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Don't rush too fast into Fatca compliance: PwC

Min Ho
The recent Cayman-US tax agreement has sparked a rush of Asian managers seeking to register as Fatca-compliant, says PwC's Angelica Kwan – but they need to be ready first.
Don't rush too fast into Fatca compliance: PwC

Hong Kong-based alternative asset managers with Cayman Islands-domiciled funds are rushing to comply with the US Foreign Account Tax Compliance Act (Fatca), after the Cayman authorities signed a tax information exchange agreement (TIEA) with the US at the end of last month.

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