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…
Cayman Fund sector rises to regulatory challenges
Article by David Roberts Cayman Finance From Mondaq With a demonstrable commitment towards transparency, alongside new legislation, which has left the jurisdiction advantageously positioned for the implementation of global regulatory reform, recent events in the Cayman Islands have served to…
Cayman Islands: Getting up to date on FATCA – a recap and update
By Tim Dawson Cayman Finance From Mondaq What is FATCA? FATCA refers to US legislation more fully known as the Foreign Account Tax Compliance Act and includes the US Treasury regulations implementing it. It was enacted as part of the Hiring…
Cayman Islands Tax Summary – International Tax Lawyers
From Golding & Golding There is a reason why the Cayman Islands is considered one of the top Tax Havens in the world. Even though the Cayman Islands utilizes general accounting principles, there is almost no traditional tax in the…
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…
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…
U.S. signs tax pacts with U.K. and Australia
By Michael Cohn Washington, D.C. From Accounting Today (September 24, 2015) The U.S. government has signed “competent authority arrangements” with the United Kingdom and Australia to advance their intergovernmental agreements to combat tax evasion under the Foreign Account Tax Compliance…
[US] IRS targets secret offshore bank accounts
By Lisa Smith From iExpats US taxpayers with secret bank accounts in Belize are about to feel the full force of the Internal Revenue Service (IRS). A federal court in Miami has issued summonses against Belize Bank International and Belize…
