Caymanian 85°/ 78° An afternoon thunderstorm Issue No 668 Wednesday, June 2, 2021 Business & Finance www.caymaniantimes.ky 50¢ COMMUNITY — page 2 BUSINESS — page 5 LOCAL NEWS — page 6 THIS ISSUE INSIDE Special Cayman celebration for HM The Virtual Sonics makes ‘Big Sound’ Waves in the Ex-Infrastructure Minister hops on last bus Queen’s 95th birthday Hollywood Music Industry shuttle GLOBAL Bovell: Border Closure may CORPORATION harm Property Market TAX TARGETS OFFSHORE CENTRES By Michael Jarvis, London UK When G7 finance ministers meet in Lon- don the focus of their deliberations will be of huge interest to Cayman’s financial ser- vices sector. At issue is a proposal by the US Biden administration for a global corporation tax initially floated at a “floor rate” of 15 per cent but which could go higher ac- cording to US Treasury officials. $1.2 million spent on 2021 Candidates Campaign X U.S. Department of the Treasury The public are now able to see how had a combined revenue of $201,060.00 to much money candidates raised to fund help fund their election campaigns, while President Biden had initially indicated a their 2021 election campaign and how spending more than twice that amount, at minimum global rate of 21%. much each candidate spent campaigning, $479,781.16 over the 45 day election peri- But that’s at odds with the British gov- as the Elections Office published candi- od, roughly averaging just under $40,000 ernment’s own approach to the matter. dates’ expenses and revenue last Saturday. spent per candidate. UK Chancellor of the Exchequer (Minis- Twelve Alliance members - Joey Hew, For the election period, which started ter of Finance) Rishi Sunak is pursuing a David Wight, Frank Cornwall, Barbara on 1st March 2021 and ended on 14th policy to increase the British corporation Conolly, Moses Kirkconnell, Julianna April 2021, the returns submitted by the X Mr. Wesley Howell, Chief Officer of tax rate from 19% to 25% for large com- O’Connor Connolly, Roy McTaggart, Alden 50 candidatesSEE 2021 ELECTION and parties CAMPAIGN detailed COST, Pagethat 8 Employment and Border Control panies bySEE 2023. GLOBAL CORPORATION TAX, Page 4 McLaughlin, Austin Harris, Alva Suckoo, Vincent Frederick and Dwayne Seymour – Fast & Affordable - ADVERTISE YOUR EMPLOYMENT ADS Accepted by WORC with Email [email protected] Caymanian Times Newspaper or call 9162000 / 9458463 2 Issue No 668 | Wednesday, June 2, 2021 | Caymanian Times Community Notice / Community COMMUNITY NOTICE Hon. W. McKeeva Bush off ers condolences On behalf of myself and the Parliament of the Cayman Is- lands, I write expressing my deep felt sadness to hear of X Her Majesty Queen Elizabeth II the passing of former Chief Minister Hubert Benjamin Hughes. It’s understandable that Special Cayman the citizens and people of An- guilla are mourning the death of a stalwart and giant in the celebration for HM The political arena. Also consid- ering he has served stints as Queen’s 95th birthday Chief Minister which spanned over four decades of his polit- ical life, since 1976. He was an affable and an The traditional birthday celebrations Randall L. Von Kanel, MCI, Member of the effective representative to held each June to mark Her Majesty Queen Order the Cayman Islands. the people of Anguilla and Elizabeth II’s official birthday will have a Mr. Clifford’s award will be presented by his tenacity and involvement new venue for 2021. The Governor. Mr. Von Kanel’s award will impacted positively on other The Queen's Birthday Parade, which be presented by Premier, Hon. Wayne Pan- overseas territories. He has usually takes place in front of the House of ton, JP, MP. influenced socio-economical Parliament (formerly called the Legislative The general public is invited to attend growth and brought politi- Assembly Building), has been moved to the the procession and awards, and to stay on cal maturity to the political West Bay Road outside Government House. to enjoy the reception afterward. landscape with his leader- On the Public Holiday Monday, 14 June, His Excellency The Governor, Mr. Martyn ship attributes. He always X Chief Minister Hubert Benjamin Hughes the Cayman Islands’ uniformed services Roper said, “I hope members of the public stood adamantly for the in- will be on parade on the roadway in front will come out and enjoy the celebrations terest of Anguilla as he made of Government House. as we express our collective wishes for his representation at the For the first time, the Cayman Islands Her Majesty’s continued good health and Joint Ministerial Council meetings in We wish the people of Anguilla all the Regiment and Cayman Islands Coast longevity on her official birthday.” London. strength and comfort during this dif- Guard will march amongst the approxi- Chief of Protocol Meloney Syms