Michael Klein, Photo-Journalist
Michael Klein, Photo-Journalist

Michael Klein

Editor

Pinnacle Media Group Ltd
PO Box 1365 GT
Grand Cayman KY1-1108

T: 345-815-0064
E: [email protected]

ARTICLES BY MICHAEL KLEIN

Journalists and offshore representatives clash at OffshoreAlert conference

The fight between offshore law firm Appleby and the International Consortium of Investigative Journalists over the publication of the firm’s client data in the international press continued at the annual OffshoreAlert conference.

Report: Cayman still top center for offshore business deals

The Cayman Islands remained the main jurisdiction for offshore mergers and acquisitions in 2017.

UK government tackles tax avoidance involving profit fragmentation

The U.K. government has launched a public consultation on plans to tackle tax avoidance arrangements that designate earnings of U.K. residents to trusts and companies in low or no tax jurisdictions.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Hedge funds decline for second consecutive month

Hedge funds recorded a second consecutive month of losses as the Eurekahedge Hedge Fund Index declined 0.51 percent in March.

Cayman Enterprise City grows estimated economic impact

Cayman Enterprise City, Cayman’s special economic zone, reported an economic impact of US$41.56 million for the year 2017.

UK Treasury Select Committee announces new offshore tax inquiry

The House of Commons Treasury Select Committee has announced several tax inquiries to assess the progress made by Her Majesty’s Revenue and Customs in tackling offshore tax evasion and in discouraging the use of tax avoidance schemes.

Butterfield completes its acquisition of Deutsche Bank Global Trust Solutions

Butterfield has completed the acquisition of Deutsche Bank’s Global Trust Solutions business outside of the United States. The GTS portfolio consists of some 1,000 trust structures for approximately 900 clients.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

FirstCaribbean files proposed initial public offering in the US

FirstCaribbean International Bank Limited has filed a registration statement with the United States Securities and Exchange Commission for a proposed initial public offering in the United States of FCIB’s common shares.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

IRS to end offshore volunatry disclosure program

The Internal Revenue Service will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Consumer prices increased by 1.9 percent from 2016 to 2017

Average prices in the Cayman Islands went up by 1.9 percent last year, according to the consumer price index for 2017. The latest CPI report by the Economics and Statistics Office shows that prices increased in all four quarters ranging from 1.4 percent to 2.8 percent.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

Ministry updates financial services industry on EU graylist commitments

The Ministry of Financial Services met with members of Cayman’s financial services industry associations to discuss several commitments made to the European Union Code of Conduct Group for Business Taxation (EU COCG) as part of its evaluation of jurisdictions for tax purposes.

Scotiabank consolidates branches, goes digital

Scotiabank and Trust (Cayman) is closing its George Town and Strand locations and will open a new digital branch at Camana Bay on April 16.

CUC grows annual operating income but net earnings down

Caribbean Utilities Company reported a $500,000 increase in its operating income for the full financial year 2017.
Cayman Compass is the Cayman Islands' most trusted news website. We provide you with the latest breaking news from the Cayman Islands, as well as other parts of the Caribbean.

OECD warns citizenship by investment programs used to circumvent taxes

The Organization for Economic Cooperation and Development has issued a consultation document that warned of the potential abuse of “residence by investment” or “citizenship by investment” schemes.

Alternative Investment Summit: Danica Patrick – driven to succeed

Calling a racing driver “driven” may appear to be a bad play on words, but the only other accurate description of Danica Patrick, at least as far as one could tell from her interview at the Cayman Alternative Investment Forum last week, would be the title of her latest book, a 90-day workout and nutrition plan: “Pretty Intense."

Alternative Investment Summit: Fresh Prince rocks the Kimpton

An interview session with Hollywood star Will Smith at the Cayman Alternative Investment Summit took an unexpected turn Friday when the actor, accompanied by UCCI’s steel pan band Pandemix, rapped the theme song from his 1980’s TV hit show “The Fresh Prince of Bel Air.”

Alternative Investment Summit: Robot revolution far from Hollywood

We should not expect artificial intelligence to take the form of human-like robots conceived by Hollywood movies like “Ex Machina,” “I, Robot” or “Star Trek,” but instead think of it as one of the many ways human thought and creativity are going to be enhanced, delegates at the Cayman Alternative Investment Summit heard.

KPMG report: Alternative investment firms slow to respond to digital technologies

The large majority of hedge funds and private equity firms are not reacting quickly enough to digital technologies that are radically reshaping the alternative investment industry, according to a research report by KPMG International and CREATE-Research.

Law Society criticizes lack of consultation on anti-money laundering regulations

Alasdair Robertson, the president of the Law Society, has criticized a lack of consultation of the organization on the anti-money laundering regulations and the...

Financial services industry: Cayman’s ‘invisible’ giant

In 1960, the Cayman Islands could not have been further removed from its status today as a small but prominent global financial center. At the time, the Cayman economy still largely relied on seamen’s remittances, fishing, agriculture, shipbuilding and hand crafts. Airline services were limited and the tourism sector in its infancy.
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