Cayman reaches FATCA agreement with the US

The Cayman Islands government announced last week that negotiations with the US on a Model I intergovernmental agreement and a new tax information exchange agreement have now been concluded. These agreements create the means for automatic exchange of information under the US Foreign Account Tax Compliance Act (FATCA) and should greatly ease compliance with FATCA in the Cayman Islands.

Both governments have initialled the agreements, to indicate intent to sign, and have noted that the official signing will take place as soon as possible.

FATCA is a piece of US legislation and part of the US Hiring Incentives to Restore Employment (HIRE) Act. It was signed into US law on 18 March 2010…

If you are registered and logged in to the site, click on the link below to read the Appleby briefing. If not, please register or sign in with your details below.

Briefings from Appleby

View more briefings from Appleby

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1st Floor
3 Copthall Avenue
London
EC2R 7BH
UK
http://www.applebyglobal.com

Total staff: 528
Partners: 64