The G7 announcement, which would predominately affect multinational enterprises, aligns with the Cayman Islands’ overall position that taxes should be paid where they are rightfully owed.
While the Cayman Islands’ primary business is investment funds, which are tax neutral under international tax rules, we continue to support international tax compliance by adhering to international tax standards.
A team from the Ministry of Financial Services & Commerce completed an engagement trip to Hong Kong and Singapore last week, to bolster relationships with financial services industry stakeholders and engage various authorities in Hong Kong and Singapore; as well as promote the Cayman Islands advanced intellectual property (IP) framework at the International Trademark Association (INTA) 2023 Annual Meeting (the world’s top IP forum) held in Singapore 16-20 May 2023.
The unique challenges of maritime and Coastal State responsibilities are coming under the spotlight at the annual Red Ensign Group (REG) Conference taking place in the Cayman Islands this week.
Attorney General, the Hon. Samuel Bulgin, KC and Minister for Financial Services and Commerce, the Hon. André Ebanks, are leading a Cayman Islands Government delegation to Mexico to update the Financial Action Task Force (FATF) review group on the progress being made with Cayman’s money laundering investigations and prosecutions.
The Cayman Islands Intellectual Property Office (CIIPO) wrapped up its month-long celebration of intellectual property, culminating with the observance of World Intellectual Property Day (WIPD), celebrated annually around the globe on 26 April.