Topic: EU blacklist
Cayman working to be removed from EU anti-money laundering list
The ministry of financial services said it will address any remaining anti-money laundering issues by completing a plan agreed with the Financial Action Task Force.
Cayman to feature on EU anti-money laundering list
Within the next few weeks, the Cayman Islands is going to be included on the European Union’s list of high-risk third countries for money laundering.
EU parliament pushes for stricter ‘tax haven’ blacklist
Members of the European Parliament passed a resolution on Thursday calling for reform of the EU list of uncooperative jurisdictions in tax matters.
EU releases assessment of Cayman’s fund regime
The EU Council has released its assessment that led to Cayman’s removal from the EU list of uncooperative jurisdictions in tax matters in early October.
Cayman taken off EU tax blacklist
European Union finance ministers have removed the Cayman Islands and Oman from its list of non-cooperative jurisdictions in tax matters, “after having passed the necessary reforms to improve their tax policy framework”, the EU Council said Tuesday.
Cayman expected to be removed from tax blacklist
European Union economics and finance ministers will decide Tuesday on a revised list of non-cooperative jurisdictions for tax purposes, which is expected to remove the Cayman Islands.
Lawmakers pass six financial services bills
Government and opposition members of the Legislative Assembly approved changes to the six financial services laws on Wednesday.
Premier: EU blacklist remains concern
Premier Alden McLaughlin has said the European Union’s blacklisting of the Cayman Islands remains “a source of major worry and concern” especially with the economy now heavily reliant on the Financial Services industry.
EU blacklist: Reputational pressure to achieve October removal
The local financial services industry is sanguine that the EU’s decision to put the Cayman Islands on its list of uncooperative jurisdictions in tax matters will be short-lived. At least for now.
Most advisors to hedge funds like offshore law firms or fund-governance firms describe the move as a temporary “technical listing” that is merely the result of bad timing.
Premier to tackle EU blacklist in UK
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.
EU adds Cayman to blacklist
The European Union has added the Cayman Islands, together with Palau, Panama and the Seychelles, to its list of non-cooperative tax jurisdictions at a meeting of the bloc’s finance ministers on Tuesday.
EU blacklist: Opposition, industry support government’s efforts
Opposition and industry representatives have expressed support for the government’s ongoing dialogue with the European Union and efforts to have Cayman taken off a list of uncooperative tax jurisdictions.
EU to put Cayman on tax blacklist next week
The European Union is set to place the Cayman Islands on its list of uncooperative countries in tax matters at a European Council session next week. The move comes less than a month after the UK has exited the EU.
EU to remove UAE from tax blacklist
European Union finance ministers are set to remove the United Arab Emirates from its list of countries deemed uncooperative in tax matters on 10...
Bermuda to be removed from EU blacklist
European Union finance ministers are set to remove Bermuda, Barbados and the Dutch Caribbean island of Aruba from its tax blacklist on Friday, according to an unnamed EU official cited by Reuters and Bloomberg News.
EDITORIAL – 11th-hour scramble to push through ‘blacklist bills’
We draw no comfort from the ministry’s claims that the bills have been subjected to in-depth consultation with Cayman’s financial services industry, local regulators, the EU and OECD. Assuming those discussions took place, they took place behind closed doors – out of sight, and earshot, from either Cayman’s public or stakeholders who were not selected by the government for consultation.
Draft law requires offshore companies to have local offices and staff
Government has released draft legislation that will impact certain offshore companies that are tax resident in Cayman by demanding that they must have an adequate level of economic substance locally.
EU blacklist update short on details
Financial Services Minister Tara Rivers has returned from her meeting with officials in Brussels about Cayman’s inclusion on the European Union’s list of non-cooperative tax jurisdictions, but government has provided little detail about what was discussed at the meeting or what Cayman may have to do by the end of the year to avoid being blacklisted by the EU.
EDITORIAL – Needed: A report from our woman in Brussels
The reality is that international investing and commerce, which constitute the vast majority of what takes place in the financial sector in these islands, do not require a huge physical presence.
Rahn: When bureaucratic bullies are in charge
The problem is many of the EU countries have excessively high and prosperity-destroying tax-systems, and hate the competition from countries that provide high levels of government service with far lower tax rates and more efficient systems.
