The Cayman Islands government has indicated to the British government that it is committed to joining the G5 pilot, announced in April by the UK, France, Germany, Italy and Spain, on multilateral automatic exchange of tax information.
The pilot is based on the model agreements negotiated by the five countries with the United States government to comply with the US Foreign Account Tax Compliance Act.
Originally published in Caymanian Compass
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.