Minister points to worrying trend at EU grilling

Cayman Islands Financial Services Minister Wayne Panton

(CNS Business): The Cayman Islands financial services minister says there is a worrying trend in attitudes towards offshore financial services in Europe that would go well beyond concerns about automatic exchange of information and public access to beneficial ownership. Wayne Panton said some European politicians appear to be reverting back to arguments from the 1990’s that zero or low tax jurisdictions should be penalised and that financial centres with no direct tax could merge on new blacklists.

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