The Cayman Islands Department for International Tax Cooperation on April 13 issued guidance for financial institutions on the common reporting . . .
The Cayman Islands and Belize have become members of the “Inclusive Framework on BEPS,” the OECD announced today. The inclusive framework is a group of countries that have pledged to put into place minimum standards aimed at preventing tax avoidance and improving . . .
The Swiss government has today announced a consultation on commencing automatic exchange of information in tax matters with 22 countries, writes Davide Anghileri, a lecturer at the University of Lausanne . . .
The Isle of Man government announced this week that three tax information exchange agreements signed with other nations. . .
See: Caribbean News Now.
The Cayman Islands will not adopt a public central register of beneficial owners of companies and other entities, the government confirmed December 30, in a report following a consultation on the matter. The government did commit to improving its current system of providing beneficial ownership information to law enforcement, tax, and regulatory . . .
The Isle of Man signed a tax information exchange agreement (TIEA) with the Cayman Islands on September 22 . . .
OECD tax officials have expressed dissatisfaction with a blacklist of 30 tax havens prepared by the European Commission, as have several countries on the list . . .
The magnitude of profit shifting by American companies "may be significant," a US Congressional Research Service (CRS) report has concluded. The report, released April 30, found that about 50 percent of the $1.2 trillion in overseas profit reported by American . . .