Advertisement
| cayman islands economic substance: Profit Shifting and Tax Base Erosion Danuše Nerudová, Jan Pavel, 2021-07-14 This book provides a comprehensive analysis of current techniques for profit shifting and tax base erosion in the area of corporate taxation and measurement. Firstly, it explains the relevance of the issue at hand – profit shifting and base erosion in the context of the 21st century. In turn, the book provides a comprehensive analysis of available techniques for the identification and measurement of profit shifting and base erosion, which adopt both the macro and micro perspective. It also provides examples from selected post-communist countries now in the EU, including the Czech Republic, Poland and Hungary. Concrete recommendations for economic policy round out the coverage. |
| cayman islands economic substance: Harmful Tax Practices Oecd, 2019-01-29 BEPS Action 5 is one of the four BEPS minimum standards which all Inclusive Framework members have committed to implement. One part of the Action 5 minimum standard relates to preferential tax regimes where a peer review is undertaken to identify features of such regimes that can facilitate base erosion and profit shifting, and therefore have the potential to unfairly impact the tax base of other jurisdictions. This progress report is an update to the 2015 BEPS Action 5 report and the 2017 Progress Report. It contains the results of review of all BEPS Inclusive Framework members' preferential tax regimes that have been identified since the BEPS Project. The results are reported as at January 2019. In addition, the Inclusive Framework agreed on a new standard for substantial activities requirements for no or only nominal tax jurisdictions. This report includes the details of this new standard and the other work on additions to and revisions of the harmful tax practices framework. Finally it contains next steps for the work on harmful tax practices. |
| cayman islands economic substance: Harmful Tax Competition An Emerging Global Issue OECD, 1998-05-19 Tax competition in the form of harmful tax practices can distort trade and investment patterns, erode national tax bases and shift part of the tax burden onto less mobile tax bases. The Report emphasises that governments must intensify their cooperative actions to curb harmful tax practices. |
| cayman islands economic substance: Standard for Automatic Exchange of Financial Account Information in Tax Matters, Second Edition OECD, 2017-03-27 This publication contains the following four parts: A model Competent Authority Agreement (CAA) for the automatic exchange of CRS information; the Common Reporting Standard; the Commentaries on the CAA and the CRS; and the CRS XML Schema User Guide. |
| cayman islands economic substance: Addressing Base Erosion and Profit Shifting OECD, 2013-02-12 This report presents studies and data available regarding the existence and magnitude of base erosion and profit shifting (BEPS), and contains an overview of global developments that have an impact on corporate tax matters. |
| cayman islands economic substance: A Research Agenda for Economic Crime and Development Barry Rider, 2023-08-14 This contemporary Research Agenda examines the threats to stability and sustainability presented by economically motivated crime and misconduct. Featuring contributions from distinguished experts in the field of criminal law and justice, this book proposes avenues for future research into the legal frameworks designed to prevent and manage economic crime and corruption. |
| cayman islands economic substance: Private Equity Laws Aspatore Books Staff, 2006 Private Equity Laws is an authoritative, incisive collection of insider perspectives on the dynamic and innovative forefront of the laws that govern investments, negotiations, and funding within the fields of private equity and venture capital. Featuring group chairs and partners, all representing some of the nation's top firms, this book discusses the current shape and future state of the private equity field. These leading lawyers share their insight on globalization, investment strategies, claw-back provisions, fundraising, conducting successful fund negotiations, and more. Additionally, these authors offer practical guidance for the individual private equity investor or venture capitalist, elaborating on such laws as Sarbanes Oxely, The Investment Company Act, The Securities Act of 1933, The Investment Advisors Act, and other general tax laws that commonly intersect with private equity practices. |
| cayman islands economic substance: The Mergers and Acquisitions Review Mark Zerdin, 2022 |
| cayman islands economic substance: Interpretation and Application of Tax Treaties in North America Juan Angel Becerra, 2007 This book presents an overview of the materials, court cases and mutual agreement procedures implemented in Canada, USA and Mexcio. In addition, it provides a background to the development of tax treaty law and the information necessary to interpret a tax treaty based upon the principles codified in the Vienna Convention of the Law of Treaties. Contents: the background of the early model tax conventions; the development of tax treaty law; the specific materials from Canada, the United States and Mexico; proposal for a trilateral tax treaty for North America to provide full relief from the harmful barriers against free movement of capital and services. |
| cayman islands economic substance: Corporate Taxation in the Global Economy International Monetary Fund. Fiscal Affairs Dept., International Monetary Fund. Legal Dept., 2019-03-10 The policy paper Corporate Taxation in the Global Economy stresses the need to maintain and build on the progress in international cooperation on tax matters that has been achieved in recent years, and in some respects now appears under stress. With special attention to the circumstances of developing countries, the paper identifies and discusses various options currently under discussion for the international tax system to ensure that countries, and in particular low-income countries, can continue to collect corporate tax revenues from multinational activities. |
