Topic: European Union
Brexit to hit private equity investments in Europe harder
The U.K. vote to leave the European Union has caused widespread delays to fund launches across Europe, but the outlook for the private equity industry overall remains optimistic, according to research released by offshore law firm Mourant Ozannes.
UK court brings Brexit plans screeching to halt
LONDON (AP) — Britain's High Court brought government plans for leaving the European Union screeching to a halt Thursday, ruling that the prime minister can't trigger the U.K.'s exit from the bloc without parliamentary approval.
European Commission unveils plans to harmonize corporate tax
The European Union has announced plans to overhaul the way in which companies are taxed inside the single market.
Bloomberg: Europe’s capital shortfall
Less than a decade after the financial crisis, Deutsche Bank is in trouble again.
Bloomberg: Europe’s Google News tax makes no sense at all
A “Digital Single Market,” like a single currency, is one of those grand European ideas that sounds better than it works.
EDITORIAL – The European Union: Will the ‘empire’ strike back?
The bullies in that faraway socialist blot, aka Brussels, are eyeing the Cayman Islands’ milk money again.
EDITORIAL – Yet another Brussels blunder
From one financial services-dependent jurisdiction to another, we in the Cayman Islands can certainly commiserate with the frustration that people in Ireland may feel at the latest economic assault from Brussels.
Rahn: Tax malpractice in the EU
Over the long run, abolishing or at least drastically lowering the corporate income tax rate is more likely to increase government revenue – because of higher growth and better allocation of resources.
Bloomberg: Moving UK, EU ever closer to Brexit
Nobody said quitting the European Union would be easy.
EU authority delays decision on passporting
The European Securities and Markets Authority decided this month to delay a recommendation to the European Commission on whether to grant a third country passport to Cayman Islands Alternative Investment Fund managers.
OT ministers gather in Turks and Caicos
Ministers from the Cayman Islands and seven other overseas territories will meet in Turks and Caicos this week to address issues ahead of the Joint Ministerial Council meeting in London this fall.
David Cameron to resign Wednesday; Theresa May to become British leader
Prime Minister David Cameron said Monday he would step down on Wednesday, clearing the way for Theresa May to become Britain’s next leader as the country plots its exit from the European Union.
Dixey: Brexit – ‘Keep Calm and Carry On’
It was not supposed to be this way. The script was for “Remain” to win with a narrow majority; the high “Leave” vote merely giving the European Union a bloody nose.
Krauthammer: Brexit – Sovereign Kingdom or little England?
Brexit was an assertion of national sovereignty and an attempt, in one fell swoop, to recover it. There is much to admire in that impulse. But at what cost?
EDITORIAL – Vote ‘yes’ for Brexit … Now what?
The people of the United Kingdom voted “Yes” to leave the European Union. But the more pressing question remains unanswered: Who will lead the U.K. out of the EU?
Have questions about Brexit? Government will seek answers
The Cayman Islands government will seek answers to residents’ questions regarding the pending departure of the United Kingdom from the European Union, officials announced Thursday.
Morici: Britain’s economy after Brexit
This is no time to sell the United Kingdom short.
Cayman, other territories to be briefed on Brexit
Representatives of British Overseas Territories were due to meet with U.K. foreign office representatives Thursday amid the fallout from the Brexit vote to discuss how the territories may be affected by upcoming changes.
EU agrees on tax avoidance measures aimed at multinationals
European Union member states have struck a deal on new rules designed to eliminate the most common corporate tax avoidance practices.
Post: The Brexit antidote is a strong NATO
How much further the “special relationship” between the United States and Britain will be devalued will depend on what now looks like a very unpredictable course of events in London.
EDITORIAL – ‘Let’s vote on it …’ No, let’s not!
The Brexit decision should have been made by the U.K.’s elected representatives, not by individual voters in polling booths throughout the nation.
Tourism chiefs mindful of Brexit impact on economy
Government is monitoring the potential impacts of Britain’s decision to leave the European Union on the Cayman Islands’ tourism industry, Deputy Premier Moses Kirkconnell said Monday.
Brexit response not robust enough
The government must take this issue of the U.K.’s exit from the EU as a very serious matter ….
Cayman seeks opportunity in Brexit aftermath
Cayman Islands leaders are seeking silver linings amid global political and economic turmoil in the wake of Britain’s decision to leave the European Union.
UPDATE: Cameron to resign after Britain votes to leave EU
British voters have defied the will of their leaders, foreign allies, experts and much of the political establishment by opting to rupture this country's primary connection to Europe in a stunning result that will radiate vast economic, political and security uncertainty across the globe.
