The EU has announced today (6 October 2020) that the Cayman Islands has been removed from its list of non-cooperative jurisdictions for tax purposes.
The decision was made unanimously by the EU’s 27 member states’ finance ministers who all voted in writing over the last few days. This means that Cayman is now on the white list, along with other major Overseas Territories and Crown Dependencies.
The government of the Cayman Islands has welcomed the move, stating that Cayman remains fully committed to international tax good governance standards. It also noted that the EU has now joined the OECD in positively recognising Cayman’s tax regime.