| cayman islands economic substance: Fighting The Wrong Enemy Edward Graham, 2000-09-01 Antiglobalist forces have been gaining greater momentum in recent years in their efforts to reverse what they view as the negative effects of an integrating global economy. Their influence was felt earlier when efforts to create a Multilateral Agreement on Investment (MAI) ended in failure in 1998 after France left the bargaining table at the Organization for Economic Cooperation and Development, effectively killing the initiative. In this book, through an evaluation of the MAI itself and the issues raised by its opponents, Edward M. Graham takes a fresh look at the growing backlash against globalization. He first explores whether the MAI negotiations failed due to political maneuvering by antiglobalist nongovernmental organizations (supported by US organized labor) or because of irreconcilable differences among the negotiating parties over the substance of the issue of foreign direct investment. He then objectively and thoroughly assesses antiglobalist assertions that the activities of multinational firms have had negative effects on workers both in the home (investor) and host (recipient) nations, with a special focus on developing nations. An important finding is that multinational firms tend to pay workers in developing nations wages that are significantly above prevailing wages. Graham then examines the issue of globalized economic activity and the environment, finding that economic growth in developing nations can lead to increased environmental stress but also finding that foreign direct investment can lead to reductions in this stress. He finds that the worry of many environmentalists of a race to the bottom is not borne out by the evidence. The final chapters assess whether or not a negotiation to create a comprehensive agreement on investment should be included in a multilateral negotiating round at the World Trade Organization in the near future. The interests of developing nations in this agenda are given special attention. Graham indicates that, while many developing nations would accept such rules, it might nonetheless be premature to press for a comprehensive agreement at this time. Rather, a limited investment agenda might be both more feasible and more productive. |
| cayman islands economic substance: The Role of the Board of Directors in Enron's Collapse United States. Congress. Senate. Committee on Governmental Affairs. Permanent Subcommittee on Investigations, 2002 |
| cayman islands economic substance: A Research Agenda for Organised Crime Barry Rider, 2023-03-02 This insightful Research Agenda explores the varied manifestations of organised crime, both on the street and through transnational enterprises, and reveals its impact on the integrity of the financial system. Leading academics identify measures which would disrupt and discourage these threats, however sophisticated, and consider avenues for future research. |
| cayman islands economic substance: What Is Real and What Is Not in the Global FDI Network? Jannick Damgaard, Thomas Elkjaer, Niels Johannesen, 2019-12-11 Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources, both macro and micro, to estimate the global FDI network while disentangling real investment and phantom investment and allocating real investment to ultimate investor economies. We find that phantom investment into corporate shells with no substance and no real links to the local economy may account for almost 40 percent of global FDI. Ignoring phantom investment and allocating real investment to ultimate investors increases the explanatory power of standard gravity variables by around 25 percent. |
| cayman islands economic substance: Global Anti-Money Laundering Regulation Nkechikwu Azinge-Egbiri, Nicholas Ryder, Ehi Eric Esoimeme, 2024-11-25 This book explores the politics of money laundering and terrorist financing (ML/TF) regulation in several countries across Africa and the Small Island States. Developed countries created the Financial Action Task Force (FATF) to combat ML/TF globally. Expectedly, the FATF’s standards mirror existing banking regulations within the G7 countries. Yet, the standards apply to all countries irrespective of the limited ML/TF risks they pose to the global economy, their weak pre-conditions for effective regulation and their non-involvement in the FATF’s framing. Still, such countries, mainly within the Global South, have worked hard to amplify their compliance with the regime due to fears of the repercussions of their non-compliance. This collection demonstrates how the global ML/TF regulation is treated as an implicitly superior legal regime where the Global South must comply irrespective of their perception of the FATF’s legitimacy challenges. It shows that beyond exogenous factors such as neo-colonialism, endogenous factors such as weak institutions and corruption undermine the compliance trajectory of the Global South. Furthermore, it analyses the unintended consequences of transplanting FATF standards into diverse legal and cultural contexts. The volume contributes to our understanding of the challenges of transplantation from the Global North and how the Global South is steering within the constraints created by the FATF. It advocates for a comprehensive understanding of the nuanced compliance challenges of developing countries. It further proposes practical solutions to address them, emphasizing the importance of risk-based understanding, accountability, capacity-building and coordination in achieving effective anti-money laundering and counter-terrorist financing measures. The collection will be essential reading for researchers, academics and policy-makers working in financial crime regulation and international economic law. |
