Tag: EU black-list
CIG still waiting on blacklist decision after EU trip
(CNS): After around 13 meetings with various European Union leaders and technocrats, as well as officials from direct member states, the Cayman Islands delegation led by the premier is still waiting to hear whether this jurisdiction has “passed muster” to prevent any more blacklisting. Premier Alden McLaughlin, accompanied by Financial Services Minister Tara Rivers, Attorney […]
Premier’s delegation begins Brussels meetings
(CNS): Premier Alden McLaughlin and the Cayman delegation he is leading to Europe began discussions on Monday with staffers from various EU commissions in Brussels about the blacklisting threats. The delegation began by meeting David Boublil, a member of the Cabinet of Pierre Moscovici, the Commissioner for Economic and Financial Affairs, Taxation and Customs; Gints […]
Industry rejects Dutch blacklist over low tax rate
(CNS): The decision by the Dutch government to publish its own subjective “blacklist”, which included the Cayman Islands because tax rates are lower than in the Netherlands, is unusual and ignores the facts, especially as Cayman has had a tax information exchange agreement (TIEA) in place with the Netherlands since 2009, according to the financial services industry […]
Premier back on the road in offshore fight
(CNS): Premier Alden McLaughlin left the Cayman Islands Wednesday, heading off on another UK-Euro-US trip to continue the work of keeping the jurisdiction from appearing on any more black-lists, as the fight to protect the financial sector here intensifies. McLaughlin, who has increasingly taken on the lead role in defending the offshore industry, despite having […]
OECD reps appear to give thumbs up to Cayman
(CNS): Government has revealed that two high-ranking representatives from the OECD Centre for Tax Policy and Administration were in the Cayman Islands last week, and they appear to have given the jurisdiction a thumbs up over its cooperation and new legislation regarding global tax issues. In a release from the financial services ministry, the centre’s […]
CIG: Dutch blacklisting unjustified diversion tactic
(CNS): Government has accused The Netherlands of including the Cayman Islands on its separate blacklist as a way of diverting criticisms of its own tax practices by attacking legitimate tax regimes. Officials here said it was “unjustified” and “wholly lacking in fairness and credibility” to place Cayman on the list of 21 jurisdictions. Cayman found itself […]
Cayman lands on Dutch tax haven blacklist
(CNS): As the Cayman Islands waits on confirmation that it has escaped blacklisting by the wider European Union, following the passage of new legislation just before Christmas, it has found itself on a new blacklist. Cayman is one of 21 jurisdictions on a list of low-tax jurisdictions released over the weekend by the Government of the […]
Premier agrees new offshore regime will boost population
(CNS): The offshore legislation that government steered through the Legislative Assembly on Monday to avoid being placed on the latest European Union blacklist will likely fuel population growth in the Cayman Islands, Premier Alden McLaughlin has told the Legislative Assembly, echoing recent statements by opposition MLA Chris Saunders. As he defended the eleventh hour bills, McLaughlin […]
Offshore laws pave way to major population growth
(CNS): Chris Saunders, the opposition spokesperson on financial services, believes that government should have had a much more open and honest conversation with the people of the Cayman Islands about the draft laws coming before Legislative Assembly on Monday, which many say will turn the local financial industry on its head. Saunders told CNS that […]
US could end up on EU blacklist, say officials
(CNS): As the European Union updates its blacklist of global financial centres, the United States could end up on the list next year, Bloomberg has reported. Many critics of the attacks on offshore centres have often pointed to the hypocrisy relating to how onshore financial centres in major countries are given a pass while offshore […]
New laws to shake up offshore sector
(CNS): Government has unveiled three new bills that will result in fundamental changes to the way some exempted companies do business in the Cayman Islands. Just weeks before the European Union’s deadline for offshore financial centres to address requirements over what it sees as unfair tax practices in order to dodge the latest black-list, Financial […]
