Corporate tax avoidance

Consolidated Water Sets Second Quarter 2021 Earnings Conference Call for Tuesday, August 17, 2021 at 11:00 a.m. ET

Retrieved on: 
Tuesday, August 3, 2021

Consolidated Water management will host the call, followed by a question and answer period.

Key Points: 
  • Consolidated Water management will host the call, followed by a question and answer period.
  • Please call the conference telephone number five minutes prior to the start time.
  • Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems.
  • The company operates water production facilities in the Cayman Islands, The Bahamas and the British Virgin Islands and operates water treatment facilities in the United States.

Bloomberg Tax & Accounting Enters Tax Provision Market With Addition Of Tax Prodigy

Retrieved on: 
Tuesday, August 3, 2021

Bloomberg Tax & Accounting adds Tax Prodigy's software, which enables companies to calculate income tax provision.

Key Points: 
  • Bloomberg Tax & Accounting adds Tax Prodigy's software, which enables companies to calculate income tax provision.
  • "We are excited to add Tax Prodigy's tax provision solution to our growing suite of innovative solutions that solve complex corporate tax and accounting problems," said Lisa Fitzpatrick, president, Bloomberg Tax & Accounting.
  • "There are excellent synergies between Tax Prodigy and the Bloomberg Tax & Accounting research and software solutions.
  • Tax Prodigy Provision joins Bloomberg Tax & Accounting's suite of planning and compliance solutions for corporations, including Bloomberg Tax Research, Fixed Assets, Corporate Tax Analyzer, and State Tax Analyzer.

Assure Leads Industry-Wide Surge in SPV Deals, Closing more than 1,000 SPV Deals in First Half of 2021

Retrieved on: 
Wednesday, July 28, 2021

Assure announced today that in June 2021, the company surpassed 1,000 SPV (special purpose vehicle) deals closed for 2021.

Key Points: 
  • Assure announced today that in June 2021, the company surpassed 1,000 SPV (special purpose vehicle) deals closed for 2021.
  • To date, Assure has helped entrepreneurial investors establish and manage more than 10 times as many SPVs as its nearest rival.
  • Assure closed a daily average of 1.9 SPV deals in the first six months of 2020, and 2.7 per day for all of 2020.
  • For the first six months of 2021, Assures daily average of SPV deals closed has jumped to 5.7.

Experienced Federal Tax Lawyer Todd Chelius Joins Dorsey in Salt Lake City

Retrieved on: 
Monday, July 19, 2021

International law firm Dorsey & Whitney LLP announced today that Todd Chelius has joined the Firm as a Partner in the Tax Group in Salt Lake City.

Key Points: 
  • International law firm Dorsey & Whitney LLP announced today that Todd Chelius has joined the Firm as a Partner in the Tax Group in Salt Lake City.
  • View the full release here: https://www.businesswire.com/news/home/20210719005803/en/
    Todd Chelius has joined Dorsey as a Partner in the Tax Group in Salt Lake City.
  • (Photo: Dorsey & Whitney LLP)
    Todd joins Dorsey from Amazon in Seattle, Washington, where he practiced for the last six years as a federal tax attorney and a member of the M&A Tax/Federal Tax Planning, Tax Controversy, and International Tax Planning Teams.
  • Todd also handled transactions in the energy space and has strong expertise in partnership tax, corporate tax, taxation of financial products and international tax (including international tax treaties).

Raiffeisen Bank International AG Comments on Legal Proceedings Against Scully Royalty Ltd and Others

Retrieved on: 
Tuesday, July 6, 2021

In August 2019, Raiffeisen Bank International AG (RBI) commenced legal proceedings before the Grand Court in the Cayman Islands, against Scully Royalty Ltd (Scully) and other parties, including subsidiaries in the Scully group (cause number FSD 162 of 2019 (RJP)).

Key Points: 
  • In August 2019, Raiffeisen Bank International AG (RBI) commenced legal proceedings before the Grand Court in the Cayman Islands, against Scully Royalty Ltd (Scully) and other parties, including subsidiaries in the Scully group (cause number FSD 162 of 2019 (RJP)).
  • In September 2019, RBI obtained an injunction from the Grand Court in the Cayman Islands against Scully to prevent dissipation of Scully's assets pending a trial.
  • Scully has appealed that decision, and the hearing of its appeal is expected to take place in September 2021.
  • These include the shares and assets of various subsidiary companies that make up the Scully group's Mining, Industrial and Merchant Banking segments.

Cayman Islands reinsurance industry continues its upward trajectory

Retrieved on: 
Thursday, July 1, 2021

GRAND CAYMAN, Cayman Islands, July 1, 2021 /PRNewswire-PRWeb/ --The reinsurance industry in the Cayman Islands continues to grow after a three-year high in registered insurance companies in the Cayman Islands was recorded in 2020 ( source ; source ), and this growth shows no signs of slowing down anytime soon.

