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The Chamber of Commerce said it welcomed news that the Cayman Islands was not included on the recent European Union’s (EU) revised list of non-cooperative tax jurisdictions, while noting that given the Cayman Islands history of commitment to cross border cooperation this result was expected.
"The Cayman Islands has always struck the right balance between meeting truly global international standards while ensuring that the jurisdiction remains attractive to legitimate international business,” said Chamber President, Mr. Chris Kirkconnell.
Mr. Kirkconnell said that various representatives of the Chamber have been working with the government as part of a number of industries working groups over the past months on the EU initiative. “The Chamber of Commerce remains committed to working closely with the public sector and other industry bodies to ensure that the jurisdiction maintains its success as a leading international financial services centre”, he added.
“Congratulations to all of the various industry association representatives and government officials on this result,” said Mr. Kirkconnell