Carlyle Rogers: CBI Has No Place in the Current Geopolitical Debate on Immigration

The place of the CBI industry in the current geopolitical debate surrounding immigration To say that immigration is the driving force behind the current turmoil facing Western democracies is to acknowledge the obvious and make the understatement of the decade. The subject is to the rise of Donald Trump in the US, the advent of Brexit,

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Rogers: EU/OECD’s Real Concern About CIPs Is Tax Competition, Not “Good Governance” – Part 2

Carlyle Rogers: CARICOM finally appears to realize that the EU is out to destroy the region’s economic future under the guise of tax good governance and other red herrings. What took them so long?

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Opinion: Citizenship by Investment’s Role in Finally Emancipating Former Colonies

Opinion of the editor Citizenship by investment has granted small, developing countries in the Caribbean and Pacific the means to fund public spending independently, rather than rely on outside aid or loans. That financial autonomy reduces the influence developed countries have in these jurisdictions, which is one of the reasons they seek to restrain such

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IMC-Boss L’ecuyer on EU/OECD: “We’re Engaging the Powers That Be to Set the Record Straight”

During an interview with IMI at the Investment Immigration Summit in Hong Kong a few weeks ago, Bruno L’ecuyer, CEO of the Investment Migration Council, spoke about how the industry association is meeting the challenges brought on by increased scrutiny from supranational bodies like the EU and the OECD. “We want to meet with the

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OECS to Take “Aggressive Steps” to Show “Unreasonableness of OECD”

The Organization of Eastern Caribbean States (OECS) – five of whose six sovereign member states have citizenship by investment programs – has responded to the OECD’s recent report. The OECD, in its report, singled out Antigua & Barbuda, Dominica, Grenada, Saint Kitts & Nevis, and Saint Lucia, citing concerns that these countries’ CIPs may be

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Burke Files: OECD-Countries Themselves are the Main Beneficiaries of RCBI-Programs

by L. Burke FilesDue Diligence Expert   The OECD recently “blacklisted” 21 jurisdictions on the pretext that their CBI/RBI programs might be used to circumvent the Common Reporting Standards (CRS). The OECD’s report stated: “While residence and citizenship by investment (CBI/RBI) schemes allow individuals to obtain citizenship or residence rights through local investments or against

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IMC to OECD: Singling out RCBI-Countries “Makes No Sense and Cannot be Justified”

In a public response to the OECD’s “blacklisting” of jurisdictions with residence and citizenship by investment programs for alleged circumvention of the Common Reporting Standard (CRS), the Investment Migration Council writes that while they sympathize with many of the OECD’s motivations, tax and investment migration are two separate legal concepts that ought not to be

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PM: Antigua Will Amend Laws to “Keep Out of the Crosshairs of the OECD”

Prime Minister Gaston Browne of Antigua & Barbuda says he is open to amending laws on banking and information sharing if that’s what’s necessary to comply with OECD demands. The OECD this week released a “blacklist” of 21 jurisdictions they consider to have a high risk of CRS-evasion because the countries in question have both

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Apex’ Kenny Green: Without CIP-Unity, Caribbean Economies Will Not Survive

This article was contributed by Kenny Green, Managing Director of Apex Capital in Dominica. All for one and one for all, united we stand divided we fall. This quote, attributed to Alexandre Dumas as used in the novel the Three Musketeers, aptly describes the challenge we face in the Caribbean. The economic survival of the small

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OECD Receives 21 Responses to Public Consultation on CBI/RBI and CRS-Question

In late February, the Organization for Economic Cooperation and Development (OECD) issued a public consultation paper in which it expressed concerns that residence and citizenship by investment (RCbI) programs may be used to circumvent the Common Reporting Standards (CRS). Last week, the OECD published a compilation of the responses it received, which included comments from

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Investment Migration Council Responds to OECD’s Consultation Paper on CRS

The Investment Migration Council (IMC) has issued a response to the OECD’s open consultation paper on “preventing abuse of investment migration programs”, published last month, in which the organization called for public input. The IMC’s response is reprinted in full below: Geneva March 2018   OECD RBI/CBI Consultation Response Preamble The Investment Migration Council (IMC)

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OECD Issues Paper on “Preventing Abuse of Investment Migration Programs” for CRS Circumvention

The Organization for Economic Co-operation and Development (OECD) has published an open consultation paper in which it outlines how due diligence professionals can “prevent the abuse of investment migration programs to circumvent the CRS” (Common Reporting Standards), and is asking for public input to that effect. Of note is that the report explicitly emphasizes that

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