Cayman Islands: Cayman Islands Economic Substance Requirements – Overview
By Nick Rogers and David McIntyreOgier From Mondaq From 1 January 2019, new legislation came into effect in the Cayman Islands, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in Cayman. The International Tax Co-operation (Economic Substance)…
Cayman Island residents challenge tax information exchange with IRS
From The Tax Times Two Cayman residents are challenging a decision by the Tax Information Authority to comply with a tax information exchange request by the U.S. Internal Revenue Service. Lee and Sheila Aronfeld are naturalized citizens of the Cayman…