| cayman islands economic substance: The Education Systems of the Americas Sieglinde Jornitz, Marcelo Parreira do Amaral, 2020 This handbook focuses on and compares the education systems in the three Americas: North, Central and South America, and includes a chapter on most countries in the region. The chapters follow a common structure and include schematic diagrams of the structure of mainstream education from pre-primary to tertiary level. Each chapter starts with a description of the historical and social foundations of the education system from the post-World War II period up to today, including political, economic and cultural contexts and conditions. By highlighting important dates and structural decisions, the current education system can be understood as resulting from past developments. The first part ends with a description of the transitions to the labour market that are offered, and the way in which these are organized in the education system described. The second part consists of an overview of the institutional and organizational principles as well as the structure of education from pre-primary to tertiary level. It includes a focus on legislative bases and financial provisions for the education system and a description of the structure by using the ISCED-classification. It further includes information of the supply of human resources such as teachers and other educators. The third and final part of the handbook discusses selected educational trends and aspects. In this context, three topics are of particular interest: dealing with inequality, ICT and digitization activities, and STEM-related policies and programmes. |
| cayman islands economic substance: Not Enough Samuel Moyn, 2018-04-10 “No one has written with more penetrating skepticism about the history of human rights.” —Adam Kirsch, Wall Street Journal “Moyn breaks new ground in examining the relationship between human rights and economic fairness.” —George Soros The age of human rights has been kindest to the rich. While state violations of political rights have garnered unprecedented attention in recent decades, a commitment to material equality has quietly disappeared. In its place, economic liberalization has emerged as the dominant force. In this provocative book, Samuel Moyn considers how and why we chose to make human rights our highest ideals while simultaneously neglecting the demands of broader social and economic justice. Moyn places the human rights movement in relation to this disturbing shift and explores why the rise of human rights has occurred alongside exploding inequality. “Moyn asks whether human-rights theorists and advocates, in the quest to make the world better for all, have actually helped to make things worse... Sure to provoke a wider discussion.” —Adam Kirsch, Wall Street Journal “A sharpening interrogation of the liberal order and the institutions of global governance created by, and arguably for, Pax Americana... Consistently bracing.” —Pankaj Mishra, London Review of Books “Moyn suggests that our current vocabularies of global justice—above all our belief in the emancipatory potential of human rights—need to be discarded if we are work to make our vastly unequal world more equal... [A] tour de force.” —Los Angeles Review of Books |
| cayman islands economic substance: Tax Us If You Can Tax Justice Network-Africa, 2011-10-20 This short introduction to issues of tax justice explains the meaning and causes of tax injustice and offers options for a better future. Providing insight into the specific failures of Africa s tax systemand the associated problems of capital flight, tax evasion, tax avoidance, and tax competitionthis book explores the role of governments, parliaments, and taxpayers, and asks how stakeholders can help achieve tax justice. Arguing that tax revenues are essential for establishing independent states of free citizens, it demonstrates how the tax consensus promoted by multilateral agencies, such as the World Bank and the International Monetary Fund, has influenced tax policy in Africa and led to a reduction in government revenues in many countries. |
| cayman islands economic substance: Options to Improve Tax Compliance and Reform Tax Expenditures United States. Congress. Joint Committee on Taxation, 2005 Describes proposals to to reduce the size of the Federal tax gap by curtaling tax shelters, closing unintended loopholes, addressing other areas of noncompliance with current tax law, and reforming certain areas of tax expenditures. |
| cayman islands economic substance: Beyond Economic Growth Tatyana P. Soubbotina, Katherine Sheram, 2000-01-01 The book, which draws on data published by the World Bank, is addressed to teachers, students, and all those interested in exploring issues of global development. |
| cayman islands economic substance: World Development Report 2019 World Bank, 2018-10-31 Work is constantly reshaped by technological progress. New ways of production are adopted, markets expand, and societies evolve. But some changes provoke more attention than others, in part due to the vast uncertainty involved in making predictions about the future. The 2019 World Development Report will study how the nature of work is changing as a result of advances in technology today. Technological progress disrupts existing systems. A new social contract is needed to smooth the transition and guard against rising inequality. Significant investments in human capital throughout a person’s lifecycle are vital to this effort. If workers are to stay competitive against machines they need to train or retool existing skills. A social protection system that includes a minimum basic level of protection for workers and citizens can complement new forms of employment. Improved private sector policies to encourage startup activity and competition can help countries compete in the digital age. Governments also need to ensure that firms pay their fair share of taxes, in part to fund this new social contract. The 2019 World Development Report presents an analysis of these issues based upon the available evidence. |
