28/01/25

Recent Developments In Cayman's International Transparency Frameworks

This article looks at recent and upcoming developments in the international tax transparency regimes of the OECD's[1] Standard for Automatic Exchange of Financial Account Information in Tax Matters (the AEOI Standard) (which covers both the Common Reporting Standard (CRS) and the Crypto-Asset Reporting Framework (CARF)), the US Foreign Account Tax Compliance Act (FATCA) and Country-by-Country Reporting (CbCR), as well as the economic substance (ES) regime. It does not cover international transparency via access to beneficial ownership information of Cayman entities.

Cayman Islands: Sky-high Stand…