Following the OECD’s publication of the Standard for Automatic Exchange of Financial Account Information in Tax Matters (the “Common Reporting Standard” or “CRS”) in 2014, the Cayman Islands entered into a Multilateral Competent Authority Agreement, agreeing to exchange financial account information. Not long after (in December 2015), the Cayman Islands passed regulations in relation to the CRS (the “Cayman CRS Regulations”), making it mandatory for Reporting Financial Institutions to report certain information related to Reportable Accounts (depository accounts, custodial accounts and certain equity and debit interests in investment entities where the account holder or controlling person is a Reportable Person and tax resident in a Participating Jurisdiction) to the Cayman Islands Tax Information Authority.

Download PDF

Higgs & Johnson Partners Recognized as Women Leaders by IFLR1000

Higgs & Johnson is pleased to announce that Partners, Vivienne M. Gouthro and Christel Sands-Feaste, have been recognized among...

Power Women’s Breakfast 2022

The Firm was pleased to host its 2022 Power Women’s Breakfast in the Rosewood Gardens at Rosewood Baha Mar....