The Cayman Ministry of Financial Services has launched a consultation on the changes needed to enable public access to beneficial ownership information.
Lowtax.net News: Cayman Rules Out New Taxes In Response To COVID-19
The Government of the Cayman Islands has ruled out the introduction of direct taxes or new indirect taxes in response to the COVID-19 pandemic.
Lowtax.net News: COVID-19: Cayman Waives Tourist Accommodation Tax
The Cayman Government has approved an exemption from tourist accommodation tax for the period April 1, 2020, to September 30, 2020.
Lowtax.net News: Cayman Commits To Making Beneficial Ownership Info Public
The Government of the Cayman Islands has announced plans to introduce a public register of beneficial ownership.
Lowtax.net News: Cayman Explains How To Comply With New Economic Substance Rules
The Cayman Government has set out how companies should comply with new economic substance requirements, which must be met for certain companies to access the territory’s tax regime.
Lowtax.net News: Progress Being Made On Closing ‚Harmful‘ Tax Regimes: OECD
The OECD has issued another update on jurisdictions‘ progress to amend their preferential tax regimes to remove harmful elements under the OECD base erosion and profit shifting Action Plan minimum standard on harmful tax regimes (Action 5).
Lowtax.net News: Cayman To Broaden Regulation Of Securities And Investments
The Cayman Islands plans to broaden the territory’s regulatory regime for securities and investments.
Lowtax.net News: Cayman Considering Legal Challenge To UK Beneficial Ownership Law
Cayman Premier Alden McLaughlin met with lawyers in London on Monday to discuss the territory’s constitutional relationship with the UK in light of UK legislation forcing the territory to set up a publicly accessible register on the beneficial ownership of legal entities.
Lowtax.net News: British OTs Must Introduce Public Beneficial Ownership Registers
The UK’s 14 Overseas Territories must bring in publicly accessible registers concerning the beneficial ownership of legal entities or face having them imposed by the UK, following Royal Assent to the UK Sanctions and Anti-Money Laundering Act 2018 on May 23, 2018.
Lowtax.net News: UK Overseas Territories Hope To Derail Beneficial Ownership Plans
The British Overseas Territories have condemned a UK Government proposal to compel the jurisdictions to publicly disclose the beneficial ownership of legal entities established in their territories.