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.
News from Appleby
News from The Lawyer
Briefings from Appleby
Bermuda’s legal framework facilitates the creation of flexible and economically viable co-investment vehicles within a stable and business-friendly jurisdiction.
Feltham v Bouskell provides a cautionary tale for lawyers regarding the need to act quickly upon the receipt of instructions from elderly or ill clients.
Analysis from The Lawyer
The past quarter has been busy for the offshore sector as firms have looked to capitalise on globalisation, while workflow has remained high
Business is booming in the Isle of Man, a small jurisdiction that thinks big