Monday, May 20, 2019

Tax problems for dual passport holders and ‘accidental Americans’

Despite all that’s been written about U.S. worldwide income taxation and complex informational reporting requirements, many individuals, particularly those living outside the U.S., remain noncompliant.

Gender equality lacking in global mobility opportunities

As soon as she finished her degree qualifications in Canada and embarked on her job search, Angilynn Chan-Baraud began to explore her global mobility options.

The threat of public beneficial ownership registers

Even for jurisdictions that are used to moving goalposts in terms of international regulatory pressure, the passing on May 1 of a cross-party amendment to the Sanctions and Anti-Money Laundering Bill in the House of Commons, effectively ordering British Overseas Territories to establish public registers of beneficial ownership, was unique.

Health City pushing into new markets

In 2015, Health City is looking toward accreditation, a start to expansion, a U.S. promotional campaign and efforts to gain recognition from medical insurers.

Cayman-based Real Vision looks to conquer financial media world

Real Vision founder Raoul Pal, who owns a house on Little Cayman, has ambitious plans for his firm, aiming for it to “disrupt” the media industry and replace outlets like CNBC as the financial journalism outlet of record.

Hedge funds industry trying to retain X factor

The changing nature of its investor base to pension funds and other large investors is transforming the hedge fund industry. Institutionalisation creates new barriers of entry and puts a strain on the vast majority of managers that are small. Large hedge funds meanwhile struggle to maintain their entrepreneurial nature that is often the source of alpha. The Cayman Alternative Investment Summit discussed how the industry can maintain its X factor.

Digital wallet initiative seeks to reform identity management

Despite Cayman’s reputation for fast-and-easy banking, residents of the islands know the headache that can come with opening a personal bank account. One appointment can turn into several, as would-be clients track down the necessary paperwork and await the weeks-long approval process.

Major changes to Cayman’s transparency regime in 2016

Cayman’s much-debated and at times deemed controversial Confidential Relationships Preservation Law will see major changes and could be replaced altogether this year.

Offshore: Perception and IFCs – How have they fared?

IFCs should use objective measures of their perception to better tackle the reputational challenge.

Prime broker relationship is one of many challenges for hedge funds

Regulations have a direct impact on prime brokers’ ability to finance and maintain hedge funds assets on their balance sheet.

Hiding crime in plain sight – the crux with public company registers

Not least since the Panama Papers, media around the world have tirelessly repeated allegations that offshore financial centers are secrecy havens that enable financial crime.

Wage growth stalls in developed economies

The latest Global Wage Report by the International Labor Organization warns of stalled wages in many countries and notes that the labor market is a driver of inequality.

Cybersecurity: The big data challenge

The leap year is not until 2016, but Polly Pickering, who oversees the Caribbean and Latin America regions for Internet services company Foreshore, has to think that far ahead.

Efforts increase to boost gender diversity in corporate boardrooms

Gender disparity in business, well-chronicled among CEO positions, also extends to corporate boardrooms worldwide. Research has shown that companies benefit not only from being more gender and ethnically inc

Global economy: OECD study shows long-term merits of structural reform and the pitfalls of...

The reversal of trade liberalization and a return to the average tariffs of 1990 would depress the world’s long-term living standards by about 14 percent worldwide and as much as 15 to 25 percent in the most affected countries.
The Banking Banana Skins 2015 poll

Bankers fear failure of global economic recovery

There is growing unease in the banking industry that a possible failure of the global economic recovery will hurt the still fragile banking system.

Financial market and macroeconomic impact of recent US tax legislation

In matters of government policy, it is often difficult to take a dispassionate view. Some would say the modern discourse is so polarized, the strictly rational, factual view is drowned out. In this brief overview, we are going to attempt to lay out a few of the potential implications of the recently passed U.S. tax legislation.

After the UK referendum: The impact of Brexit on non-European hedge funds

With the Brexit referendum decided and David Cameron’s resignation announced, we look at the key impact of the referendum decision on the non-European fund industry.
American consumers grew more upbeat about the prospects for the economy, labor market and their incomes in January, according to the Conference Board. - Photo: Bloomberg

Financial markets and the global economy – in sync?

Andrew Baron, Butterfield Global financial markets have begun 2016 with relatively substantial losses. The declines in equities markets have been remarkably broad-based across the developed...

Planning, investing and choosing an adviser for 2018

Advisers agree the U.S. and Europe are probably 2018’s best bets, while forecasting modest returns in China and Japan, pondering the risky promise of “emerging” economies and minimizing the headwinds of inflation and unemployment.
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