(Image skippritchard.com) The Cayman Islands government certainly believes this will be the case. In announcing the conclusion of negotiations for a Model 1 inter-governmental agreement (IGA) to implement the US Foreign Account-Holder Tax Compliance Act (FATCA), the islands’ Minister for Financial Services Wayne Panton declared that the government was “especially pleased that the conclusion of… More Will FATCA Provide Certainty to the Cayman Islands Fund Industry?
Please See Slide show below or access the full Power Point Presentation here: OECD Multilateral Convention
Private enterprise drives growth, reduces poverty, and creates jobs and prosperity for people around the world. Governments have a special responsibility to make proper rules and promote good governance. Fair taxes, increased transparency and open trade are vital drivers of this. We will make a real difference by doing the following: 1. Tax authorities across the world should automatically… More G8 Summit Ends: Here’s What They Have Agreed.
A ‘top-up’ tax charge is imposed by the UK government on its companies if they report profits in jurisdictions with lower tax rates than in the UK. This is usually achieved by UK-multinationals creating transactions with their own subsidiaries to shift profits to so-called ‘tax havens’. The legal basis for this type of ‘anti-tax… More Disconnected Tax and Development Thinking?