Anyone interested in finding out more about some of the multilateral initiatives proposed and confirmed with regard to international tax — such as BEPS and the effects of US and UK FATCA on the hedge funds, trusts, and captive insurance industries among others — should attend this special seminar scheduled for next Thursday, January 23rd. With 17 local and international speakers on the agenda this one-day event is recognised by the Cayman Islands Society of Professional Accountants (CISPA) as eligible for CPE and will cover the above initiatives with particular focus on how they may affect Cayman’s financial services industry.
The day will begin with a broad overview of onshore international tax initiatives. Former Cayman Islands Monetary Authority Chairman Timothy Ridley and Ernst & Young Global Director, International Tax, James J. Tobin will be looking at the 15 points action plan created by the OECD and the implications for Cayman’s financial sector.
Cayman Finance CEO, Gonzalo Jalles, explains: “FATCA, among other new regulations, will have an impact on a great many facets of our financial services industry and is expected to be followed by many others that are likely to change the shape of our industry. Cayman Finance believed it was important to bring together experts and leaders working in the field of taxation and to put together a seminar to provide answers to many of the questions industry professionals may have as new policies are implemented beginning as early as next year.”
Duncan Nicol of the Tax Information Authority will offer perspective on the move towards the automatic exchange of information as the new international standard; and FATCA will then be dissected as it relates to its implementation, the registration process, and impact on specific industry sectors. Attendees will be given a walk through the IRS online portal and will find out what the next steps will entail with regard to the intergovernmental negotiation process — key aspects that require clear understanding.
In addition to Messrs. Ridley and Tobin, speakers include: Martin Livingston and Justin Appleyard of Maples and Calder; Duncan Nicol with the Cayman Islands Tax Information Authority; Jonathan Pressman and Sulolit Mukherjee from Markit; Christopher Larkin and Bill Bailey of Ernst & Young; Stephen Camm and Bosun Adebaki of PricewaterhouseCoopers; Andrew Morehouse of Harney Westwood & Riegels; Toni Pinkerton of MaplesFS, Denise Hintzke of Deloitte; Peter Cockhill of Ogier, and Steven L. Cantor, Cantor & Webb P.A.
Mr. Jalles furthers: “We are very pleased to be able to offer such a comprehensive viewpoint for professionals. We thank the participating speakers for their efforts in presenting these important updates and look forward to a productive day of discussion.”
The seminar, sponsored by PricewaterhouseCoopers, Ignition, and Markit, begins at 8 a.m. with registration and breakfast and concludes at 5 p.m. Cost for the full day is US $450 for non-Cayman Finance members and US $350 for members. A half day is US $300 for non-members and US $200 for members. A networking lunch is also available at an additional cost of US $60. To view the complete agenda and to register online, visit the Events page.