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Cayman Islands Responds to Blacklisting by the Netherlands; Remains Committed to Global Standards

10 January 2019

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Cayman Islands-Netherlands

The government of the Cayman Islands has issued a response to its "blacklisting" by the Netherlands as a low-tax jurisdiction ({News-2019-01-02/A/7-previous coverage}). --- The Cayman Islands Government regrets that the Kingdom of The Netherlands has chosen to break from other EU Member States to pursue a "blacklist" of 21 jurisdictions, including the Cayman Islands, based solely on the criteria of having a lower corporate tax rate than any EU Member State. This "blacklisting" does not take into account Cayman’s demonstrated adherence to international standards for tax transparency, or participation with the OECD’s BEPS Inclusive Framework, and ignores our engagement with...