Key Points: 
  • GRAND CAYMAN, Cayman Islands, July 1, 2021 /PRNewswire-PRWeb/ --The reinsurance industry in the Cayman Islands continues to grow after a three-year high in registered insurance companies in the Cayman Islands was recorded in 2020 ( source ; source ), and this growth shows no signs of slowing down anytime soon.
  • As a result, the Cayman Islands has earned a spot as one of the top three captive insurance domiciles in the world ( source ).
  • Ebanks notes that the Cayman Islands is poised to grow an industry that has typically domiciled in other jurisdictions.
  • Dart Real Estate is a development company based on Grand Cayman in the Cayman Islands, a British Overseas Territory.

ESMA registers European DataWarehouse GmbH and SecRep B.V. as Securitisation Repositories

Retrieved on: 
Saturday, June 26, 2021

25 June 2021

Key Points: 
  • 25 June 2021

    Press Releases

    Securitisation

    The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has approved the registrations of the first two securitisation repositories (SRs) under the Securitisation Regulation (SECR).

  • The following entities are registered as SRs for the European Union:

    Anneli Tuominen, Interim Chair, said:

    The registration of the first securitisation repositories marks the final step in the implementation of the securitisation transparency regime.

  • The securitisation repositories will now start receiving, verifying, and distributing standardised data and information to investors as well as to EU and national authorities.
  • Reporting to Securitisation Repositories to start on 30 June 2021

    The registered SRs can be used by reporting entities to fulfil their obligations under SECR.

ESMA registers European DataWarehouse GmbH and SecRep B.V. as Securitisation Repositories

Retrieved on: 
Friday, June 25, 2021

25 June 2021

Key Points: 
  • 25 June 2021

    Press Releases

    Securitisation

    The European Securities and Markets Authority (ESMA) has approved the registrations of the first two securitisation repositories (SRs) under the Securitisation Regulation (SECR).

  • The following entities are registered as SRs for the European Union (EU):

    Anneli Tuominen, Interim Chair, said:

    The registration of the first securitisation repositories marks the final step in the implementation of the securitisation transparency regime.

  • The securitisation repositories will now start receiving, verifying, and distributing standardised data and information to investors as well as to EU and national authorities.
  • Reporting to Securitisation Repositories to start on 30 June 2021

    The registered SRs can be used by reporting entities to fulfil their obligations under SECR.

IBFD enhances online International Taxation training programme

Retrieved on: 
Friday, June 25, 2021

We have introduced new features to our 6-month online Advanced Professional Certificate in International Taxation (APCIT) training programme to improve the learning experience for tax professionals, who will go on to obtain recognition as experts in international taxation.

Key Points: 
  • We have introduced new features to our 6-month online Advanced Professional Certificate in International Taxation (APCIT) training programme to improve the learning experience for tax professionals, who will go on to obtain recognition as experts in international taxation.
  • You will receive our certificate of acknowledgement, recognized by the international tax community
    The APCIT programme provides a comprehensive and practical understanding of international taxation, specifically in the areas of tax treaties, transfer pricing and international tax planning.
  • Additionally, the APCIT programme explores the most recent international taxation developments on the part of the OECD, the UN and the European Union affecting the daily work of in-house tax professionals and tax advisers.
  • Participants who complete the programme will receive not only a professional qualification recognizing their expertise in the field of international taxation from IBFD, the worlds foremost authority on cross-border taxation, but also up to 40 continuing professional education (CPE) credits.

Channel Capital Cayman adds new Director to its Governance Team

Retrieved on: 
Wednesday, June 23, 2021

SYDNEY and GEORGE TOWN, Grand Cayman, June 23, 2021 /PRNewswire/ -- Channel Capital Cayman, a subsidiary company of Channel CapitalGroup (Channel), today announced the expansion of its Cayman team with the appointment of Carl Brenton as Director.

Key Points: 
  • SYDNEY and GEORGE TOWN, Grand Cayman, June 23, 2021 /PRNewswire/ -- Channel Capital Cayman, a subsidiary company of Channel CapitalGroup (Channel), today announced the expansion of its Cayman team with the appointment of Carl Brenton as Director.
  • Channel Capital Cayman provides a high quality governance framework service to investment funds domiciled in the United States, Cayman Islands and other offshore financial centres.
  • Director at Channel Capital Cayman, Carl Brenton, said: "I am very pleased to be joining Mark and the rest of the Channel team.
  • The Group comprises subsidiary companies; Channel Investment Management Limited, Channel Capital Cayman, and Eolas Capital LLC.