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Cayman Island's Days Numbered As Tax Haven

Category: Real estate, Posted:08 Nov 2009 | 09:04 am

Back of a dramatic drop in tourism and fallout from the ongoing global recession which has stripped out a considerably amount of the wealth of the worlds high net worth individuals, the Cayman Island's is now looking to tax income, property and corporations. Long one of preferred offshore tax havens by those shielding income and using the favorable legal structure to create a home base for private equity and trust entities; the country is currently running at a fiscal deficit.
At a time when the OECD us working hard to shut down overseas tax havens, much of the pressure is coming from Britain who has not insisted that any lending through the Commonwealth will only be forthcoming one direct taxation is put in place. For overseas financial firms who use the country as home base back of beneficial corporate tax and company arrangements, any significant changes could well lead to a sharp decline in revenues from this. It's very much a Catch 22 situation as once the country complies and implements the conditions it will no doubt lead to a demise of the finance industry and cause the countries worsening economic situation to further erode.

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Thailand Tourism Forum (TTF) 2023 Registration Opens

Category: Hotels|Tourism, Posted:13 Nov 2022 | 16:38 pm The 12th edition of the Thailand Tourism Forum 2023, organized by C9 Hotelworks has opened registration. Set for 16 January 2023 at the Conrad Bangkok the event is the largest annual hospitality gathering in the country. With an impressive set of speakers and quality content, TTF is a  live, in-person (no virtual option), ‘must-attend’  industry […]
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AWC Set to Snap Up Westin Siray Bay Resort Phuket

Category: Hotels, Posted:11 Nov 2022 | 08:06 am Thailand’s growing hospitality conglomerate AWC (Asset World Corporation) has made public plans to acquire the 257-key Westin Siray Bay Resort and Spa Phuket. It is also acquiring the Grand Mercure Windsor Bangkok which has 459-rooms The AWC Phuket portfolio already includes the Phuket Marriott Resort and Spa Nai Yang Beach and Courtyard by Marriott Phuket […]
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Banyan Tree Phuket Launching New Oceanview Branded Residences

Category: Real estate, Posted:10 Nov 2022 | 12:20 pm Phuket’s Banyan Tree is rolling out two new products under their Grand Residences estate. Ten premium oceanview villas are priced in the THB100-150 million range and 40 seaview condominiums with median pricing of THB85 million. Located within the Laguna Phuket integrated destination resort, the group is expected to bring more real estate products to the […]
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