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Cayman Signs TIEA With The Netherlands Antilles,
by Phillip Morton, Investors Offshore.com
Thursday, November 05, 2009
The Cayman Islands signed a Tax Information Exchange Agreement (TIEA) with the
Netherlands Antilles on October 29, 2009, whilst attending the Caribbean Financial Action Task Force (CFATF) plenary,
held in Curacao.
The agreement, which is Cayman’s fourteenth, was signed on behalf of
the Cayman Islands by the Cayman Attorney General, Samuel Bulgin.
Commenting on the signing of the agreement, Bulgin stated: “This
signing represents the Cayman Islands’ continued commitment to OECD standards
for transparency and exchange of information on tax matters. It will commemorate
the beginning of what I am sure will be a mutually-rewarding relationship between
the Cayman Islands and the Netherlands Antilles.”
According to the Cayman government, negotiations have also been completed with
a number of other countries, including Aruba, Australia, Canada, Germany, Italy
and Mexico and it is anticipated that agreements will be signed before the end
of 2009.
Negotiations are also currently ongoing with a further ten jurisdictions: Argentina, Belgium, China, Czech Republic, India, Japan, Korea,
Portugal, Spain and South Africa.
A comprehensive report in our Intelligence Report series,
examining in depth the situation of offshore transparency and secrecy in a number
of the most prominent jurisdictions, is available in the Lowtax Library at
http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report2.asp
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