| cayman islands economic substance: Peer Review of the Automatic Exchange of Financial Account Information 2022 OECD, 2022-11-09 This report presents the latest conclusions of the peer reviews of the legal frameworks put in place by each jurisdiction to implement the AEOI standard. The results relate to the more than 100 jurisdictions that committed to commence AEOI by 2020. |
| cayman islands economic substance: OECD/G20 Base Erosion and Profit Shifting Project Addressing the Tax Challenges of the Digital Economy OECD, 2014-09-16 This book presents an analysis of the challenges the spread of the digital economy poses for international taxation. |
| cayman islands economic substance: The Alternative Investment Fund Managers Directive Dirk A. Zetzsche, 2015-09-14 Apart from MiFID, the Alternative Investment Fund Managers Directive (AIFMD) may be the most important European asset management regulation of the early twenty-first century. In this in-depth analytical and critical discussion of the content and system of the directive, thirty-eight contributing authors – academics, lawyers, consultants, fund supervisors, and fund industry experts – examine the AIFMD from every angle. They cover structure, regulatory history, scope, appointment and authorization of the manager, the requirements for depositaries and prime brokers, rules on delegation, reporting requirements, transitional provisions, and the objectives stipulated in the recitals and other official documents. The challenging implications and contexts they examine include the following: – connection with systemic risk and the financial crisis; - nexus with insurance for negligent conduct; - connection with corporate governance doctrine; - risk management; - transparency; - the cross-border dimension; - liability for lost assets; - impact on alternative investment strategies, and - the nexus with the European Regulation on Long-Term Investment Funds (ELTIFR). Nine country reports, representing most of Europe’s financial centres and fund markets add a national perspective to the discussion of the European regulation. These chapters deal with the potential interactions among the AIFMD and the relevant laws and regulations of Austria, France, Germany, Italy, Luxembourg, Liechtenstein, The Netherlands, Malta and the United Kingdom. The second edition of the book continues to deliver not only the much-needed discussion of the inconsistencies and difficulties when applying the directive, but also provides guidance and potential solutions to the problems it raises. The second edition considers all new developments in the field of alternative investment funds, their managers, depositaries, and prime brokers, including, but not limited to, statements by the European Securities and Markets Authority (ESMA) and national competent authorities on the interpretation of the AIFMD, as well as new European regulation, in particular the PRIIPS Regulation, the ELTIF Regulation, the Regulation on European Venture Capital Funds (EuVeCaR), the Regulation on European Social Entrepreneurship Funds (EUSEFR), MiFID II, and UCITS V. The book will be warmly welcomed by investors and their counsel, fund managers, depositaries, asset managers, administrators, as well as regulators and academics in the field. |
| cayman islands economic substance: International Business Taxation Sol Picciotto, 1992-03-02 This book is a study on the historical development and current status of international tax law in several of the world's most important trading economies. The book emphasizes the laws and policies of the United States, Western Europe, the United Nations, and the OECD. Chapter eight contains a discussion of transfer pricing. Chapter ten addresses the internationalization of tax administrations, contains information relating to tax havens, anti-tax haven legislation, transfer pricing, and tax treaties. Other chapters cover the history, principles and policies of international tax laws; the past and present status of the international tax treaty system; international tax avoidance; the problems created by tax deferrals; worldwide unitary tax issues; and global business and international fiscal laws. |
| cayman islands economic substance: The Role of Professional Firms in the U.S. Tax Shelter Industry United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations, 2005 |
| cayman islands economic substance: Substance in International Tax Law Florian Navisotschnigg, 2022-08-09 The notion of ‘substance’ is proving to be central to the OECD’s base erosion and profit shifting (BEPS) project, particularly in the area of taxation of intangibles. In this book, this notoriously hard-to-define concept is examined from three distinct angles: transfer pricing (DEMPE Approach), harmful tax practices (Substantial Activity Requirement), and tax treaties (Beneficial Ownership). In a thoroughgoing investigation using the practical example of an IP company, the author provides detailed and precise answers to the following questions: What substance is necessary to be entitled to intangible-related returns? What substance is necessary to benefit from preferential IP regimes or no or only nominal tax jurisdictions? What substance is necessary to collect royalties free from withholding taxes? Given the need to agree on a common understanding of substance in international tax law in order to avoid costly tax disputes, this important book is unmatched for the clear light it sheds on the most relevant substance requirements regarding intangibles. It will prove invaluable to tax practitioners and in-house counsel who are dealing with cross-border transactions concerning intangibles. |
| cayman islands economic substance: Inside the EU Code of Conduct Group Martijn F. Nouwen, 2021 This book analyses the functioning and effectiveness of the diplomatic EU Code of Conduct Group in tackling harmful tax competition in the European Union. |
