Tag: Council of the European Union

EU issue remains ‘fluid’ as deadline approaches

EU issue remains ‘fluid’ as deadline approaches

| 04/10/2018 | 8 Comments
(CNS): Financial Services Minister Tara Rivers described the situation between the Cayman Islands and the European Union over the looming threat of blacklisting at the end of this year as “fluid” following meetings in Brussels last month. The Cayman Islands avoided the latest offshore fi [...]

Continue Reading

CIG to meet EU and OECD on ‘economic substance’ issue

CIG to meet EU and OECD on ‘economic substance’ issue

| 16/01/2018 | 33 Comments
(CNS): Officials from the financial services ministry have confirmed that Cayman has been invited to a meeting with the European Union and the OECD, along with five other jurisdictions, on the latest European grey-list. The ministry said the informal voluntary meeting was to discuss the definition [...]

Continue Reading

EU to outline next step in letter to Cayman

EU to outline next step in letter to Cayman

| 06/12/2017 | 100 Comments
(CNS): The Cayman Islands has just twelve months to address the issues that caused the EU to include this jurisdiction among the 47 on its ‘grey-list’, after it managed to avoid being placed on the black-list of countries that European leaders regard as uncooperative when it comes to fin [...]

Continue Reading

Cayman among jurisdictions on EU ‘grey-list’

Cayman among jurisdictions on EU ‘grey-list’

| 05/12/2017 | 51 Comments
(CNS): The Cayman Islands has dodged the European Union Council’s black-list of 17 uncooperative nations after the much-anticipated tax list was published Tuesday. However, this jurisdiction and more than 40 other countries are on a ‘grey-list’ of countries that have agreed to take [...]

Continue Reading