Ministers and top tax officials from more than 30 countries will sign an international agreement at the Organisation for Economic Co‑operation and Development this week that will “significantly advance the fight against corporate tax avoidance,” the OECD said.
More than 30 countries will sign the Multilateral Competent Authority Agreement, which will facilitate automatic exchange of country-by-country reporting called for in the OECD/G-20 Base Erosion and Profit Shifting Project.
The MCAA will enable consistent and swift implementation of new transfer pricing reporting standards developed under Action 13 of the BEPS Action Plan, ensuring that tax administrations obtain a complete understanding of the way multinational enterprises structure their operations, while also ensuring that the confidentiality of such information is safeguarded.
Ogier named Caribbean Law Firm of the Year 2016
Ogier has been named Caribbean Law Firm of the Year 2016 by Citywealth. Ogier’s Private Client and Trusts team spans the Caribbean, the Channel Islands and Asia, specializing in advising trustees, private banks and ultra-high net worth clients.
The firm was recognized on Jan. 20 at Citywealth’s IFC Awards, which highlight excellence in the private wealth sector. Ogier was a finalist in the Caribbean, Guernsey and Jersey categories.
Ogier’s Caribbean head of trusts, partner David Cooney, said, “This award is a recognition of our focus on, and continued investment in, our Private Client and Trusts team in the Caribbean region.
“We pride ourselves on providing practical, commercial advice, an approach that is welcomed by clients. The Caribbean team continues to grow and 2016 is off to a strong start – this recognition by Citywealth is excellent news.”
Ogier’s Trusts Advisory Group brings in experts from different disciplines, including dispute resolution and corporate specialists providing commercially focused advice.
BVI Partner Ray Wearmouth said, “Ogier’s Caribbean offering, across Cayman and BVI, has really shown its bench strength and we’ve found that our global private wealth team, made up of cross-service line partners, from trusts and tax through to regulatory, funds and disputes, has offered clients one entry point which services all of their needs.
“The market is changing rapidly though. Both jurisdictions are busy on the legislative front and new products for this sector should add even more scale to the offering, which is what the sector demands,” he added.
Collas Crill donates $2,900 to local charities
Collas Crill has donated $2,900 to Bonaventure Boys’ Home and Frances Bodden Girls’ Home, which operate under parent company the CAYS Foundation.
The money was collected through fundraising activities, such as bake sales, throughout last year. Donations were also made in exchange for furniture from the firm’s old office following its relocation to Willow House in September, with any remaining furniture donated to schools and churches, including Triple C and Clifton Hunter schools, Red Bay Primary School, St. Ignatius High School and Weslyan Church.
Bonaventure Boys’ Home operates a 24-hour 10-bed therapeutic community program that addresses the antisocial behaviors of their residents in a safe and nurturing environment.
This program also provides a school-based curriculum for all residents. Frances Bodden Girls’ Home operates a care and protection program offering 24 hour residential care for youths who are court-ordered as in need of care and protection in a safe and nurturing environment.
The charities were chosen at the beginning of the year by the firm’s Making a Difference committee, which is the in-house charitable face of Collas Crill in Guernsey, Jersey and the Cayman Islands. It offers employees the chance to create, organize, assist with and participate in activities throughout the year aimed at helping charities and initiatives based in or active in their area. The funds will be split evenly between the two charities.
Collas Crill Partner Alan de Saram, said, “Bonaventure Boys’ Home and Frances Bodden Girls’ Home provide invaluable services for young people in the Cayman Islands and we are pleased to be able to support them in this way. The support from staff has been excellent and we are aiming to support a wide variety of local causes over time.”
Andrew Small joins Decco
Andrew Small has joined Decco as senior manager, Strategic Planning and Operations. He brings experience in strategic, vision and mission planning to his new role and will assist with the development and implementation of the company’s strategic initiatives plan.
Prior to joining Decco, Mr. Small served as vice president of production at Caribbean Utilities Company, the firm said in a press release.