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Cayman Islands Consults on CbC Reporting

|Proposed Changes|Cayman Islands
Cayman Islands

According to recent reports, the Cayman Islands Ministry of Financial Services, Commerce and Environment has launched a consultation with industry stakeholders on the introduction of Country-by-Country (CbC) reporting requirements. The proposed CbC reporting requirements would reportedly apply for fiscal years beginning on or after 1 January 2016 for MNE groups meeting an annual consolidated gr…

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