The penal withholding tax provisions of FATCA are making it difficult for US citizens to do business with foreign (non-US) financial institutions

At the ECOFIN meeting of 18 February 2020 the EU finance ministers added Cayman to the EU list of non-cooperative jurisdictions for tax purposes.

Brazilian pension funds have started to slowly invest abroad, on the one hand this is an extraordinary opportunity for diversification of assets, well above what the internal market can provide.

The IRS wants to know who you are.

The Cayman Islands currently has in place an intergovernmental agreement (IGA) with each of the United States and the United Kingdom.

On 18 February 2020, the ECOFIN committee of finance ministers of the EU resolved to add the Cayman Islands to the EU blacklist of non-cooperative jurisdictions for tax purposes.

The US Foreign Account Tax Compliance Act is focused on the prevention of tax evasion by US persons and will have significant global impact on businesses both within and outside the United States.

In previous updates we have alerted clients to the introduction of Cayman Islands regulations1, which give effect to the automatic exchange of tax information principles established by the US and UK intergovernmental agreements.

The Cayman Islands is a tax neutral hub that supports global economic growth and recovery.

The EU has announced that following a meeting of the EU's Economic and Financial Affairs Council, the Cayman Islands has been moved to Annex 1 of the EU's list of non-cooperative jurisdictions for tax purposes ...

As the world takes notable and promising steps forward out of the pandemic, Walkers is pleased to see strong positive trends in aviation transactional activity in recent months.

On 18 February 2020, the ECOFIN committee of the European Union resolved to move the Cayman Islands to the EU's Annex I list of non-cooperative jurisdictions for tax purposes.

The deadline for compliance with both US FATCA and UK FATCA fast approaches.

As the world takes notable and promising steps forward out of the pandemic, Walkers is pleased to see strong positive trends in aviation transactional activity in recent months.

In an EU Press Release issued on 18 February 2020, the ECOFIN committee of the European Union ("EU") resolved to move the Cayman Islands to the EU blacklist of non-cooperative jurisdictions for tax purposes (the "EU Blacklist").

Eurobonds listed on the Cayman Islands Stock Exchange (the "CSX") now benefit from the quoted Eurobond exemption for withholding tax purposes.

MMFs are considered by many investors to be a relatively safe and highly liquid investment alternative to simply holding surplus cash in a bank account.

On 29 November 2013, the Cayman Islands government signed a Model 1B (i.e. non-reciprocal) intergovernmental agreement with the United States (the "US IGA").

The US Foreign Account Tax Compliance Act (FATCA) is in the vanguard of a global movement towards the automatic exchange of information on tax matters.

The Cayman Islands continues to hold its position as the leading global domicile for investment funds. This reputation is built on consistent regulatory clarity...