Cayman FACTA task force established - Lead Stories - Jamaica Gleaner - Saturday | May 19, 2012: "THE CAYMAN Islands government this month set up a task force to oversee the enactment of a United States measure to catch tax dodgers called the Foreign Account Tax Compliance Act (FATCA).
Comparatively, the Jamaican Government remains silent on its response while local stakeholders prepare to comply with the measure set for implementation in January 2013.
"Following recent discussion in Washington, DC, with US Treasury officials, the Ministry of Finance announces the formation of a new task force to evaluate the suitability of a government-to-government reporting arrangement for the implementation of the US FATCA in the Cayman Islands," said an official release by the Cayman government about the task force set to commence activities "immediately"."
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