Cayman Islands:
Cayman Islands Removed From EU List Of "Non-Cooperative" Tax Jurisdictions
07 October 2020
Carey Olsen
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The European Union's Economic and Financial Affairs Council
(ECOFIN) has announced today that it has removed the Cayman Islands
from its list of non-cooperative jurisdictions for tax purposes
(the "EU Blacklist").
Commenting on the decision, Cayman Islands Managing Partner Nick
Bullmore added: "This is clearly very welcome news.
The Cayman Islands' Government has been actively engaging with
the EU ever since their surprise decision to place the Cayman
Islands on the EU Blacklist earlier this year. We were confident
that the blacklisting would be temporary given the Cayman
Islands' continuing commitment to meet all appropriate global
tax, transparency and governance standards."
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