| cayman islands economic substance: Money Laundering Compliance Tim Bennett, 2023-08-04 What is Money Laundering ('ML')? How has the definition of ML expanded in recent years? Where does AML law and regulation come from? When must I report any 'suspicion'? Money Laundering Compliance is designed as a detailed reference source both on legal and technical details, as well as practical and procedural points. It provides a technical and practical overview of AML/CFT provisions in the UK and other key international jurisdictions including: - Bahamas - Bermuda - Cayman Islands - Guernsey - Isle of Man - Jersey - Singapore - Switzerland - United States The Fourth Edition has been completely revised in line with recent legislation and case law, with other key areas of change including: - The impact of Brexit on the UK's position vis-a-vis EU Law, and in particular in relation to the EU Money Laundering Directives covering AML/CFT matters - 'Economic Substance' requirements in key jurisdictions - A new chapter on FinTech, the host of AML/CFT RegTech websites/Mobile Apps, and the introduction of new methods of CDD verification - A new chapter on crypto assets and regulation - Current sanctions against defined Russian Oligarchs - The general prohibition against the provision of trust and company services to certain 'Russian-connected' trusts This essential resource ensures that finance professionals, private bankers, lawyers, trust and estate practitioners, regulators, compliance officers and other advisers remain up to date with this increasingly complex and crucial area of law. This title is included in Bloomsbury Professional's Banking and Finance online service. |
| cayman islands economic substance: Caribbean Challenges , 2001 Longman Caribbean Geography is a two-book course which has been written to provide students of geography with a firm grounding in the subject. The two books - Caribbean Challenges and The Caribbean and Beyond - can be used in any of years one, two or three of the lower secondary school. |
| cayman islands economic substance: Research Handbook on International Insurance Law and Regulation Julian Burling, Kevin Lazarus, 2023-12-11 This thoroughly revised second edition of the Research Handbook on International Insurance Law and Regulation provides an updated assessment of the insurance industry in an international context, featuring 30 chapters, of which half are new for this edition, written by expert academics and practising lawyers. |
| cayman islands economic substance: Offshore Company Fundamentals David Offshorman, 2021-05-18 Everything starts out small... The author of this book once heard this mysterious word offshore for the first time, too. And he, too, asked himself questions like: ‘What does a registered agent do?’, ‘How much do nominee services cost?’, ‘Why do I need an apostille?’, and ‘Where is it better to open a bank account?’. It is this inexperienced reader that the book is intended for, and its title speaks for itself. ‘Offshore Company Fundamentals’ contains basic information that is necessary to anyone who, on hearing the word Panama, thinks of a broad hat, rather than of ‘Panama Papers’. However, a sophisticated reader will also appreciate the survey of events and facts without which the topic can hardly be considered properly covered, although they do not exactly qualify as ‘fundamental stuff’: — Panama Papers and other offshore leaks – What data will be available in the era of worldwide exchange of information: sometimes the future looks back at you from your computer screen; — Cyprus deposit haircut 2013, an event that usually makes one lose faith in humanity, but in this case for some reason the only thing lost was money; — How to open a bank account in the new environment? – Learning to fly is easier; — International Consortium of Investigative Journalists (ICIJ), an organisation that is more like an elite Boy Scout task force digging up compromising material on the powers that be if they are in any way associated with offshores; — Where is the nominee director heading? – Wherever he is heading, now you will not be going the same way; — Compliance Officer, a bogey that sophisticated businessmen use to scare children into good behaviour. The more recent popular questions also include: What are CFC rules? Will I need to comply with economic substance requirements? How does the automatic exchange of tax information work? Why set up a trust? Of course, the author could not but cover these highly relevant topics, too. Whether he has succeeded in this and other tasks is up to you to decide! |
| cayman islands economic substance: Tax Planning for International Mergers, Acquisitions, Joint Ventures and Restructurings Ansgar A. Simon, 2023-08-31 This classic handbook has once again been updated from cover to cover, assuring its secure place as the preeminent tax practice guide for the conduct of international business transactions. The user-friendly structure has been maintained—first, a hands-on overview of certain key tax aspects of international transactions that have general application (including a chapter on special issues for transactions touching the European Union), followed by detailed country profiles that offer solutions designed to maximize effective tax planning and satisfy compliance obligations in twenty key global trading jurisdictions. The expert country-by-country contributors explain each jurisdiction’s approach to the critical areas of concern in transactional tax planning, addressing among other issues: entity classification; taxable transactions; tax-free transactions (both domestic and cross-border); loss and other tax attribute planning; intellectual property transactions; compensation arrangements; acquisition financing; joint ventures; transfer pricing; VAT; and tax treaty usage. Because it is crucial for management and counsel to develop a working knowledge of the salient aspects of the relevant law in a broad range of global jurisdictions, the work is of immeasurable value in assessing, strategizing, and implementing international transactions while also allowing quick jurisdictional comparison of key tax aspects. Addressing an important information gap in an area of widespread commercial concern, this incomparable resource will be welcomed by international tax counsel, corporate and financial services attorneys, and corporate planning and compliance professionals. |
