Cayman signs TIEA with the Netherlands Antilles
On October 29, 2009, the Cayman Islands signed a Tax Information Exchange Agreement (TIEA) with the Netherlands Antilles. The signing took place at the Caribbean Financial Action Task Force (CFATF) plenary held in Curacao.
This is the 14th Tax Information Exchange Agreement signed by the Cayman Islands. It was signed on behalf of the Cayman Islands by the Cayman Attorney General, Samuel Bulgin.
When commenting on the signing, 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.”
According to the government, negotiations on signing TIEAs have also been completed with Aruba, Australia, Canada, Germany, Italy and Mexico. Agreements are expected to be signed by the end of 2009. Also, negotiations are ongoing with Argentina, Belgium, China, Czech Republic, India, Japan, Korea, Portugal, Spain and South Africa.