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ARTICLE · 30 OCTOBER 2014

Cayman Joins Other Nations In Signing Multilateral Agreement

Cayman Islands Government
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The Cayman Islands today took a significant step against global tax evasion in joining more than 50 countries and jurisdictions in signing an agreement that sets the worldwide standard for automatic exchange of information (AEOI) among tax authorities.

Cayman IslandsTax
Ministry Of Financial Services
Ministry Of Financial Services
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The Cayman Islands today took a significant step against global tax evasion in joining more than 50 countries and jurisdictions in signing an agreement that sets the worldwide standard for automatic exchange of information (AEOI) among tax authorities.

The Multilateral Competent Authority Agreement (MCAA) was developed by the OECD, in cooperation with G20 countries. Minister of Financial Services, Commerce and Environment, Wayne Panton, signed the Cayman Islands' formal Declaration on Joining the MCAA.

'Although Cayman is one of the more than 50 early adopters that have committed to begin AEOI exchanges in 2017, our history of cooperation reaches back to 2005, when we began participating in EUSD', he said.

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