Cayman Islands: Premier to tackle EU’s tax haven blacklist in UK

Cayman Islands Premier Alden McLaughlin will begin a series of meetings in London this week with UK leaders as he moves to build on relations across the pond to champion Cayman’s reputation.

It comes on the heels of the European Union’s decision last week to blacklist Cayman as a non-cooperative tax jurisdiction, the only British overseas territory named.

The blacklisting also follows the UK’s departure from the EU through Brexit.
Cayman, together with Palau, Panama and the Seychelles, was added to the list at a meeting of the bloc’s finance ministers last Tuesday.

The EU, in its statement on the list, said, “These jurisdictions did not implement the tax reforms to which they had committed by the agreed deadline.”

This article has been summarised, the full original article can be found at caymancompass.com

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