| cayman islands economic substance: Transfer Pricing Documentation and Country-by-country Reporting, Action 13, 2015 Final Report OCDE,, 2015 This report contains revised standards for transfer pricing documentation incorporating a master file, local file, and a template for country-by-country reporting of revenues, profits, taxes paid and certain measures of economic activity. The revised standardised approach and will require taxpayers to articulate consistent transfer pricing positions and will provide tax administrations with useful information to assess transfer pricing and other BEPS risks, make determinations about where audit resources can most effectively be deployed, and, in the event audits are called for, provide information to commence and target audit enquiries. Country-by-country reports will be disseminated through an automatic government-to-government exchange mechanism. The implementation package included in this report sets out guidance to ensure that the reports are provided in a timely manner, that confidentiality is preserved and that the information is used appropriately, by incorporating model legislation and model Competent Authority Agreements forming the basis for government-to-government exchanges of the reports |
| cayman islands economic substance: Cayman Islands Economic and Development Strategy Handbook Volume 1 Strategic Information and Developments IBP, Inc., 2015-04-13 2011 Updated Reprint. Updated Annually. Cayman Islands Recent Economic and Political Developments Yearbook |
| cayman islands economic substance: Transforming Wall Street Kim Ann Curtin, 2015 Conscious capitalists from Wall Street to Main Street are revolutionizing wealth creation - are you among them? Would you like to be? In this book, Kim Ann Curtin challenges the established narrative of self-interest and greed that has informed so much of the coverage around Wall Street, and sets out an optimistic and positive vision for the future of America's financial heart.--Dust jacket, front flap. |
| cayman islands economic substance: Global Forum on Transparency and Exchange of Information for Tax Purposes OECD, 2017 This second round report analyses the implementation of the standard by India in respect of EOI requests received during the period of 1 July 2013 to 30 June 2016 against the 2016 Terms of Reference. This second round report concludes that India is now rated Largely Compliant overall. It is reflecting the legal and regulatory framework as at August 2017. |
| cayman islands economic substance: A Global Analysis of Tax Treaty Disputes Eduardo Baistrocchi, 2017-08-17 This two-volume set offers an in-depth analysis of the leading tax treaty disputes in the G20 and beyond within the first century of international tax law. Including country-by-country and thematic analyses, the study is structured around a novel global taxonomy of tax treaty disputes and includes an unprecedented dataset with over 1500 leading tax treaty cases. By adopting a contextual approach the local expertise of the contributors allows for a thorough and transparent analysis. This set is an important reference tool for anyone implementing or studying international tax regulations and will facilitate the work of courts, tax administrations and practitioners around the world. It is designed to complement model conventions such as the OECD Model Tax Convention on Income and on Capital. Together with Resolving Transfer Pricing Disputes (2012), it is a comprehensive addition to current debate on the international tax law regime. |
| cayman islands economic substance: OECD Guidelines for Testing of Chemicals Organisation for Economic Co-operation and Development, 1981 |
| cayman islands economic substance: Advanced Introduction to International Tax Law Reuven S Avi-Yonah, 2024-11-08 This thoroughly revised third edition of the Advanced Introduction to International Tax Law provides an incisive overview of the key issues surrounding taxation and international law. Reuven S. Avi-Yonah explores the nuances of varying taxation systems using relevant and current case studies. |
Cayman Chem
Cayman Supports Science. Email our Sales Team to find solutions to your funding challenges.
HELPING MAKE RESEARCH POSSIBLE - Cayman Chem
Cayman Supports Science. Email our Sales Team to find solutions to your funding challenges.
Cayman Supports Science
Cayman Supports Science. Email our Sales Team to find solutions to your funding challenges.
Batch Specific Data and Documents | Cayman Chemical
Cayman Supports Science. Email our Sales Team to find solutions to your funding challenges.
Global Buyer's Guide - Cayman Chem
Cayman sells direct to many locations in United States. Contact our sales department for pricing information and shipping options.
Cayman Chemical
Cayman Supports Science. Email our Sales Team to find solutions to your funding challenges.
Helping Make Research Possible - Cayman Chem
Cayman creates and supplies small molecules, biochemicals, assay kits, antibodies, and proteins to scientists around the world. We produce reagents of exceptional quality for cancer, …
ELISA (Competitive) Analysis Tools - Cayman Chem
Cayman Chemical has examined statistical methods to test for the presence of outliers in ELISA assays. We find that individual replicates are rarely flagged as outliers, and cannot be …
CONTRACT SERVICES - Cayman Chem
Cayman Supports Science. Email our Sales Team to find solutions to your funding challenges.
