The Cook Islands Ministry of Finance and Economic Management issued a media release on 10 September 2021 concerning the integration of International Companies into the Cook Islands domestic tax system. The release provides guidance on the new tax obligations for International Companies considering the removal of tax exemptions by the International Companies (Removal of Tax Exemption) Amendment Act 2019, which entered into force on 17 December 2019 with a transition period to 31 December 2021. The main guidance is as follows: --- New tax obligations for International Companies The International Companies (Removal of Tax Exemption) Amendment Act 2019 abolished tax...