Topic: tax blacklist

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.

Opposition lawmakers expressed concern over reports that European Union ambassadors have recommended the Cayman Islands be blacklisted as a non-cooperative tax jurisdiction.