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Topic: European Commission
The European Commission has published a six-point anti-money laundering action plan last week that includes the proposal for a new EU AML authority and better alignment of its third-country blacklist with the Financial Action Task Force list of non-cooperative countries and territories.
The European Commission released a blacklist of 23 non-EU countries which the European body says have strategic deficiencies in their anti-money laundering and counter-terrorism financing frameworks.
Premier Alden McLaughlin led a government delegation to the United Kingdom and Brussels on Monday to promote Cayman’s financial services sector.
European Commissioner Pierre Moscovici at a meeting with Cayman Islands Financial Services Minister Wayne Panton in Brussels last week said he recognized the strength of Cayman’s tax transparency regime and its participation in the OECD’s base erosion and profit shifting inclusive framework, according to a press release from the Cayman Islands Government.
A “Digital Single Market,” like a single currency, is one of those grand European ideas that sounds better than it works.
The European Commission has launched the process of establishing the first common EU list of non-cooperative tax jurisdictions by releasing a pre-assessment scoreboard.
From one financial services-dependent jurisdiction to another, we in the Cayman Islands can certainly commiserate with the frustration that people in Ireland may feel at the latest economic assault from Brussels.
Over the long run, abolishing or at least drastically lowering the corporate income tax rate is more likely to increase government revenue – because of higher growth and better allocation of resources.
The European Securities and Markets Authority decided this month to delay a recommendation to the European Commission on whether to grant a third country passport to Cayman Islands Alternative Investment Fund managers.
The European Commission plans to reform national tax blacklists of EU member states by replacing them with a common EU-wide blacklist. The proposal is part of new measures against corporate tax avoidance presented by the Commission last week.
The European Commission presented new measures against corporate tax avoidance last week.