Removal Of The Cayman Islands From The EU List Of Non-cooperative Jurisdictions For Tax Purposes
The Cayman Islands has been removed from the EU’s list of non-cooperative jurisdictions for tax purposes, it was confirmed today. It was announced in February this year that the Cayman Islands had been added to this list.
The Cayman Islands Government has continued its engagement with EU officials on the ongoing measures to address their concerns and the Cayman Islands has now been removed from the list, having implemented enhancements to its regulatory framework. The Cayman Islands Government has welcomed this decision. These reforms comprised of comprehensive legislative changes made to strengthen its investment funds regulations, adding to the requirement of economic substance within the Cayman Islands for, inter alia, discretionary fund management.
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