46 results found

The Government of the Cayman Islands signed a tax information exchange agreement with the Republic of Brazil on 19th March 2013.

he Cayman Islands government has indicated to the British government that it is committed to joining the G5 pilot.

The Cayman Islands continues to push forward with adoption of this OECD reporting framework under the BEPS initiative.

Walkers has recently worked with ICLG to create a Private Client guide exploring the jurisdiction of the Cayman Islands for 2021.

Singapore managing partner John Rogers has recently been discussing offshore opportunities in the India Business Law Journal February 2016 Volume 9 Issue 7.

Continuing its ongoing commitment to the development and maintenance of the very highest standards of economic and financial propriety,

Sir, with his comments on the role of the overseas territories, Labour leader Ed Miliband shows himself as more hopelessly out of touch in relation to international tax avoidance than in relation to domestic matters.

In affirming its commitment to improving cross-border cooperation, the government of The Bahamas has on 4 August 2011 signed a Tax Information Exchange Agreement with the Republic of Korea.

The Cayman Islands has introduced a new local nexus requirement for Common Reporting Standard compliance, mandating that Financial Institutions appoint a Principal Point of Contact with a physical presence in the Cayman Islands. With the 31 January 2027 deadline approaching and penalties of CI$10,000 for non-compliance, FIs must urgently review their current registrations and ensure their appointed contacts meet the updated territorial requirements.

A working group, comprising public- and private-sector representatives, is assisting with the development of the Cayman Islands’ legal framework for the automatic exchange of information (AEOI) for tax purposes, in order to respond to international initiatives that include US and UK FATCA.

Brian Sapadin, Executive Director of GlobeTax, discusses the benefits of tax reclamation and the opportunities presented by the new Cayman LLC draft legislation.

The Cayman Islands has implemented new regulations requiring every Cayman Financial Institution to designate a Principal Point of Contact based locally, with an extended compliance deadline now set for January 2027. This development represents a significant component of the jurisdiction's broader CRS 2.0 implementation framework, creating new operational obligations for financial institutions operating in the territory.

Everybody hates FATCA and all its siblings — UK FATCA and the multilateral pilot for automatic exchange of information.

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

41% are reviewing their investment structures to ensure they are BEPS-compliant

The US Treasury and IRS have recently issued Announcement 2014-17, which essentially clarifies two important aspects of the implementation of FATCA.

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.