Cayman added to EU tax haven blacklist

Pedro Gonçalves
clock • 2 min read

The Cayman Islands is to be put on an EU blacklist of tax havens, making it the first UK overseas territory to be named and shamed by Brussels for failing to crack down on tax abuse. This decision was made under the reasoning that Cayman has not passed adequate legislation addressing concerns about companies without sufficient economic presence on-island, yet claim tax advantages. The Cayman Islands and the British Virgin Islands were both up for review by the EU this month after being grey listed in 2019. EU27 ambassadors made the decision to place the Cayman Islands on a list of ...

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