The European Union has added the Cayman Islands, a UK overseas territory, to its tax havens blacklist. It joins Oman, Fiji and Vanuatu, which have also been accused of failing to crack down on tax abuse.
Cayman Islands Premier Alden McLaughlin said that Lord Ahmad had “done a stellar job” as the overseas territories minister over the last two years, as he addressed the opening of the Pre-JMC (Joint Ministerial Council) meeting which convened British Overseas Territories leaders, including the Falkland Islands.
Falkland Islands lawmaker MLA Teslyn Barkman pointed out in Cayman Islands how Brexit and a no deal departure by the UK could totally destroy the economy of her country because the bulk of the Islands exports go to the European Union.
The United Kingdom has deployed a team of specialists to the Caribbean to help mitigate the impact of impending storms threatening British Overseas territories. According to Defense Secretary Gavin Williamson, 87 engineers, medics, maritime experts and other specialists have joined the regular crew of RFA Mounts Bay, which is the mobile hub of the British relief effort.
Under the heading of 'The tiny British island of Anguilla worries about Brexit', The Economist addressed the issue of the impact of Brexit on its Overseas Territories, mainly in the Caribbean and particularly in Anguilla, an island whose connectivity is entirely dependent on neighboring territories from France and the Netherlands. There is also a mention to other BOTs, such as the Falkland Islands, and its main exports market, Spain, 'which has a taste for Argentine squid'. And 'it is not clear whether the Falklands will retain tariff-free access to this market once Britain leaves the EU'.
Pressure mounted on Prime Minister David Cameron on Tuesday to impose “direct rule” on British overseas territories after several of them figured as tax havens in the leaked Panama Papers that have caused ripples around the world.
Maximo Kirchner, son of Argentine president Cristina Fernandez has strongly denied as “false and ridiculous” news published in Buenos Aires daily Clarin and Brazil's magazine Veja alleging he had secret accounts in the US and Cayman Islands holding millions of dollar.
Maximo Kirchner, son of Argentine president Cristina Fernandez and former Defense and Security Minister Nilda Garre figure with secret bank accounts, stashed with millions of dollars, in the United States and in the Cayman Islands, according to reports in Buenos Aires daily Clarin and Brazil's Veja, the weekly magazine with the largest circulation in that country.
A reception was held on the evening of November 4, in the Palace of Westminster to celebrate the 20th Anniversary of the founding of the United Kingdom Overseas Territories Association (UKOTA), as reported by the Gibraltar Chronicle.
Several leaders from British Overseas Territories, BOT, including Falkland Islands, are meeting in Cayman Islands to discuss the agenda of the Joint Ministerial Council to be held in December in London.