News and Articles
February 2012
EU Approval on Zero/Ten
01.02.12
The Isle of Man's corporate tax regime was approved by the EU's Council of Economic and Financial Affairs (ECOFIN) in Brussels on 19 December 2011.
January 2012
New Horizons for Cayman National
31.01.12
Cayman National Isle of Man's new Aircraft and Yachting services are covered in a recent local media publication.
Agreement signed with Dubai to boost economic ties
31.01.12
The Isle of Man and Dubai Departments of Economic Development have announced the signing of a Memorandum of Understanding (MoU) aimed at promoting closer business, economic and trade relations between the two countries.
Cayman National attends London Boat Show
11.01.12
A team from Cayman National will be attending the 2012 Tullet Prebon London Boat Show.
November 2011
3rd Annual Aviation Asset Management Conference in the Middle East
09.11.11
Cayman National are sponsoring the 3rd Annual Aviation Asset Management Conference in the Middle East to be held on the 10th November 2011 at the Novotel World Trade Centre in Dubai
July 2011
Implications for US Tax payers and Foreign Financial Institutions under FATCA
26.07.11
The Foreign Account Tax Compliance Act (FATCA), enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act, is an important development in U.S. efforts to combat tax evasion by U.S. persons holding investments in offshore accounts.
Under FATCA, certain U.S. taxpayers holding financial assets outside the United States must report those assets to the IRS. In addition, FATCA will require foreign financial institutions to report directly to the IRS certain information about financial accounts held by U.S. taxpayers, or by foreign entities in which U.S. taxpayers hold a substantial ownership interest.
The Irish Income Levy and Its Interaction with the Tax Co-operation Agreements Between the Isle of Man and Ireland
26.07.11
The governments of the Isle of Man and Ireland have agreed on the interaction between the Irish income levy and the tax co-operation agreements in force between the Isle of Man and Ireland.
Both governments have agreed that the income levy is a substantially similar tax, within the meaning of Article 2(2) of the Agreement between the Isle of Man and Ireland for the Exchange of Information Relating to Tax Matters and its Protocol, to the income tax covered in Article 2(1)(b)(i) of the same Agreement. The income levy is therefore a tax covered by the above Agreement from the date of its coming into effect in Ireland on 1 January 2009.
It has also been agreed that the income levy exemption which is provided for under the domestic law of Ireland in certain circumstances is extended to residents of the Isle of Man where appropriate with effect from 1 January 2009.
Isle of Man signs tax co-operation agreement with the Czech Republic
26.07.11
On 18th July, 2011, the Isle of Man Government continued with its programme of developing closer economic and taxation co-operation with other countries by signing a Tax Information Exchange Agreement (TIEA) and a Joint Declaration with the Czech Republic.
The TIEA is the Isle of Man’s 25th TIEA and its 29th agreement that meets the OECD international standard on tax co-operation and transparency. The signing ceremony took place at the Czech Embassy in London between Anne Craine MHK, the Isle of Man’s Treasury Minister, and His Excellency Mr Michael Zantovsky, the Czech Ambassador.
June 2011
Isle of Man Signs Tax Co-operation Agreements With Slovenia
28.06.11
Two tax agreements between the Isle of Man and the Republic of Slovenia were signed on the 27th June by His Excellency Iztok Jarc, the Slovenian Ambassador , and by Isle of Man Treasury Minister, Anne Craine MHK.
The Isle of Man Means Business
28.06.11
The Department of Economic Development (the Department) has recently announced a number of significant changes to the way the Isle of Man approaches the promotion of Financial Services and related industries in the Isle of Man. The Department is embarking on a radical shake-up which will mean a more collaborative approach with industry and the creation of a new Public Private Sector promotional model allowing the sharing of resource and funding between all parties.
Cayman National Appoints Nigel Wardle to Board of Directors
24.06.11
Cayman National Corporation Ltd.is pleased to announce the appointment of Nigel Wardle to the Board of Directors.
Phil O'Shea appointed to key role within UK National Charity
15.06.11
Phil O’Shea has been appointed Deputy Chair of the National Advisory Board for Crimestoppers, the independent charity dedicated to the fight against Crime.