As expected, the European Council announced on 6 October 2020 that the Cayman Islands has been removed from the EU's list of non-cooperative jurisdictions in tax matters (Annex I).
Jersey property unit trusts (or "JPUTs") have for many years been a very popular vehicle through which to acquire and hold UK commercial real estate.
With the 15 September deadline to appoint a designated US Partner Representative around the corner, do you know who your partnership will choose?
Along with its fellow Crown Dependencies and Overseas Territories, the Cayman Islands now has comprehensive economic substance legislation...
Cayman Islands Government
The Tax Information Authority (Amendment) Bill, 2020 was gazetted on Friday, 29 May and will be presented by the Minister of Financial Services at the next meeting of the Legislative Assembly.
On 15 April 2020, the Cayman Islands Department for International Tax Cooperation ("DITC") issued an industry advisory (the "Advisory") which provides information on the newly introduced CRS
On 20 February 2020, the Cayman Islands enacted the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2020 (the "CRS Amendment") and the …
The Tax Justice Network (TJN) is once again publishing misleading and inaccurate information about the Cayman Islands and appears to be more focused on entertainment than reality.
Kirkland & Ellis International LLP
In an EU Press Release issued on 18 February 2020, the ECOFIN committee of the European Union ("EU") resolved to move the Cayman Islands to the EU blacklist of non-cooperative jurisdictions for tax purposes (the "EU Blacklist").
The EU has announced that following a meeting of the EU's Economic and Financial Affairs Council, the Cayman Islands has been moved to Annex 1 of the EU's list of non-cooperative jurisdictions for tax purposes ...
Cayman Islands Government
The Government of the Cayman Islands is aware of media reports on the ongoing revision of the EU list of non-cooperative jurisdictions for tax purposes.
The Cayman Islands Tax Neutral regime is a globally responsible tax model that is simple and transparent and efficiently supports ...
The Cayman Islands Department for International Tax Cooperation has issued an Industry Advisory to update the relevant dates for reporting under the Foreign Account Tax Compliance Act and the Common Reporting Standard.
Arendt & Medernach
In a press release issued on 6 October 2020, the Council of the EU announced its decision to make changes to the EU list of non-cooperative jurisdictions for tax purposes (the "EU blacklist").
In a positive development for the jurisdiction, EU ministers have removed the Cayman Islands from their blacklist of ‘non-cooperative jurisdictions for tax purposes'.
Ropes & Gray LLP
In a keenly anticipated development the Cayman Islands was removed from the EU list of non-cooperative tax jurisdictions (the "EU blacklist") on 6 October 2020 after adopting reforms relating to...
Council Directive (EU) 2018/822 (the "Directive" and "DAC6") imposes a new obligation on EU based "intermediaries" (as well as taxpayers in certain circumstances) to report on certain "cross-border arrangements"...
On the 18th February 2020, the European Council (the ‘EC') adopted a revised list of non-cooperative jurisdictions for tax purposes.
Proskauer Rose LLP
On 18 February 2020, the ECOFIN committee of finance ministers of the EU resolved to add the Cayman Islands to the EU blacklist of non-cooperative jurisdictions for tax purposes.
On 18 February 2020, the ECOFIN committee of the European Union resolved to move the Cayman Islands to the EU's Annex I list of non-cooperative jurisdictions for tax purposes.