Friday 23 August, 2019

Cayman welcomes exclusion from EU 'blacklist'

The Chamber of Commerce has today welcomed news that the Cayman Islands was not included on the recent European Union revised list of non-cooperative tax jurisdictions.

Highlighting the news, Chamber President Chris Kirkconnell said Cayman's history of commitment to cross border cooperation meant this result was expected. 

"The Cayman Islands has always struck the right balance between meeting truly global international standards while ensuring that the jurisdiction remains attractive to legitimate international business,” he added.

Mr Kirkconnell said that various representatives of the Chamber have been working with the government as part of a number of industry working groups over the past months on the EU initiative.

He revealed: “The Chamber of Commerce remains committed to working closely with the public sector and other industry bodies to ensure that the jurisdiction maintains its success as a leading international financial services centre.

“Congratulations to all of the various industry association representatives and government officials on this result."

Get the latest local and international news straight to your mobile phone for free: