Cayman signs up to exchange more tax information

(CNS Business): The Cayman Islands Government has taken another step towards increased transparency regarding the country’s offshore financial services sector. Local officials have formally asked the United Kingdom to extend its membership in the OECD-Council of the Europe Convention on Mutual Administrative Assistance in Tax Matters to the Cayman Islands. The move comes with the backing of the industry as Cayman continues down the road towards more automatic change of information, in line with global trends. Read more and comment on CNS Business