Cayman Islands News

Netherlands Begins International Tax System Review
by Ulrika Lomas, Tax-News.com, Brussels
Friday, September 28, 2018
The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules. Read Full Story

Cayman Islands' Government Promises No New Taxes
by Mike Godfrey, Tax-News.com, Washington
Monday, June 4, 2018
Cayman Finance Minister Roy McTaggart told a recent Chamber of Commerce economic forum that no "coercive revenue measures" will be introduced during the government's term in office, which ends in 2021. Read Full Story

Cayman Launches CbC Reporting Portal
by Mike Godfrey, Tax-News.com, Washington
Friday, May 11, 2018
The Cayman Islands' country-by-country (CbC) reporting portal is now open, with the first CbC reports due from some taxpayers by the end of the month. Read Full Story

Cayman Guides On Compliance With CbC Reporting, FATCA, CRS
by Mike Godfrey, Tax-News.com, Washington
Friday, April 6, 2018
The Cayman Islands has released new guidance on the obligation on large multinational groups to file a country-by-country report in the territory and also an update on Common Reporting Standard and US Foreign Account Tax Compliance Act reporting. Read Full Story

Cayman Eases Deadline For CbC Reporting
by Jason Gorringe, Tax-News.com, London
Wednesday, February 14, 2018
Authorities in the Cayman Islands have pushed back the deadline for notifying local authorities of which entity will file a country-by-country report, and for filing the first reports. Read Full Story

Cayman Budget Targets Budget Surpluses
by Mike Godfrey, Tax-News.com, Washington
Thursday, November 2, 2017
The Cayman Islands' Premier, Alden McLaughlin, recently delivered the territory's first two-year budget, which was notable for the absence of new borrowing or revenue-raising measures. Read Full Story

Cayman Islands Refutes Tax Haven Label
by Mike Godfrey, Tax-News.com, Washington
Friday, October 27, 2017
Jude Scott, CEO of the Cayman Islands' financial services promotion agency, Cayman Finance, has taken aim at a report labeling the territory as a "tax haven." Read Full Story

HMRC Shuts Down 'Liberty' Tax Avoidance Scheme
by Jason Gorringe, Tax-news.com, London
Monday, October 23, 2017
HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands. Read Full Story

OECD Global Forum Moving On To Beneficial Ownership
by Jason Gorringe, Tax-News.com, London
Monday, August 21, 2017
The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has published the first 10 outcomes of a new and enhanced peer review process for assessing compliance with international tax transparency standards. Read Full Story

Turkey Tops New Tax Complexity Index
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, July 27, 2017
Turkey is the jurisdiction with the world's most complex tax and accounting requirements, according to a new report by TMF Group. Read Full Story
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