06 March 2012
The South African Revenue Service has disclosed that a protocol to facilitate the exchange of tax information within the existing double taxation agreement (DTA) between South Africa and Austria has recently entered into force, as have tax information exchange agreements (TIEAs) with Bermuda, the Cayman Islands, Guernsey, Jersey and San Marino.
Signed on various dates last year, the TIEAs between South Africa and Bermuda, the Cayman Islands, Guernsey, Jersey and San Marino were effective from February 27, February 23, February 26, February 29, and January 28, 2012, respectively. The amending protocol to the South Africa-Austria DTA (which was originally signed on March 4, 1996, and entered in to force on February 6, 1997) was effective from March 1, 2012.
The new TIEAs and DTA protocol, incorporating the internationally-agreed Organization for Economic Cooperation and Development standard for the exchange of information for tax purposes, will apply to taxes of every kind and description imposed in all of the countries.
They will give the tax authorities of all countries a greater ability to exchange taxpayer information, providing that a tax authority cannot refuse to provide information solely because it does not require the information for its own domestic purposes, or because the information is held by a bank or similar institution.
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South Africa Extends Its TIE Network
He stuck it to his victims one last time.
Multimillionaire fraudster Myron Gushlak blew millions of dollars on his Cayman Islands estate, Bentley and Porsche collections and private jet while out on bail and now claims he doesnt owe his New York victims and others a dime.
Lawyers for the disgraced Canadian money man have already appeared in Brooklyn federal court to claim that hes too broke to pony up a $25 million fine.
Today, theyll be arguing that victims of his pump and dump schemes were simply on the wrong end of a bad economy, so they dont deserve any of the $17.5 million in restitution that the feds are demanding of him.
Gregory P. Mango
WAGES OF SIN: Con man Myron Gushlak lived in this Cayman Islands estate while out on bail.
Myron Gushlak
In 2009, the year before he was scheduled to be sentenced, Gushlak showed his worth at nearly $90 million.
He then blew a massive chunk of it while free on bail, according to documents filed in the Cayman Island courts and obtained by The Post.
Living in a palatial seafront manse in the Cayman Islands dubbed Casa Coyaba, he jetted around in a Hawker 800 XP executive plane, making lease payments of $15,000 each month, records show.
Originally posted here:
Con’s ‘poor’ excuse
More than 500 people have joined the search for a British man who has gone missing in the Cayman Islands.
Nathan Clarke, originally from Cheltenham, was last seen a week ago on Grand Cayman.
His phone was later found in the sea.
The Royal Cayman Islands Police Service (RCIPS) said it was being kept "fully updated and informed" about the investigation.
Chief Inspector Richard Barrow of RCIPS told the BBC his officers were working "tirelessly" to find Mr Clarke. "Our search co-ordinators have been overwhelmed by the determination of those involved not to give up," he added.
A water search along the Seven Mile Beach area began on Saturday with 527 volunteers and 39 police officers joining the hunt.
Mr Clarke works as a teaching assistant on Grand Cayman and has lived there for about four years. The 30-year-old was last seen near Calico Jack's beach bar on West Bay Road on the Caribbean island on February 25.
His parents Lizzie and Randell Clarke, sister Sam and Brother Daniel are understood to have arrived on the island on Saturday. They said they had been overwhelmed by the support they have received - with hundreds of well-wishers posting messages and making donations via a Facebook group.
Sam told local news website This Is Gloucestershire: "We are staying positive that he will be found despite searches predominantly taking place in the ocean at this time. Nathan is much loved by friends on the island and back in the UK and we are still confidant and praying that he will be found safe and well.
"We have been overwhelmed by the generosity from the public, donations have continued to provide essential funding for the helicopter to be chartered and divers to be supplied with equipment."
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Briton missing on holiday island
4 March 2012 Last updated at 05:07 ET
More than 560 people have joined a search for a Gloucestershire man who has gone missing in the Cayman Islands.
Nathan Clarke, 30, from Cheltenham, was last seen a week ago on Grand Cayman. His phone was later found in the sea.
A water search along the Seven Mile Beach area began on Saturday with 527 volunteers and 39 police officers joining the hunt.
Mr Clarke's parents arrived on the island on Saturday to join the search for their son.
The Royal Cayman Islands Police Service (RCIPS) said Mr Clarke's parents were being kept "fully updated and informed" about the investigation.
Ch Insp Richard Barrow of RCIPS said the police force was working "tirelessly" to find Mr Clarke.
"Our search coordinators have been overwhelmed by the determination of those involved not to give up," he added.
The search was due to resume on Sunday morning local time and police appealed for more volunteers to come forward.
Mr Clarke works as a teaching assistant on Grand Cayman and has lived there for about four years.
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Hundreds join missing man search
3 March 2012 Last updated at 08:42 ET
A sea search for a Cheltenham man who went missing in the Cayman Islands is due to resume on Saturday.
Nathan Clarke, 30, was last seen a week ago on the island of Grand Cayman. His mobile phone was found in the sea on Wednesday.
Police said that CCTV footage from the area showed "no sign" of him leaving the Seven Mile Beach area.
Mr Clarke's parents are due to fly out on Saturday to join the search for their missing son.
Police said they were now concentrating on an area of ocean close to where Mr Clarke was last seen.
Janet Dougall, from the Royal Cayman Islands Police Service (RCIPS), said 18 officers and 35 civilian volunteers were continuing with the search.
The search was due to resume at 08:30 local time, 13:30 GMT, she said.
Mr Clarke works as a teaching assistant on Grand Cayman, and has lived there for about four years.
He was last seen near Calico Jack's beach bar on West Bay Road on the Caribbean island wearing swimming shorts.
Read more here:
Sea hunt for missing Cayman man