FORENSIC SCIENCE PRODUCTS - Cayman Chem
Cayman Spectral Library. The Cayman Spectral Library is a free, searchable GC-MS spectral database that contains 70eV EI mass spectral data of more than 2,000 of Cayman Chemical's …
ケイマン諸島アップデート：経済的実体ガイダ ンス・ノート …
4 Jon Fowler +1 345 814 5526 jon.fowler@maples.com Jonathan Green +1 345 814 5466 jonathan.green@maples.com Alasdair Robertson +1 345 814 5345
Cayman Islands Economic Substance Requirements …
Cayman Islands Economic Substance Requirements – Relevant Activity of Insurance Business For general background on The International Tax Co-operation (Economic Substance) Law …
Alert Cayman Islands Updated Economic Substance …
”) electronically via the Cayman Islands Economic Substance Portal in relation to the entity’s satisfaction of the ES Test in relation to that relevant activity. If a relevant entity is carrying on …
Cayman Economic Substance Updates - Conyers
November 2020 2020 年 11 月 | Cayman Islands 开曼群岛 Cayman Economic Substance Updates . 开曼经济实质更新. 作者 : Maree Martin, Counsel and Head of Knowledge Management 顾问 …
Extension of the Cayman Islands economic substance …
economic substance test in relation to that relevant activity. Please see our guide to Economic substance in the Cayman Islands for full details of the regime. Extension to partnerships The …
Cayman Islands Economic Substance Requirements – …
Cayman Islands Economic Substance Requirements – Relevant Activity of Headquarters Business For general background on The International Tax Co-operation (Economic …
Cayman Islands Economic Substance further guidance …
From: Rea, Robert-WASH C To: Grams, John W; Valladares, Christine M Subject: May 8 / please make a PDF for Cayman Islands / AEM cover in separate email Date: Wednesday, May 8, …
Economic Substance Requirements in the Cayman Islands
Under the ES Law, certain vehicles formed or registered in the Cayman Islands are required to have economic substance in the Cayman Islands. The requirement to show economic …
CAYMAN ISLANDS Supplement No. 2 published with
The International Tax Co-operation (Economic Substance) Law, 2018 3 CAYMAN ISLANDS Law 45 of 2018. I Assent Martyn Roper Governor. 21st December, 2018 A LAW TO PROVIDE FOR …
Cayman Islands: Year-End Obligations - maples.com
Cayman Islands: Year-End Obligations As 2022 draws to a close, we take this opportunity to remind Cayman Islands entities of certain regulatory obligations and filing deadlines. Economic …
Cayman Islands – The International Tax Co-operation …
The Cayman Islands Government has passed legislation, with effect from 1 January 2019, requiring certain entities incorporated or registered in the Cayman Islands to maintain …
Cayman Islands economic substance 2021 - careyolsen.com
Cayman Islands economic substance 2021 ⁄ 3. For distribution and service centre business: • which the intangible assets are exploited leading to the transporting and storing goods, …
DITC Economic Substance Notification (Bulk Submission User …
2. Download ^Sample Economic Substance Bulk Submit file that must be used for all bulk submissions (highlighted in green below) and then - a. Save it as a SV (omma delimited) file to …
Go to layers to turn on service area header and addresses …
Economic Substance Requirements in the Cayman Islands A. Introduction Economic substance requirements have been introduced in the Cayman Islands (along with other no or nominal tax …
Economic substance laws –multi-jurisdiction comparison
The table below gives a high-level overview and comparison of the economic substance laws adopted in the BVI, Cayman Islands, Guernsey and Jersey. BVI Cayman Islands Guernsey …
International Tax Co-operation (Economic Substance) Law
economic substance test in relation to that relevant activity. (2) Subject to subsections (3), (4) and (5), a relevant entity satisfies the economic substance test in relation to a relevant activity, if …
Cayman Islands Key Filing Dates 2025 - mourant.com
Cayman Islands entities must pay their annual fees to, and file their annual return with, the Cayman Islands General Registry (the Registry). 1 . If this is not filed by 31 March, penalties …
Continuing obligations of Cayman Islands private funds – …
fund is an 'investment fund'3 for the purposes of the Cayman Islands economic substance regime and is the only obligation applicable to a private fund under the Cayman Islands economic …
Cayman Islands Economic Substance Requirements – …
Cayman Islands Economic Substance Requirements – 'Relevant Activity' of 'Banking Business' For general background on The International Tax Co-operation (Economic Substance) Law, …
Enforcement Guidelines and administrative fines - CRS and …
The Cayman Islands Tax Information Authority published Enforcement Guidelines for each of the CRS and economic substance regimes in late March 2022. This Update provides an overview …
Cayman Islands – The International Tax Co-operation …
The Cayman Islands Government has passed legislation, with effect from 1 January 2019, requiring certain entities incorporated or registered in the Cayman Islands to maintain …
Cayman Islands Economic Substance Requirements – …
Cayman Islands Economic Substance Requirements – Relevant Activity of Distribution and Service Centre Business For general background on The International Tax Co-operation …
Cayman Islands: Economic Substance Requirements - Conyers
substance” in the Cayman Islands. The ES Act was most recently amended on 30 June2021 and is supplemented by the Guidance on Economic Substance for Geographically Mobile Activities …
Cayman Islands: Economic Substance Requirements
The International Tax Co-operation (Economic Substance) (2021 Revision) (the “Act. ES Act ”) came into force on 1 January 2019. The ES requires that all Cayman Islands entities notify the …
CAYMAN ISLANDS - DITC
CAYMAN ISLANDS Supplement No. 5 published with Extraordinary Gazette No. 98 dated 27th December , 2018. THE INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) …
