The Tax Administration Jamaica (TAJ) is urging Reporting Financial Institutions (RFIs) to comply
TAJ urges financial institutions to comply with deadline to submit FATCA reports Wednesday, July 20, 2016 | 7:02 PM KINGSTON, Jamaica – The Tax Administration Jamaica (TAJ) is urging Reporting Financial Institutions (RFIs) to comply with its July 22 deadline to submit their FATCA reports for 2015. The TAJ in a statement today said that in May, as a response to an urgent request from stakeholders within the financial sector, and notwithstanding the May 31 deadline as stipulate
First meeting of the new inclusive framework to tackle Base Erosion and Profit Shifting
30/06/2016 - Representatives of more than 80 countries and jurisdictions have gathered in Kyoto, Japan to push forward ongoing efforts to update international tax rules for the 21st century, the latest step in the OECD/G20 Project to tackle Base Erosion and Profit Shifting (BEPS). The 30 June - 1 July meeting marks the first time that a broad range of countries, representing varying levels of development, come together on an equal footing in the OECD’s Committee on Fiscal Aff
Blue Bison Cayman Team Expands
Pleased to report that Orrett Gayle a senior systems analyst has joined the Cayman team to provide much need technical support to the growing base of Blue Bison clients.
U.S. non-participation in the Common Reporting Standard (CRS) will be a challenge
The U.S. is under international criticism because under its Intergovernmental Agreement (known as IGA) reciprocal exchange accords, the U.S. has already transmitted information on those who are tax residents outside the U.S. to respective national tax authorities under the IGA. The spotlight is on the U.S. because the U.S. has made it clear that it does not currently intend to adopt the CRS. The rationale behind the U.S.’s decision is that FATCA “gets it done” and fulfils th
