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FATCA is a US federal law that aims to reduce tax evasion by US persons. FATCA has significant extraterritorial implications.

The offshore funds market is growing rapidly and the Cayman Islands ("Cayman"), the British Virgin Islands ("BVI") and Bermuda have become the pre-eminent jurisdictions for the establishment of investment funds.

This article explores some important Bermuda stamp duty implications applicable to instruments that trustees of Bermuda law trusts often enter into.