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