The Cayman Islands and the US sign FATCA agreement
On 29 November 2013 in London, the Cayman Islands and US governments entered into an agreement paving the way for the automatic exchange of tax information under the US Foreign Account Tax Compliance Act (FATCA).
In addition to signing the agreement, the two governments also signed a new tax exchange agreement (TIEA) that replaces the original TIEA signed in 2001. The new TIEA provides the mechanisms by which tax information will be automatically exchanged between the two countries.
FATCA imposes due diligence, information reporting and control burdens on a range of non-US financial intermediaries and investment entities (foreign financial institutions or FFIs), including banks and other financial institutions, investment funds and other collective investment vehicles, as well as certain insurance companies…
If you are registered and logged in to the site, click on the link below to read the rest of the Conyers Dill & Pearman briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Conyers Dill & Pearman
News from The Lawyer
Briefings from Conyers Dill & Pearman
The BVI Commercial Court, consistent with its reputation as a world-class centre of dispute resolution, has long shown itself to be arbitration-friendly.
Financial institutions will need to adopt onboarding procedures for new investors