Regulatory amendments for compliance with and enforcement of the Common Reporting Standard in the Cayman Islands
From pwc In brief The Cayman Islands government recently approved the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2016 (Second Tranche). The primary purpose of the Second Tranche is to ensure effective implementation of the Common…
Tax Agreements with British Virgin Islands, Cayman Islands and Romania enter into force
The Isle of Man Government’s Agreements for the Exchange of Information Relating to Tax Matters with the Governments of the British Virgin Islands, the Cayman Islands and Romania have entered into force. The agreements with the British Virgin Islands and…
Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance
From Offshore Bankers The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries. With…
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Letter to the Financial Times From Anthony Travers Chairman, Cayman Islands Stock Exchange
Letter to the Financial Times 7th April 2016. Sir, Much as Jeremy Corbyn, the Labour party leader, may secretly admire Lord Palmerston, sending a gunboat to the Cayman Islands is constitutionally impermissible (“Cameron accused of backing down on tax havens”,…
FATCA deadlines coming up
By Michael Cohn From Accounting Today Banks that deal with international tax reporting are facing a slew of upcoming deadlines and regulations. Among them are those related to FATCA, the Foreign Account Tax and Compliance Act that was included as…
Common Reporting Standard must include all major financial centres to be effective, warns the IFC Forum
The global tax compliance landscape has significantly evolved in recent years as governments, international bodies and financial institutions have come together to share information to tackle cross-border tax evasion. Most recently, the OECD launched the Common Reporting Standard (CRS) to…
