Cayman signs TIEA with the Netherlands
Two weeks after signing Tax Agreement with Ireland, the Cayman Islands signed another TIEA with the Kingdom of Netherlands.
The new Tax Information Exchange Agreement, which was signed during a ceremony held at the Netherlands’ Ministry of Finance in The Hague, is based on the OECD standards for bilateral exchange of information on tax matters, and became the eleventh TIEA signed by the Cayman Islands. It followed the conclusion of technical negotiations at a meeting between the delegations of the two jurisdictions held in the Cayman Islands on 24-25 June 2009.
The Honourable McKeeva Bush, OBE, JP, Leader of Government Business and Premier Designate, signed the document on behalf of the Cayman Islands. He commented the Agreement between the CI and Netherlands saying that it signifies further affirmation of both countries to the openness and transparency.
Beside Minister Bush, the CI delegation comprised the Honourable Samuel Bulgin, Attorney General; Mr. Cline Glidden, MLA; Mr. Ellio Solomon, MLA, and Mrs. Michelle Bahadur, Senior Assistant Secretary in the Financial Secretary’s Office. On behalf of the Netherlands, the document was signed by Mr. J.C. de Jager, State Secretary for Finance.