CRS and FATCA expert

Cayman CRS Guidance Part 2: Entity Equity-Interest Holders

Peter Cotorceanu Blog, Cayman Guidance Notes, CRS, Entity Equity, Interest Holders, OECD

In the last blog, we looked at several aspects of the Cayman CRS guidance that go above and beyond what CRS itself requires. In today’s blog, we look at a different aspect of the Cayman guidance. At first blush, this aspect appears to follow a requirement of the OECD’s CRS Implementation Handbook that flatly contradicts CRS. Read closely, however, it …

CRS and FATCA expert

The new Cayman Guidance Notes: CRS on Steroids?

Peter Cotorceanu Cayman Guidance Notes, CRS

CRS’s global success depends on the integrity of local enforcement, especially in traditional “tax havens”. Cayman’s new CRS guidance notes put its financial services industry on notice that CRS will be enforced vigorously on the Islands. The new guidance notes were issued on 13 April 2017. They came hot on the heels of the previous draft, which was issued on …