Tax

The UK has given the Cayman Islands permission to borrow $279 million to help deal with its financial crisis. [more]

Leader of Government Business McKeeva Bush stated in a press conference yesterday that income tax and property tax are not options to resolve Cayman’s financial crisis. [more]

Leader of Government Business McKeeva Bush held an emergency meeting at the Ritz Carlton hotel yesterday to outline the financial difficulties government is currently facing. [more]

The OECD has placed the Cayman Islands on their ‘white list’ of countries that have substantially implemented international standards on tax disclosure. [more]

The Cayman Islands has been placed on a ‘grey list’ of countries that need to substantially implement an internationally agreed tax standard.

The list was published at the end of the G20 meeting in… [more]