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Cayman Islands
Fiscal & Monetary Policy
Cayman Islands
Cayman Islands Government
The Department for International Tax Cooperation (DITC) is following Cayman Islands Government policy and activating its business continuity plan during the coronavirus (COVID-19) pandemic.
Dillon Eustace
The Cayman Islands Monetary Authority ("CIMA") has issued the fourth edition of its Supervisory Issues and Information Circular (the "Circular").
Cayman Finance
The Cayman economy has been on a steady upward trajectory in recent years: in 2011-2015, GDP growth averaged 1.7 percent, slightly higher than the potential GDP growth of 1.6 percent.
The Cayman Islands Government is set to grant the CIMA new enforcement powers under an amendment to the Monetary Authority Law currently before the Cayman Islands Legislative Assembly.
The Bill provides for a new limitation period for exercising the power, which would start when CIMA first becomes aware of the breach.
Cayman Islands Government
It is greatly disappointing that two of our financial services firms helped US citizens to engage in illegal activity by evading their tax responsibilities.
Cayman Islands Government
While most of the board positions have been filled, there still are some vacancies.
Budget 2017 was announced by the Minister for Finance on 11 October. Much of the content was well flagged in advance and the overall theme of the Budget was that of prudence.
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