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…
2016 Key Milestones: Cayman Islands
From Deloitte Closing the distance Global Financial Services Industry Reporting deadlines and other key compliance milestones in the Cayman Islands are approaching. Given the specific notification to the Cayman Tax Authority requirement and the complexity of the key milestones for…
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…
Additional OECD CRS self-certifications required
Additional OECD CRS self-certifications required from investors subscribing to Cayman Islands (and other non-U.S.) investment funds on or after January 1, 2016 December 17, 2015 From Schulte Roth & Zabel The Cayman Islands (along with the United Kingdom, Ireland, Jersey,…
Global FATCA: Let’s go it again
By Roman Ipfling from DMS Roman Ipfling is a Director and Global Leader of the International Tax Compliance Group at DMS Offshore Investment Services and is based in the Cayman Islands. Fifty-three jurisdictions have agreed to automatic ex- change of…
Cayman Islands and the CRS
From Walkers What Financial Institutions need to know 9 December 2015 Introduction to the CRS On 29 October 2014, the Cayman Islands was among 50 other jurisdictions which signed a Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account…
Cayman Islands Automatic Exchange of Information Update
By Tim Clipstone, Christopher Capewell, Tim Dawson, Tim Frawley, Patrick Head, Martin Livingston, Alasdair Robertson, Tahir Jawed, Andrew Quinn, Richard Grasby, Harjit Kaur, Michael Gagie Corporate, Finance, Investment Funds, Regulatory & Financial Services, FATCA Cayman Islands From Maples and Calder…
Cayman Islands issues self-certification templates and participating jurisdiction list
From FTSE Global Markets Wednesday, 09 December 2015 The Cayman Islands Ministry of Financial Services’ Department for International Tax Cooperation (DITC) on 8 December 2015 issued an industry advisory regarding the ongoing implementation of the Common Reporting Standard (CRS) in…
The Editor Speaks: The end of secrecy?
On November 24th 2014 The Tax Justice Network issued a 64 page “Final Report” – “The end of bank secrecy”? Bridging the gap to effective automatic information exchange. An Evaluation of OECD’s Common Reporting Standard (CRS) and its alternatives. It…
OECD publishes guidance on international standard for automatic exchange of tax information
From Out-Law.com A ‘handbook’ giving guidance on the new global standard for automatic exchange of financial account information and a guide to designing an offshore tax disclosure programme have been published by the Organisation for Economic Cooperation and Development (OECD)….
