Tag: EU black-list
BOTs still hopeful of dodging EU blacklist
(CNS): The issue of the European Union blacklisting process was a prominent topic of discussion this week in London at the Joint Ministerial Council meeting between the leaders of British Overseas Territories and UK officials. The session Wednesday on financial services was attended by Mel Stride, the UK Treasury’s Financial Secretary, who told the territories’ […]
Rivers talked with financial sector ahead of EU trip
(CNS): Ahead of her trip to Brussels this week, Financial Services Minister Tara Rivers and her technical officials engaged with the local industry about Cayman’s commitments in relation to the EU’s assessment of jurisdictions’ tax regimes. Rivers said “developments remain fluid” and that government’s process for fulfilling its commitments continues to include the participation of the […]
CIG to meet EU and OECD on ‘economic substance’ issue
(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 of economic substance in the financial services sector here, which […]
Cayman under new EU black-list threat
(CNS): As the UK government moves towards trade talks with the European Union as part of the Brexit negotiations, the British Overseas Territories, including Cayman, could be used as leverage and may be placed on the black-list that they recently avoided, according to a report in the Independent Sunday. Brussels is planning to demand that […]
EU to outline next step in letter to Cayman
(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 financial and tax transparency. According to documents […]
