03/28/2018
All Cayman Financial Institutions must remediate any affected accounts by 31 December 2018 so that they are in a position to report on Controlling Persons who are Reportable Persons under the CRS in 2019 based on the 10 per cent threshold.
03/27/2018
Subcommittee of MPs to investigate facilitation of avoidance, in wake of Panama and Paradise Papers
03/27/2018
Acknowledging the concern and apprehension whenever ‘tax reform’ is mentioned, Mr Paton said it will have to be implemented in a way that broadens the base without increasing the burden on individual Bahamians and businesses.
03/26/2018
EU tax committee to focus on Crown Dependencies
Move follows Paradise Papers revelations
03/26/2018
Turks and Caicos : Financial institutions must file accounts reports
Financial institutions will be required to notify and report information to the ITA via Exchange of Information Unit (EOIU).
03/23/2018
OECD issues interim report on tax challenges arising from digitalization
There is no consensus agreement among countries over the tax implications of scale without mass and a greater reliance on intangibles.
03/23/2018
Cayman Islands AEOI portal reopens with new guidance
Cayman FIs with external service providers, such as administrators, undertaking their CRS due diligence should discuss this requirement with their service provider to ensure that it is being met.
03/23/2018
Corporate Taxation On The Way For Bahamas
The new Bill also tackles another EU concern by eliminating ‘ring fencing’, or the existence of preferential tax regimes for foreigners/non-resident entities, by enabling IBCs and the other corporate entities to conduct business in the domesti
03/22/2018
Following a consultation period, the Swiss government released the final version of its latest reform proposal on Wednesday.
03/21/2018
The collective value of the properties comes to £773m. However, as only a fifth of properties within the data provide a sale price, the true figure could be as high as £3.5 billion.
03/21/2018
Sabrina Scarna, a tax lawyer with Tetra Law, also believes that the lack of fines is logical at this stage.
03/21/2018
Cayman continues to refine its laws and regulatory framework to ensure it meets the ever-increasing demands of the private equity industry and has proven its ability to respond and adapt to demands from around the world.
03/21/2018
The backing of the amendment follows the release of the EU blacklist in December, which has drawn criticism for not including any EU states.
03/16/2018
Whether CMC of a Guernsey company is exercised in the UK is question of fact.
03/16/2018
The paper is generally focussed on what platforms can do to educate users
03/15/2018
This criterion was the one used to justify yesterday’s ‘blacklisting’ of the Bahamas.
03/15/2018
Offshore tax havens are providing more information to U.S. authorities than they have in the past, according to Jonathan Strouse
03/15/2018
This is not simply based on raw data but is intended to reflect the depth of user contribution to the profit model of the group.
03/15/2018
This article briefly sets out the changes we can expect, particularly in respect of trusts.
03/14/2018
The original list contained 17 jurisdictions, but eight were removed after one month.