Appleby welcomes the EU’s recognition of Cayman as a jurisdiction that operates to the highest international standards. We join Cayman Finance in its statement that, “the EU’s recognition of the Cayman Islands as cooperative on both transparency and fair taxation is an important validation of Cayman’s commitment to a responsible policy of tax neutrality that poses no harm to other countries. The EU now joins many other respected international entities like the OECD in identifying the Cayman Islands as a transparent jurisdiction without harmful tax regimes. We greatly appreciate the Cayman Islands Government’s cooperation and working relationship with the EU over many years that helped produce this outcome.”
If you have any queries about this change, please do not hesitate to get in touch with your usual Appleby contact.