Conyers Dill & Pearman

Offshore Top 30 position: 6

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

Sign in

Register

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

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

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.

Overview

10 Dominion Street
London
EC2M 2EE
UK
http://www.conyersdill.com

Qualified lawyers: 128
Partners: 49