said, “Al- We extend our deep and heartfelt sym- ficult time. Please accept on behalf of mately 200 senior uniformed services and though HM The Queen was born on 21 April, pathies as your island has lost an out- members of Parliament our sincere con- youth organisations for the annual parade. it has long been the tradition to celebrate the standing patriot and nation builder. dolences for your loss. Organisations taking part include the Sovereign's official birthday in the summer.” Royal Cayman Islands Police Service, the She also reminded members of the pub- Fire Service and the Prison Service, as lic that COVID-19 suppression measures well as members of the Girls’ Brigade, the regarding public gatherings remain in ef- Scouts and the Cadet Corps. fect in the Cayman Islands. Therefore, the They will be joined by musicians from Garden Party Reception is limited to 500 the Royal Cayman Islands Police Band. people and the Parade is limited to 1,000 The parade will commence at 4p.m. and people including participants. will be followed by a Garden Party Recep- These restrictions are in place under tion hosted His Excellency The Governor, the Prevention, Control and Suppression Mr. Martyn Roper on the grounds of Gov- of COVID-19 (No. 2) Regulations, 2021. ernment House beginning at 5pm and These Regulations came into effect on Fri- continuing through 7p.m. day, 14 May 2021. During a ceremony directly after the pa- The Queen’s Birthday events will be rade, honours and awards are bestowed to broadcast live by Radio Cayman, and deserving individuals who were recognised filmed by Government Information Servic- at either the previous year’s parade or an- es (GIS) for future airing on CIG TV. nounced in the Queen’s New Year’s Honours. In the event of inclement weather, the This year’s recipients include Mr. awards(Via GIS) ceremony will take place under a Charles E. Clifford, MBE, JP, Director of tent at Government House. Customs & Border Control and Pastor Caymanian Caymanian Times Issue # 668 Publisher: Ralph Lewis Company: Lewis Cayman Islands Ltd #19 Walkers Road (next to Tomlinson Furniture) Telephone: 345 916 2000 Email: [email protected], or [email protected] Website: www.caymaniantimes.ky Business Caymanian Times | Wednesday, June 2, 2021 | Issue No 668 3 Bacaro donates over $20,000 to the Alex Panton Foundation On Friday May 14th, Bàcaro brought was raised. “Knowing the community together for a fundraiser that all of the funds that raised $20,376.00 for the Alex Panton we raised would go Foundation (APF). Continuing their com- directly to paying for mitment to supporting mental health and support services for the Cayman community, this was the sec- those seeking mental ond fundraiser held by management for health help, but are the APF. The first, a pajama party was held unable to afford it, in July 2019, raised over $19,000 for the we didn’t think twice. foundation’s programs. The work that the Friday’s ‘Off With His Locks’ fundraiser team at the APF do was the brainchild of Fede, a waiter at Bac- is desperately need- aro, who had been growing his dreadlocks ed in our community for over 10 years. Looking for a change in and we are proud to hairstyle, he was also looking for a way be committed sup- to support the Cayman community. “This porters”, stated Head past year has really been a trying one for Chef and owner, Fed- all of us – specially those of us in the hos- erico Destro. pitality industry. There has been so much Upon receiving the cheque, Board of sharing tapas plates for indulgence for uncertainty and I have seen people near the mic to auction the chance to chop off Member and APF programme facilitator one or in a group. Get to know more about and far who have struggled with the ups each of Fede’s 60+ locks. Competition was Shane Purcell had this to say: “In a time the Bàcaro by heading over to www.bac- and downs of the year. In talking with rife as guests outbid each other opening when many hospitality establishments aro.ky.About the Alex Panton Barney and Fede, we all agreed that we their wallets and hearts - with the larg- are themselves struggling, we cannot Foundation wanted to take the opportunity to rally the est set coming in at a bid of $1000. With thank the staff and management at Bac- community together to support a cause winning bidders being offered a chance to aro enough for putting their community we all stand behind, mental health” said take scissors to his locks, celebrity hair- first in not only hosting and organizing Established in memory of Alex Panton, Fede. stylist Pasquale Caselle volunteered his a fundraiser of this scale, but also using who succumbed to the effects of severe Live music from Vibe Tribe set the tone time and expertise to ensure a pleasant their own funds to match what was raised.