Cayman Islands and Netherlands Antilles sign tax agreement
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| Published on Tuesday, November 3, 2009 |
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Netherlands Antilles Minister of Finance & Vice Prime Minister, Ersilia de
Lannooy (L) and the Cayman Islands Attorney General Samuel Bulgin sign the
tax information exchange agreement
GEORGE TOWN, Cayman Islands -- The Cayman Islands signed a Tax Information Exchange Agreement (TIEA) with the Netherlands Antilles on 29 October 2009 whilst attending the CFATF Plenary, held in Curacao.
The agreement, which is Cayman’s fourteenth, was signed on behalf of the Cayman Islands by Attorney General Samuel Bulgin.
Bulgin said: “This signing represents the Cayman Islands continued commitment to OECD standards for transparency and exchange of information on tax matters. It will commemorate the beginning of what I am sure will be a mutually-rewarding relationship between the Cayman Islands and the Netherlands Antilles.”
Negotiations have also been completed by the Cayman Islands with a number of other countries including Aruba, Australia, Canada, Germany, Italy and Mexico and it is anticipated that agreements will be signed before the end of 2009. Negotiations are also currently ongoing with a further 10 jurisdictions which comprise Argentina, Belgium, China, Czech Republic, India, Japan, Korea, Portugal, Spain and South Africa..
Commenting on the signing, the Cayman Islands Leader of Government Business, McKeeva Bush said “The Cayman Islands are committed to effective implementation of these agreements and as such, we have in place all the necessary internal processes required for the legal implementation of all signed agreements.” | | | | Reads : 808 | | | |
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