Seminar planned for possible 6,000 individuals affected by FATCA
To be held at the Westin Grand Cayman on Thursday 3rd October from 4:00 – 6:00 PM, all persons born in the US, holding a US passport or a green card, or who have a US address are encouraged to attend and find out more about what needs to be done to prepare themselves for compliance.
“This may be an American law, but it has impact and consequences in the Cayman Islands as well. Everyone with a close US connection will likely be affected by FATCA to some degree,” he warns.
Minister Panton said he is delighted his Ministry is again teaming up with Cayman Finance to ensure this important information reaches as broad an audience as possible.
“We have continued to strengthen our relationship with Cayman Finance, and we are very happy to be able to reinforce our message by joining forces with the private sector in this way,” he states.
“The way taxes are levied in the US means, for example, all Caymanians born in the US (even if they never lived there nor have a US passport) are liable to pay taxes and file tax returns yearly,” he explains. “FATCA will expose those persons who have not been complying with the US tax law, including some Caymanians. It is therefore vital people are fully aware of how the legislation can impact them.”
The Seminar is sponsored by Dillon Eustace and KPMG. Confirmed speakers include Councillor Roy McTaggart with the Ministry for Financial Services; Steven L. Cantor, Cantor & Webb P.A.; and Doug Harrell of KPMG.
To register, please visit www.caymanfinance.ky