Cayman Islands: Media Advisory

Who: Minister of Financial Services, Wayne Panton

What: Announcement of the opening of Cayman’s online portal for the automatic exchange of tax information

Where: GIS conference room, 2nd floor, Government Administration Building. Please check in with building security in the front lobby.

When: 10:30am Friday, 13 March 2015

Background: The portal enables Cayman financial institutions to comply with their reporting obligations under domestic law, and in accordance with intergovernmental agreements including US FATCA. The portal will permit the […]

By |March 12th, 2015|

United States: Divorce And Taxes

Divorcing couples face any number of questions at tax time.  Prior posts on this blog as well as our Pennsylvania Family Law Blog and New Jersey Family Law Blog have highlighted some of these issues.  Our past posts include:

Family Law Issues: The Gift Tax Exclusion
Legally Married Same-Sex Couples Will Be Treated As Married Couples For Federal Tax Purposes
Name Changes Can Affect The Processing Of Your Federal Tax Return
The Dependency Exemption In The Context Of […]

By |March 11th, 2015|

South Africa: Welcome Boost For Smaller Private Equity Investments

Welcome boost for smaller private equity investments
The Venture Capital Company (“VCC”) tax regime is regulated by section 12J of the Income Tax Act, 58 of 1962 which was first introduced 2009 in order to encourage investments into privately owned businesses. The section specifically aims to help the growth of small and medium sized businesses by increasing their access to equity finance.

There are a number of requirements which must be complied with before a VCC […]

By |March 11th, 2015|