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.aspTags: Curaçao
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