Jude Scott, CEO of Cayman Finance, issued the following statement in response to the completion of the EU process on non-cooperative tax jurisidictions:
Cayman Islands has not been included on the EU’s list of non-cooperative tax jurisdictions.
Cayman Finance has worked hard with the Cayman Islands Government to address the concerns the European Union has raised.
We are at the forefront of regulatory and tax compliance and information exchange. The Cayman Islands meets or exceeds the highest global financial standards, sharing the same OECD rating as many EU Member States. As an early adopter of international best practice in standards for transparency and cross-border cooperation we will continue to work closely with our colleagues in tax and law enforcement authorities around the world.
We are confident that we will be able to address the areas where the EU requires some further clarification.
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