. The deal was signed in London during the Joint Ministerial Council of Overseas Territories of the United Kingdom. […]

UK's David Cameron Talks Tax With Cayman Islands Officials

Above: UK Prime Minister David Cameron By the Caribbean Journal staff United Kingdom Prime Minister David Cameron met Saturday with Cayman Islands officials on the issue of “tax, trade and transparency” in London. In a statement, Cayman’s government called the talks a “very constructive exchange of views on the practical steps needed to tackle the […]

Op-Ed: Truth, Lies, Tax and Cayman

By Gonzalo Jalles Op-Ed Contributor IT IS NO SURPRISE that the United Kingdom’s Guardian newspaper has once again attacked the Cayman Islands and other Overseas Territories. What does come as a surprise is when the article is written by a highly respected former editor of The Times and displays a lamentable lack of understanding about […]

Cayman Joining G5 Multilateral Tax Information Exchange Pilot

Above: Georgetown (CJ Photo) By the Caribbean Journal staff The Cayman Islands has committed to joining a recently-announced pilot on multilateral automatic exchange of tax information. Cayman expressed its interest in the pilot, which was recently announced by the United Kingdom, France, Germany, Italy and Spain, in a letter to UK Prime Minister David Cameron […]

Op-Ed: Why Jeffrey Sachs is Wrong on the Cayman Islands

By Gonzalo Jalles Op-Ed Contributor COLUMBIA UNIVERSITY’S finest, Professor Jeffrey D Sachs, has exploded into print for the second time in a week with yet another withering condemnation of The Cayman Islands.  His preferred medium is, once again, the London-based Financial Times. Last week, I criticized an article by Professor Sachs which appeared in the […]

Cayman Signs Tax Agreement With Italy

Above: the Cayman Islands Legislative Assembly (CJ Photo) By the Caribbean Journal staff The Cayman Islands and Italy signed a tax information exchange agreement on Monday. “We are pleased to see this tax information exchange agreement come to fruition, and we note that Italy is in the final of the G7 countries to have a […]