Prevention of Avoidance. The Cayman Islands shall: a) support the full and effective implementation of this Agreement including through any changes to domestic legislation or administrative practice; b) implement, as necessary, requirements to prevent Financial Institutions, any persons or intermediaries from adopting practices intended to circumvent the reporting required under this Agreement. This shall include legislation with the equivalent effect, and introduced to the same timetable as, that required by any agreement the Cayman Islands has with Government of the United States of America to Improve International Tax Compliance and to Implement FATCA.
Appears in 3 contracts
Sources: International Tax Compliance Agreement, International Tax Compliance Agreement, International Tax Compliance Agreement