Fatca legislation pierces corporate veil, says DMS

Implications of the IGA regulations in Cayman for fund fiduciaries

The US Foreign Account Tax Compliance Act (Fatca) has officially arrived in the Cayman Islands and spawned a new era of international tax compliance that was inconceivable only a few short years ago. Fund directors and other fiduciaries of investment funds must now comply with the US and UK intergovernmental agreements (IGAs) with Cayman.
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