Cayman Islands removed from EU List of Non-Cooperative Tax Jurisdictions

The CEO of Cayman Finance, an organization which represents Cayman’s financial services industry responded to the news by stating: “The EU’s recognition of the Cayman Islands as cooperative on both transparency and fair taxation is an important validation of Cayman’s commitment to a responsible policy of tax neutrality that poses no harm to other countries.”

The Cayman Islands Government welcomed the news, issuing a statement in which the Premier, Alden McLaughlin stated; “Cayman responded positively by expanding the scope of our funds regime to ensure that the Cayman Islands Monetary Authority, our financial services regulator, has the legal mandate to supervise all Cayman-based investment funds.”

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