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Press Releases 2013

Authority Appoints Managing Director
The Auditors Oversight Authority (AOA) has appointed Mr Donald Cockburn as its first managing director. 6th December 2013, 1:38pm
Cayman and the US Sign FATCA Agreement
The Cayman Islands and the US today signed an agreement that paves the way for automatic exchange of tax information under US FATCA. 29th November 2013, 11:34am
Cayman, Poland Sign Tax Information Exchange Agreement
The Cayman Islands and Poland today signed a tax information exchange agreement (TIEA), in support of global transparency and tax initiatives. 29th November 2013, 9:00am
Cayman Confirmed to Key Global Forum Position; Does Well in Ratings
The Cayman Islands has been confirmed as one of the vice chairs of the Peer Review Group for the Global Forum on Transparency and Exchange of Information for Tax Purposes. 25th November 2013, 4:22pm
Convention on Tax Assistance Extended to Cayman
– Representing a significant development in the Cayman Islands’ transparency framework, the OECD/Council of Europe Convention on Mutual Assistance in Tax Matters has been extended to the jurisdiction, and will become effective on 1 January 2014.  5th November 2013, 4:53pm
Cayman, UK Sign ‘FATCA’-type Agreement
The Cayman Islands and the UK today signed a ‘FATCA’-type intergovernmental agreement (IGA), preparing the way for Cayman to automatically share financial information with the UK on UK taxpayers who hold Cayman Islands accounts. 5th November 2013, 1:27pm
Statement on the Commencement of Cayman’s Consultation on G8 Action Plan
Cayman Commences Consultation on G8 Action Plan  4th November 2013, 4:44pm
Update on US, UK FATCA Signings
The Cayman Islands Government expects to announce the timeframe for the signing of an IGA with both the US and the UK on FATCA in the near future. 11th October 2013, 8:48am
Cayman Asks to Be Included in Tax Convention
The Cayman Islands Government has formally asked the United Kingdom to extend its membership in the OECD/Council of the Europe Convention on Mutual Administrative Assistance in Tax Matters (the convention) to the Cayman Islands.  5th September 2013, 6:34pm
Cayman and US Conclude FATCA Negotiations
George Town, Grand Cayman – The Cayman Islands Government (CIG) today announced that it has concluded negotiations with the United States on a Model 1 intergovernmental agreement (IGA), and a new tax information exchange agreement (TIEA).  13th August 2013, 5:04pm
Premier Speaks about Action Plan
Noting that beneficial ownership information has been collected and updated in Cayman for more than a decade, the Premier outlines Cayman's action plan. 18th June 2013, 6:13pm
Cayman’s Action Plan Includes Beneficial Ownership
The plan underscores our commitment to accepted global advancements against tax evasion. 18th June 2013, 5:13pm
Cayman Confirms Agreements during Pre G8 Meeting
Cayman says the UK Prime Minister's acknowledgements of our achievements is a significant step forward.  15th June 2013, 5:08pm
Cayman Writes UK on Convention
Following years of early adoption on global tax and transparency initiatives, Cayman says it is prepared to commit to the Convention on Mutual Administrative Assistance in Tax Matters. 15th June 2013, 12:00pm
Cayman Agrees to Action Plan
The Cayman Islands Government has issued a statement following the UK Prime Minister’s Meeting on Tax Evasion.  15th June 2013, 7:48am
Cayman Will Commit to Multilateral Convention
The Cayman Islands Government announced that it is prepared to commit to the Convention on Mutual Administrative Assistance in Tax Matters 10th June 2013, 11:30am
Southport Re Domiciles in Cayman
Southport Re (Cayman) Ltd. is the first insurer in the Cayman Islands to take advantage of the jurisdiction’s recently amended Insurance Law. 29th May 2013, 8:11am
G5 Multilateral Exchange Pilot
The Cayman Islands has communicated to the UK Government that it is committed to joining the G5 pilot on multilateral automatic exchange of tax information. 25th April 2013, 2:54pm
Cayman’s Exchange Process 'Well Organised'
An independent assessment finds the Cayman Islands’ legal and regulatory systems to be transparent and robust. 15th April 2013, 10:36am
Amendment Allows for AIFMD Compliance
The Cayman Islands Government has passed an amendment that allows the jurisdiction’s regulator to enter into memoranda of understanding with its EU counterparts. 26th March 2013, 9:01am
Cayman Islands, Brazil to Exchange Tax Information
The Cayman Islands Government signed its 31st Tax Information Exchange Agreement (TIEA) with the Republic of Brazil on Tuesday, 19 March. 22nd March 2013, 10:37am
Cayman Opts for Model 1 IGA for FATCA
Cayman Islands Government today announced that it would adopt a Model 1 intergovernmental agreement (IGA) in response to the US Foreign Account Tax Compliance Act (FATCA). 15th March 2013, 2:38pm
Entrepreneurship Day Event
The Department of Commerce and Investment (DCI) will launch Cayman Entrepreneurship Day (CED) on Thursday, 11 April 2013 at the Family Life Centre. 25th February 2013, 12:12pm
Cayman Signs 30th TIEA
The Cayman Islands recently signed a Tax Information Exchange Agreement with Italy. 11th January 2013, 11:11am
 

For more information, please contact the Financial Services Secretariat at (345) 945-5819 or via email at financepr@gov.ky.