As part of continuing efforts to improve the international tax framework, the OECD has released the first analysis of individual country efforts to improve dispute resolution mechanisms.
A new peer review report by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has rated the Cayman Islands as ‘largely compliant’ with the international standard – a ranking welcomed by Jude Scott, CEO of Cayman Finance.
The Cayman Islands Monetary Authority (CIMA) has appointed Shakira Cox as deputy head of the Banking Supervision Division. Cox is responsible for providing support to the overall operation and management of the division, both on an on-site and off-site basis.
Countries are making major progress towards the goal of creating a fairer and more effective international tax system, including increasing efforts to close down loopholes, improve transparency and ensure that multinational enterprises pay tax where they carry out their activities, according to a new OECD report.
The Department for International Tax Cooperation (DITC) has advised Cayman Islands financial institutions that the notification deadline for US FATCA and the Common Reporting Standard for the calendar year 2016 has been extended to 31 July 2017.
The total number of petition filings across offshore jurisdictions fell by 10 percent in 2016 compared to the previous year, reflecting a continued levelling off since the high-point of 2013, according to a report by law firm Appleby.
The Organisation for Economic Co-operation and Development (OECD) has launched a disclosure facility on its automatic exchange portal that allows individuals to disclose common reporting standard (CRS) tax avoidance schemes.
The Department for International Tax Cooperation (DITC) has issued an Industry Advisory regarding the common reporting standard (CRS), US FATCA, UK CDOT and the EUSD regime, which have a number of implications according to law firm Conyers Dill & Pearman.
As part of a strategy to expand its tax services team, PwC Cayman has announced the addition of two senior hires to its growing tax practice with team members located in the Cayman Islands and Bermuda.
The Cayman Islands Tax Information Authority has issued a revised version of the Common Reporting Standard (CRS) Guidance Notes including the list of jurisdictions that are to be treated by the Cayman Islands as CRS "Reportable Jurisdictions".