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Cayman Islands signs Tax Information Exchange Agreement with Brazil - "TIEA"

Cayman continues to deliver on tax transparency.

As well as the developments related to AIFMD and FATCA, Cayman recently announced the signature of its 31st tax information exchange agreement (TIEA).

This agreement, signed on March 19 with Brazil, is an important milestone, given that Brazil is a rapidly growing economy which already has significant financial ties with Cayman.

According to the Ministry of Finance, in 2011, capital flows from global investors channelled through Cayman investment funds into Brazil totalled US$17 billion.

This latest TIEA followed hard on the heels of one with Italy, signed in January of this year.

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