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Bermuda Signs a Double Taxation Agreement with the Kingdom of Bahrain
- By S Coward
- Published 23-Apr-10
- Banking/ Finance , Economy, Trade & Investment
- Unrated
Hamilton, Bermuda--April 23, 2010 -- Bermuda yesterday signed a Double Taxation Agreement (DTA) with the Kingdom
of Bahrain. This double taxation agreement marks the first full DTA signed by
Bermuda.
Turks & Caicos: Liquidators (TCI Bank) Press Conference
- By S Coward
- Published 15-Apr-10
- Banking/ Finance
- Unrated
Turks and Caicos Island Bank - Statement from the Governor
- By S Coward
- Published 12-Apr-10
- Banking/ Finance
- Unrated
April 12, 2010 -- TURKS AND CAICOS - His Excellency the Gov. Gordon Wetherell: As most people will now know, the Financial Services Commission (FSC) was yesterday granted an Order by the Supreme Court of the Turks and Caicos Islands, for the appointment of a provisional liquidator for the Turks and Caicos Islands Bank...
Communiqué of the 66th Meeting of the ECCB Monetary Council, 5 March 2010
- By S Coward
- Published 10-Mar-10
- Banking/ Finance
- Unrated
March 10, 2010 -- The Sixty-sixth meeting of the Monetary Council of
the Eastern Caribbean Central Bank (ECCB) was held at the ECCB
headquarters in St Kitts and Nevis on 5 March 2010 under the
chairmanship of Dr the Honourable Denzil Douglas, Prime Minister and
Minister of Finance, St Kitts and Nevis.
Jamaica Receives $2.2 Billion Budgetary Support from EU
- By S Coward
- Published 24-Feb-10
- Banking/ Finance
- Unrated
Kingston -- Feb. 24, 2010 -- A sum of Euro17 million (J$2.2 billion) is to be injected into the Consolidated Fund early in the new fiscal year, to provide budgetary support, as a result of the fall-out in the bauxite/alumina sector, that has severely impacted the economy.
2009 Eastern Caribbean Currency Union Economic Review By Governor Eastern Caribbean Central Bank
- By S Coward
- Published 01-Feb-10
- Banking/ Finance
- Unrated
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Feb. 1, 2010 -- The beginning of 2009 was marked by the intensification of what has been called, the most significant disruption of the financial and economic systems in the advanced economies since the Great Depression.
Turks & Caicos Islands removed from G20 ‘grey list’
- By S Coward
- Published 21-Dec-09
- Banking/ Finance
- Unrated
Dec. 21, 2009-- Financial services are set for a welcome boost after the Islands were
finally removed from an international ‘grey list’ of countries which
fail to comply with global tax transparency standards.
Governor Alistair Harrison's Speech To The Anguilla Financial Services Industry
- By S Coward
- Published 21-Nov-09
- Banking/ Finance , Financial Crisis/ Recession
- Unrated
Nov. 21, 2009 -- The issues for Anguilla are easy to summarise - the
massive downturn in our tourist industry, and other consequences of the
recession; the much greater attention paid to so-called "tax havens" by the G20...the game has changed, is still
changing, and will change still further.
Moody's Investors Downgrades Jamaica's Currency Bonds
- By S Coward
- Published 19-Nov-09
- Banking/ Finance
- Unrated
Kingston -- Nov. 19, 2009 -- Claiming Jamaica appears close to defaulting on its debts, ratings agency Moody's Investors has downgraded the country's local and foreign currency bonds from B2 to Caa1 with a negative outlook.
Foreign Direct Investment to Region to Drop Sharply in 2009, After Record High Levels in 2008
- By S Coward
- Published 27-May-09
- Banking/ Finance
- Unrated
May 27, 2009 -- Foreign Direct Investment (FDI) flows to Latin America and the
Caribbean in 2008 reached US$128.3 billion, a historical record,
considering the current economic difficulties, states the ECLAC report Foreign Direct Investment in Latin America and the Caribbean 2008 presented today by Commission Executive Secretary Alicia Bárcena.
An Open Letter to President Obama From the Cayman Islands Financial Services Association
- By S Coward
- Published 12-May-09
- Banking/ Finance
-
Rating:
The following is an open letter to President Obama from the Cayman Islands Financial Services Association: May 5, 2009
Dear President Obama:
We are pleased with your announcement that
Stop Tax Haven Abuse Act - Link to Document on US Government Website
- By S Coward
- Published 06-Mar-09
- Banking/ Finance , Legal
- Unrated
INITIAL LIST OF OFFSHORE SECRECY JURISDICTIONS- For purposes of this paragraph, each of the following foreign jurisdictions, which have been previously and publicly identified by the Internal Revenue Service as secrecy jurisdictions in Federal court proceedings, shall be deemed listed by the Secretary as an offshore secrecy jurisdiction unless delisted by the Secretary under subparagraph (F)(ii): (i) Anguilla, (ii) Antigua and Barbuda, (iii) Aruba, (iv) Bahamas, (v) Barbados, (vi) Belize (vii) Bermuda (viii) British Virgin Islands (ix) Cayman Islands. (x) Cook Islands. (xi) Costa Rica. (xii) Cyprus. (xiii) Dominica. (xiv) Gibraltar. (xv) Grenada. (xvi) Guernsey/Sark/Alderney. (xvii) Hong Kong. (xviii) Isle of Man. (xix) Jersey. (xx) Latvia. (xxi) Liechtenstein. (xxii) Luxembourg. (xxiii) Malta. (xxiv) Nauru. (xxv) Netherlands Antilles. (xxvi) Panama. (xxvii) Samoa. (xxviii) St. Kitts and Nevis. (xxix) St. Lucia. (xxx) St. Vincent and the Grenadines. (xxxi) Singapore. (xxxii) Switzerland. (xxxiii) Turks and Caicos. (xxxiv) Vanuatu.
Levin's "Stop Tax Haven Abuse" Bill Could Slash Cayman Business Says Opposition
- By S Coward
- Published 06-Mar-09
- Banking/ Finance
- Unrated
Cayman -- March 6, 2009 - The publication of US Senator Carl Levin’s proposed bill Stop Tax Haven Abuse could
spell a severe contraction of the offshore business in the Cayman
Islands the Leader of the Opposition McKeeva Bush has warned.
Belize: Superbond 2.0: The Deal Is Sealed
- By S Coward
- Published 10-Mar-13
- Banking/ Finance
- Unrated
March 10, 2013 -- A release posted held an hour ago on the Central Bank of Belize
Website announced that Superbond 2.0 has been fully subscribed. That
means the deal to renegotiate this huge chunk of Belize debt is now
complete, all the bondholders have subscribed to the terms of the bond.
Barbados: Sinckler: Moody’s Downgrade Mirrors S&P’s
- By S Coward
- Published 23-Dec-12
- Banking/ Finance
- Unrated
Bridgetown - Dec. 23, 2012 - "The most recent ratings downgrade by Moody's Investors
Service comes as no surprise to us in the Ministry of Finance or in the
Government, as a whole." This was the immediate reaction of Minister of
Finance, Christopher Sinckler, today to the news that Barbados' credit
rating status was reduced by Moody's.