Cayman’s Brits tuned in to Brexit debate
As the United Kingdom goes to the polls Thursday to decide on whether it will stay in the European Union, many British residents in Cayman have already cast their postal votes and are waiting to see what the country decides.
Mody: Drop the ‘Brexit’ panic talk
The doomsday narrative of British Prime Minister David Cameron, the Bank of England and their official friends around the world is setting a course for a self-fulfilling financial panic.
Hammond: Even if Cameron wins the Brexit vote, he loses
Andrew Hammond
Nobody doubts that a vote to leave the EU on June 23 could bring enormous change in Britain’s relationship with Europe and its...
Crook: How the EU pushed Britain to leave
Project Fear was a potentially fatal mistake. The positive case for a British future in Europe needed to be made as well.
EU Parliament calls for crackdown on corporate tax avoidance
Members of the EU Parliament have welcomed an EU Commission proposal for an anti-tax avoidance directive but demanded tougher rules on foreign income and stricter limits on deductions of interest payments.
Morici: UK should vote to leave EU
The EU suffers from chronic slow growth thanks to a smothering bureaucracy and single currency that fits the needs of the continental economy like stilettos on a ballerina.
EDITORIAL – Exit or Brexit, UK must leave
We here in the Cayman Islands aren’t being given a say in whether the U.K. remains with or leaves the EU. We’ll offer our advice anyway: Get out. Get out now.
Will: The United Kingdom at the crossroads
Sixty-five years ago, what has become the European Union was an embryo conceived in fear. It has been stealthily advanced from an economic to a political project, and it remains enveloped in a watery utopianism even as it becomes more dystopian.
EDITORIAL – Cayman’s upcoming brutal battle on beneficial ownership
In regard to the Cayman Islands’ stance on financial services transparency, there is no room for lack of clarity.
EDITORIAL – Supporting our Cayman delegation in London
“Politics stops at the water’s edge” is the now-famous saying by Arthur Vandenburg, the former Republican chairman of the Senate Foreign Relations Committee, who called for a stop to partisan politics when international relations were concerned.
Premier, minister head to London as beneficial ownership deal unravels
The United Kingdom is seeking an agreement with other leading economic powers in western Europe – and elsewhere – that will lead to the automatic exchange of data on company and trust ownership information.
Bloomberg: UK can’t afford to quit EU
If it votes to leave the European Union in next month’s referendum, Britain will bear a substantial and lasting economic cost: That’s the conclusion of several authoritative new studies.
Bershidsky: EU could live without UK
There are two sides to any divorce, and the relatively passive partner – in this case the EU – must also consider the impact of losing Britain.
Report highlights market risks of Brexit
The Association for Financial Markets in Europe said the capital markets industry may relocate some activities if the U.K. votes to leave the European Union, in a referendum on June 23.
European Union leads tax reform, Ernst & Young finds
European Union member states are driving tax reform with the implementation of recommendations made by the Organization for Economic Cooperation and Development under its base erosion and profit shifting (BEPS) project, a new Ernst & Young report states.
Crook: Obama’s Brexit ‘hypocrisy’
Obama might at least pay the Brits the courtesy of understanding their distinctively American ideas about sovereignty.
EU moves closer to corporate country-by-country reporting
In a move to enhance corporate tax transparency, Economic and Financial Affairs ministers in the European Union have agreed to the automatic exchange of tax-related financial information of multinational companies, also known as country-by-country reporting.
EDITORIAL – Being self-reliant: Cayman’s economy in the ‘new normal’
The wider world "out there" is fraught with economic uncertainty ... All the more reason for Cayman Islands leaders to focus their attention on our own solitary vessel.
Bloomberg: Italy, EU can’t wait on bank reform
Bloomberg View Editorial Board
In recent years, Europe has grown accustomed to financial panic – but the latest scare wasn’t about Greece or Cyprus or...
Bloomberg View: Improve UK’s economy through investment
Bloomberg View Editorial Board
George Osborne, Britain’s chancellor of the exchequer, depressed both his currency and his countrymen last week with a downer of speech...
Champion: Use ‘EU reform’ to reform UK
Marc Champion
Last week Britain’s David Cameron made a rare visit – for a Western leader – to Hungary’s pariah-like Prime Minister Viktor Orban. Cameron...
Qvortrup: Cameron’s inspired Brexit decision
Matt Qvortrup
British Prime Minister David Cameron’s decision to allow his cabinet colleagues to campaign their consciences on whether to stay in the European Union...
