The Cayman Islands Government will be sending a delegation to Washington, D.C. from 4-6 March in support of key public affairs objectives for the financial services sector.
The delegation, which will be led by Leader of Government Business Kurt Tibbetts, will include the Minster for International Financial Services Policy Alden McLaughlin, Financial Secretary Kenneth Jefferson, Attorney General Samuel Bulgin, and Cayman Islands Monetary Authority Chairman Carlyle McLaughlin.
The delegation will be supported and advised by Portfolio of Finance Public Relations Director Ted Bravakis as well as the Washington, D.C. team from Fleishman-Hillard, the Government’s global external public affairs counsellors in the financial services area.
Priorities for the visit include: meetings with Congressional representatives who are also members of committees with jurisdiction over legislation in taxation, financial services, trade and international cooperation; engagement with the US on key global topics including the G20 Summit, regulatory reforms, transparency and financial services innovation; and outreach to stakeholders and interest groups outside of the US government who share a mutual concern in ensuring US access to offshore in a responsible way.
‘Despite the current economic crisis and associated political positioning by various governments in areas of taxation and offshore, intelligence from external sources suggests that changes to US domestic tax and financial services policies on offshore are still fluid,’ said Mr. Tibbetts.