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Cayman Islands gives FIs until July 31, 2019 to file FATCA and CRS reports
By Aureon Herron-Hinds & Tamarah Francois-Peek From RSM Cayman Islands has announced that it will accept Cayman FATCA and CRS reports (which were originally due on May 31, 2019) through July 31, 2019 and that these late returns will not be subject…
Cayman Islands financial institutions to face new CRS reporting thresholds, self-cert requirements
From MNE Tax By Denise M. Hintzke & Douglas Scott, Deloitte Tax LLP While many of the world’s tax compliance professionals rightly focused on completing Cayman FATCA/CRS reporting before the reporting portal was temporarily taken offline on Friday, June 1,…
Cayman Islands: Q&A with Bradley Kruger: The offshore perspective on blockchain and cryptocurrencies
Ogier From Lexology Cayman Islands January 15 2018 Bradley Kruger is a partner in Ogier’s Cayman team, and heads the firms Caribbean and Asia corporate practice. In this Q&A he explores the offshore perspective on blockchain and crypto-currencies. What do…
Cayman Islands co-operation puts clients first
From Executive Global As global strides towards transparency start to become a reality, beneficial owners around the world have recognised the growing attractiveness of a Cayman Islands corporate address or asset domicile, now that information sharing between governments becomes the…
Cayman Islands provides final extension for US FATCA & CRS reportin
From RSM The Cayman Islands have recently extended the filing deadline for Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standards (CRS) reports to Aug. 31, 2017. This new one month extension marks the last time the Cayman government…
Cayman Islands AEOI Portal for CRS Notification and FATCA Reporting Is Open: Several Deadlines Have Been Extended
By Harold Adrion From Eisner Amper The Cayman Islands Department for International Tax Cooperation has opened its Automatic Exchange of Information Portal (AEOI Portal) for notifications for the Common Reporting Standard (CRS) and FATCA reporting. It has also released a…
WSJ: IRS Using New Tools to Find If You Are Hiding Money Overseas
By F McGuire From Newsmax The Internal Revenue Service reportedly is getting better at finding secret stashes of overseas cash. As a result of the government’s prying eyes, “tax evaders are receiving harsher penalties than ever, including prison,” The Wall…
Caribbean Collateral Damage of U.S. National Security Policy
By Richard Bernal Senior Associate (Non-resident), Americas Program From Center for Strategic and International Studies The United States is the main economic partner of the countries in the Caribbean. These small developing countries are long-standing friends and consistent allies. In…
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Caribbean fraud talks on next week
By Nadaleen Singh From The Guardian T&T Five per cent of annual revenue earned by companies internationally disappears as a result of fraud. This comes from Jerome Chambers, director, Global Forensic Institute (GFI) in T&T, who quoted from the 2016,…
Cayman Islands survey reveals most prepared for FACTA
A recent survey carried out on 105 respondents from the financial services industry suggested that most are well prepared for the FATCA regime in the Cayman Islands. The survey was carried out by local consulting firm FTS during the period…
