OECD in Cayman to check on tax transparency reform

OECD's top tax officials visited the Cayman following the jurisdiction's implementation of new legislation regarding economic substance that ensures companies have enough economic activity on the Island and not just a mailbox. Pascal Saint-Amans, director and head of OECD's Harmful Tax Practices unit, and Melissa Dejong met with Cabinet, caucus members, regulators, and business and financial services representatives on Jan. 3 and 4. In a statement from the financial services ministry, the centre's director, Pascal Saint-Amans, said that he did not receive any complaints from governmen...