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Cayman Islands News




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

 


UK, Netherlands Biggest 'Conduits' For Offshore Investment

by Amanda Banks, Tax-News.com, London

Wednesday, July 26, 2017

Researchers at the University of Amsterdam have looked at how corporations make use of particular countries and jurisdictions to minimize their tax liabilities. Read Full Story

 


IMF Reports On CARICOM Tax Reform Efforts

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 6, 2017

Caribbean Community member states have benefitted from the introduction of value-added taxes, but more reform is needed, says a new paper from the International Monetary Fund. Read Full Story

 

 

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