New premier summoned to UK for tax talks

(CNS Business): The new Cayman Islands premier, who is coming into the job in the middle of a storm of anti-tax haven rhetoric from the British Prime Minister, has been summoned to the UK for a meeting on tax information sharing and transparency, the outcome of which will be critical to Cayman’s financial services sector. Earlier this month David Cameron sent a letter to theleaders of 10 British Overseas Territories and Crown Dependencies, telling them that the UK is hosting a high level event on 15 June, so “this is the critical moment to get our own houses in order”. Premier Alden McLaughlin said that it was very important to address the contents of Cameron’s letter and that he and the new minister responsible for financial services, Wayne Panton, would be travelling to London next month. Read more on CNS Business