Cayman Islands removed from EU tax haven blacklist

News Team, 07/10/2020

The European Union has announced that the Cayman Islands has been removed from its tax haven blacklist.

At the same time Oman as also removed but Anguilla and Barbados have been added meaning twelve jurisdictions - American Samoa, Anguilla, Barbados, Fiji, Guam, Palau, Panama, Samoa, Seychelles, Trinidad and Tobago, the US Virgin Islands and Vanuatu – now feature.

EU finance ministers said that both Oman and the Cayman Islands had implemented the necessary reform for removal.

The full review process carried out by the European Council’s Code of Conduct Group (CoCG) since 2018 determined that, by enacting e...

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