2016 August: On 22 August 2016 the Italian Government added 51 new jurisdictions to the list of jurisdictions that it considers allow an adequate exchange of information for tax purposes with Italy (the so called “white list”).
2016 August: Following the UK vote to leave the European Union, and with the fallout from the Global Financial Crisis of 2008 still fresh in the minds of those who lost money held in financial institutions, people in Europe are again questioning the security of their funds deposited in banks arou
2016 July: The OECD’s Global Tax Transparency Forum Phase 2 peer review process continues with Switzerland, the world’s largest financial centre in terms of funds under custody, having now attained the rating of “largely compliant”.
2016 May: Tamatoa Jonassen, CEO of the Cook Islands Financial Services Development Authority was recently featured by Global Island News in an article titled "A Bridge to Financial Safety in a World of Turmoil" available in the May 2016 edition of Global Island News or online here.
2015 Sept: The Cook Islands signed its 21st Tax Information Exchange Agreement (“TIEA”) with the Kingdom of Belgium in Brussels on 21 August 2015. The signing signifies further progress by the Cook Islands in meeting our international tax obligations.
2015 Sept: Tamatoa Jonassen, CEO of the Cook Islands Financial Services Development Authority was recently interviewed by Global Island News relating to the financial services industry in the Cook Islands.
2015 Sept: The Financial Institution (Provision of Customer Information) Act 2013 ("Act") passed in 2013 was designed to remove legislative barriers which prevent Banks and Trust Companies that operate in the Cook Islands from providing to the tax authorities of other countries i
The Cook Islands Parliament passed the Trustee Companies Act 2014 which will improve the Financial Supervisory Commission's ability to carry out its functions in line with current international standards.
As part of its long term strategy to grow the international financial services industry through new services and new client markets, the Parliament of the Cook Islands passed the Captive Insurance Act 2013 during yesterday's session.