Cayman Islands Update: Additional Updates on Economic …
Title: Legal Update - Cayman - CI Update Additional Updates on Economic Substance - December 2020 Subject: Further to our previous update1, the Department for International Tax …
CAYMAN ISLANDS ECONOMIC SUBSTANCE - EisnerAmper …
operation (Economic Substance) Law, 2018 (the “Economic Substance Law”) came into effect in the Cayman Islands on 1 January 2019. The Economic Substance Law was amended on 22 …
Registered persons under the Securities Investment Business …
requirements on entities registered in the Cayman Islands. Registered persons under the Act are required to consider whether they fall within scope of the Cayman Islands economic substance …
Cayman Islands - The International Tax Co-operation Law …
Cayman Islands – The International Tax Co-operation (Economic Substance) Law 2018 . Author: Alan Dickson, Partner . Introduction of Substance Requirements for Certain Cayman Islands …
Continuing Requirements of the Companies Act of the …
ECONOMIC SUBSTANCE The International Tax Co -Operation (Economic Substance) Act (2024 Revision) (the “ES Act”) applies to a defined class of relevant entities including exempted …
Cayman Islands Economic Substance Requirements – …
Cayman Islands. Cayman Islands Core Income Generating Activities The relevant 'Cayman Islands core income generating activities ' in the context of 'intellectual property business' …
International Tax Co-operation (Economic Substance) …
CAYMAN ISLANDS International Tax Co-operation (Economic Substance) Law (2020 Revision) INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) REGULATIONS, 2020 …
Cayman Islands: Economic Substance Requirements - Mondaq
The International Tax Co-operation (Economic Substance) (2021 Revision) (the “Act. ES Act ”) came into force on 1 January 2019. The ES requires that all Cayman Islands entities notify the …
Cayman Islands: Economic Substance Requirements
The International Tax Co-operation (Economic Substance) (2021 Revision) (the “Act. ES Act ”) came into force on 1 January 2019. The ES requires that all Cayman Islands entities notify the …
Economic Substance – Preparing for Filing the First
outside the Cayman Islands) (“Relevant Entity”) which is carrying on a “relevant activity” 1. to satisfy the economic substance test (“ES Test”) in relation to that relevant activity and to file an …
Cayman Islands: Economic Substance Regime Extended to …
Cayman Islands: Economic Substance Regime Extended to Partnerships On 30 June 2021, the Cayman Islands Government published the International Tax Co - operation (Economic …
Entity Status Confirmation under the Cayman Islands …
Tax Resident outside the Cayman Islands, Relevant Activity Entity Status Confirmation under the Cayman Islands Economic Substance Act ... whether they are in scope or out of scope for …
Economic substance laws –multi-jurisdiction comparison
The table below gives a high-level overview and comparison of the economic substance laws adopted in the BVI, Cayman Islands, Guernsey and Jersey. BVI Cayman Islands Guernsey …
Cayman Islands Economic Substance Requirements – …
Cayman Islands Economic Substance Requirements – 'Relevant Activity' of 'Fund Management Business' For general background on The International Tax Co-operation (Economic …
International Tax Co-operation (Economic Substance) …
CAYMAN ISLANDS International Tax Co-operation (Economic Substance) Law, 2018 (Law 45 of 2019) INTERNATIONAL TAX CO-OPERATION (ECONOMIC SUBSTANCE) (AMENDMENT …
Cayman Islands Economic Substance Requirements – …
Cayman Islands Economic Substance Requirements – 'Relevant Activity' of 'Distribution and Service Centre Business' For general background on The International Tax Co-operation …
Cayman Islands Base Erosion and Profit Shifting (“BEPS
Economic Substance The Cayman Islands Ministry of Financial Services & Home Affairs has advised industry on recent updates to Cayman Islands Economic Substance (“ES”) matters. …
Economic Substance Requirements Fund Managers - Stuarts …
carrying on a Relevant Activity if it (i) conducts Cayman Islands core income generating activities (“CIGAs”); (ii) is directed and managed in an appropriate manner in the Cayman Islands; and …
CRS and economic substance developments in the new …
(As Revised) (the CRS Regulations) and the International Tax Co-operation (Economic Substance) Act (As Revised) (the ES Act). CRS enforcement Since implementation of the CRS …
Continuing Requirements of the Exempted Limited …
The Cayman Islands Exempted Limited Partnership (the “ ActAct ”) imposes continuing obligations on exempted limited partnerships (“ ELPs ”) registered in the Cayman Islands. …
Cayman Islands economic substance requirements for …
compliance with the economic substance test under the Cayman Islands economic substance regime. This article aims to serve as a reminder for such relevant entities of their obligations …
Financing and Leasing Business - Campbells
Source: Cayman Islands Economic Substance Guidance Notes v3.1, pages 57-58 Economic Substance Reporting Entities that are in-scope under the ES Act (i.e. ‘relevant entities’ …
Cayman Islands Economic Substance Requirements – …
economic substance test can be satisfied in relation to that shipping business if the relevant entity: (a) conducts Cayman Islands core income generating activities (b) is directed and managed in …
Cayman Islands Economic Substance Requirements – …
with the Cayman Islands Monetary Authority ("CIMA"), under SIBL. Economic Substance Test If a relevant entity carries on the relevant activity of fund management business it will be subject to …
Cayman Islands Economic Substance Requirements – …
Cayman Islands Economic Substance Requirements – 'Relevant Activity' of 'Shipping Business' For general background on The International Tax Co-operation (Economic Substance) Law, …
