TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

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.

Other News

Read more

Phuket’s Massive Bangtao Property Surge Set to Reset Destination

Category: Hotels|Real estate|Tourism, Posted:05 Nov 2023 | 11:08 am Phuket’s once-quiet beachside west coast community of Bangtao is experiencing an unparalleled surge in real estate development. According to new research from C9 Hotelworks, there are currently 7,842 condominium units (click to see upcoming project map). Added to the supply influx are just over 2,400 upscale and luxury homes, which equate to a pipeline of […]
Read more

New C9 Hotelworks Research Report on Hakuba, Japan Tourism and Property Market

Category: Real estate|Tourism, Posted:02 Nov 2023 | 15:19 pm C9 Hotelworks has released an exciting new market research report Habuba Tourism and Property Market Review. Hakuba, renowned for being part of the 1998 Nagano Winter Olympics, has evolved from a seasonal Australian-focused skiing destination into a year-round getaway.   It is located within a three-hour drive from Tokyo. The valley has witnessed increasing development, attracting […]
Read more

Tourism recovery and branded residences top C9 Hotelworks new Niseko market report

Category: Hotels|Tourism, Posted:31 Oct 2023 | 11:29 am C9 Hotelworks new Niseko Tourism and Property Review has just been released and shows a flight to brands. The report highlights that 74% of pipeline projects are branded. In the wake of Niseko’s official border reopening in October 2022, the area has witnessed a substantial influx of visitors, reaching 2.6 million in YTD2023. This represents […]
SiaJai logo

Thailand's Leading Homecare Marketplace