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Cayman Islands: ‘CRS 101’ seminar aims to help firms prepare
As local financial services firms look to finalise their preparations for the OECD’s Common Reporting Standards (CRS), a seminar aims to help them to be ready for the country’s latest financial services initiative. Local consulting firm FTS is organizing a…
Cayman Islands: FATCA repeal on agenda of US Republicans
From IFC Review. Washington’s Foreign Accounts Tax Compliance Act, known as FATCA, will be assailed afresh as lawyers and lobbyists renew efforts to repeal the law as part of President Donald Trump’s tax reform, reports Cayman Compass. Washington-based Jim Jatras,…
Cayman Islands extends CRS notification and reporting dates
By Hatice Ismail, Martin Shah From Simmons & Simmonds elexica The Cayman Islands have announced that they are pushing back by two months the 2017 deadlines for Cayman Financial Institutions (FIs) to notify their status to the Cayman Islands Tax Information Authority…
ON THE RIGHT: Adverse effect on region’s economies
By Dr Richard Bernal From Nation News Barbados Correspondent Banking is of serious concern to the countries of the Caribbean, the diaspora in the United States and to the financial institutions in both the Caribbean and in New York City,…
Caribbean Assn of Banks voices support for National Bankers Assn on FATCA
By Caribbean Association of Banks Inc PRESS RELEASE – The Caribbean Association of Banks (CAB) fully supports Bankers Associations at the country level, in their efforts to have their respective governments finalize their FATCA (Foreign Account Tax Compliance Act) Inter-…
The evolution of independent governance and board diversity
From hedgeweek Individuals who serve as independent non-executive directors, like it or not, operate in a role which is constantly evolving. This evolution is not only in parallel with changes in investment funds business but also in terms of regulation…
The Cayman Islands and the Common Reporting Standard
From Conyers Dill & Pearman The Cayman Islands and the Common Reporting Standard Issued by The Organisation for Economic Co-Operation and Development Preface This publication has been prepared to provide an overview of the common reporting standard issued by the…
Cayman Islands further extends US/UK FATCA deadline
From DMS The Cayman Islands Department of International Tax Cooperation (DITC) has again extended the notification and reporting deadlines for both UK CDOT and US FATCA. Notifications and reports are now due by Friday, September 2, 2016. There will be…
Cayman Islands FATCA/CRS Compliance Deadlines (2016)
By The Foley Adviser From FoleyHoag Cayman Islands investment entities are currently subject to three separate regimes relating to financial account information reporting: U.S. FATCA, U.K. FATCA and the OECD Common Reporting Standard (CRS). Although these regimes are similar, each…
Cayman Islands extends 2016 deadlines for FATCA reporting and notification
From Simmons & Simmons elixica The Cayman Islands is extending the Foreign Account Tax Compliance Act (FATCA) reporting and notification deadlines for 2016. Submitted 13 April 2016 Applicable Law UK, USA, Cayman Islands Topic Tax Asset Management Investment Bank Regulatory…
