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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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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]