On 18 February, the EU Council confirmed that the Cayman Islands had been added to the EU’s official list of non-cooperative jurisdictions for tax purposes, commonly referred to as the ‘EU blacklist’. This is a significant development, but, except in limited circumstances, in the short term it is not expected to give rise to any immediate adverse tax consequences. Any longer-term impact will depend both on (i) whether this turns out to be a temporary or more permanent status and (ii) investor perceptions, particularly for EU based investors.
If you are not a subscriber, subscribe now to read this content.
On 18 February, the EU Council confirmed that the Cayman Islands had been added to the EU’s official list of non-cooperative jurisdictions for tax purposes, commonly referred to as the ‘EU blacklist’. This is a significant development, but, except in limited circumstances, in the short term it is not expected to give rise to any immediate adverse tax consequences. Any longer-term impact will depend both on (i) whether this turns out to be a temporary or more permanent status and (ii) investor perceptions, particularly for EU based investors.
If you are not a subscriber, subscribe now to read this content.
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
