FATCA Update – Hong Kong, Luxembourg and Caribbean
By Lisa Smithfrom iexpats As the inexorable countdown towards FATCA starting on July 1, 2014 continues, every few days see more nations signing up to the US Foreign Account Tax Compliance Act (FATCA). FATCA is an international network of tax…
DMS Offshore Investment Services – Best Offshore Regulatory Advisory Firm
By James Williams From Hedgeweek DMS Offshore Investment Services (‘DMS’) was established in the Cayman Islands by Don Seymour (pictured) in 2000. Over the past 14 years it has grown into one of the industry’s leading fund governance firms with…
UK Enters into tax agreements with the Cayman Islands and other offshore jurisdictions
From JDSupra The UK and the Cayman Islands recently entered into an agreement to improve international tax compliance (ITC). Similar to the US Foreign Account Tax Compliance Act (FATCA), the ITC imposes wide-ranging UK financial reporting obligations on financial institutions…
FACTA: Is your fund ready?
By Joan C. Arnold | Pepper Hamilton LLP From JD Supra FATCA – It’s Here, It’s Not Going To Be Delayed And Action May Be Needed By April 25, 2014. Is Your Fund Ready? This article was published in the…
Implications of FATCA for Cayman Islands liquidators
By Jarrod Farley and Michael Makridakis Carey Olsen What is FATCA? FATCA or the Foreign Account Tax Compliance Act, is actually a section of the Hiring Incentives to Restore Employment (HIRE) Act passed into United States law in March 2010,…
7 Deadly myths of FATCA: Cayman Islands Investment Funds
From DMS Offshore Investment Services Introduction It is quite a human trait to live in a state of suspended disbelief – when the news is just too bad to absorb, or when the consequences of an action are too much…
First Standard Automatic
By M.V. | NEW YORK From The Economist “A NEW single global standard on the automatic exchange of information” is unlikely to set too many pulses racing outside the world of tax diplomacy. But the standard in question, unveiled on…
Implications of FATCA for Cayman Islands entities
By Jarrod Farley and Shaun Hardcastle From Carey Olsen WHAT IS FATCA? FATCA or the Foreign Account Tax Compliance Act, is actually a section of the Hiring Incentives to Restore Employment (HIRE) Act passed into United States law in March…
BVI Signs “UK FATCA” and US FACTA is expected to follow
By Aki Corsoni-Husain, Ross Munro From Harneys BVI Signs “UK FATCA” The British Virgin Islands (“BVI”) Government signed an agreement (“UK/BVI IGA”) with the United Kingdom providing for automatic exchange of financial information relating to UK tax payers who hold…
DMS Offshore Investment Services expands FATCA Task Force
Heading off Legislation that Allows IRS Access to Tax Information Related to Offshore Accounts GRAND CAYMAN, Cayman Islands, Feb. 11, 2014 /PRNewswire/ — DMS Offshore Investment Services, the world’s largest fund governance firm, today announced the expansion of the DMS…
