News
Could the VI be following in Cayman Islands footsteps?
ROAD TOWN, Tortola, VI – The National Democratic Party (NDP) Government’s alleged continued breach of the Protocols for Effective Financial Management could potentially lead the Territory down a similar path as that of the Cayman Islands, according to members of the opposition Virgin Islands Party (VIP).
Local designer ecstatic at US magazine feature
ROAD TOWN, Tortola, VI – Local entrepreneur and fashion designer, Kristin C. Frazer, has expressed that she is ecstatic about being featured in the upcoming edition of fashion magazine, Marie Claire.
Alden McLaughlin is next CI premier
Cayman News Network
With the PPM taking four seats in both George Town and Bodden Town, and Moses Kirkconnell being returned in the Sister Islands, the PPM will be able to form the next government with Alden McLaughlin at the helm.
Hedge Fund Firm Wants to Block Cayman Transparency Reforms
(HISPANIC BUSINESS)- One of the largest hedge fund services firms in the Cayman Islands is attempting to block reforms that would make the world's principal offshore location for hedge funds more transparent.
Chancellor warns British tax havens to comply with international tax laws or lose Crown dependency status
By This Is Money
British Crown dependencies, such as the Cayman Islands and British Virgin Islands, are in line for a tax clampdown.
VI & Cayman To Enter Into FATCA Model 1 Agreements With United States
By Jonathan Culshaw, Ross Munro & Peter RN Tarn
(MONDAQ)- The US Foreign Account Tax Compliance Act, commonly referred to as FATCA, became effective earlier this year, and foreign financial institutions ("FFIs") in every jurisdiction, including in the British Virgin Islands ("BVI") and the Cayman Islands, will be required to make certain reports to the US Internal Revenue Services (the "US IRS").
ICIJ report suspicious; attack on local economy – Cromwell Smith
ROAD TOWN, Tortola, VI – Talk show host, Cromwell Smith aka Edju En Ka has come out swinging in defence of the integrity of the Virgin Islands Financial Services sector, describing the recent heat on the Territory as a suspicious attack on the economy.
Juliana O’Connor-Connolly Named New Premier of Cayman Islands
By the Caribbean Journal
Juliana O’Connor-Connolly has been named the new Premier of the Cayman Islands, according to a statement from Governor Duncan Taylor.
UPDATE: Cayman Premier- “I Have Done Nothing Wrong and I Shall Not Be Resigning”
By the Caribbean Journal
Cayman Premier McKeeva Bush has issued his first public statement since his arrest Tuesday on suspicions of corruption, maintaining his innocence and vowing not to yield to increasing public pressure to step down.
Protocols need renegotiating – 3D Show caller
ROAD TOWN, Tortola, VI – One caller to the 3D Talk Show aired on a local radio station on October 26, 2012 believes that it was wrong for Hon. Mark Simmonds MP, to say that the protocols for Effective Financial Management should not be renegotiated.
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