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22 January 2014
Cayman
Reporter Daniel Jackson

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Cayman event puts tax under the spotlight

A seminar hosted by Cayman Finance aims to take a closer look at tax and information sharing.

The seminar, sponsored by PricewaterhouseCoopers, Ignition, and Markit, will closely examine onshore international tax initiatives, FATCA, the IRS online portal as well as other topics.

Speakers will include Martin Livingston and Justin Appleyard of Maples and Calder, and Duncan Nicol from the Cayman Islands Tax Information Authority.

Former Cayman Islands Monetary Authority chairman, Timothy Ridley, will be looking at the 15 points action plan created by the OECD and the implications for Cayman’s financial sector.

Duncan Nicol of the Tax Information Authority will offer perspective on the move towards the automatic exchange of information as the new international standard.

FATCA will also be on the agenda. Delegates will discuss its implementation, the registration process, and its impact on specific industry sectors.

Cayman Finance CEO, Gonzalo Jalles, said: “FATCA, among other new regulations, will have an impact on a great many facets of our financial services industry and is expected to be followed by many others that are likely to change the shape of our industry. Cayman Finance believed it was important to bring together experts and leaders working in the field of taxation and to put together a seminar to provide answers to many of the questions industry professionals may have as new policies are implemented beginning as early as next year.”

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