The Cayman Islands, a British overseas territory, is to be put on the European Union’s list of “non-cooperative tax jurisdictions” less than a month after the UK’s withdrawal from the bloc. The Cayman Islands will join the ranks of “blacklisted” territories, which already include Fiji, Oman, Samoa, Trinidad and Tobago, Vanuatu and the three US territories of American Samoa, Guam, … Read More
OECD Assessment Of Low-Tax Jurisdictions Updated- UAE Is Close To Compliance
The July 23rd 2019 report of the OECD Forum (Organisation for Economic Co-operation and Development) on Harmful Tax Practices (HTP) has concluded that 11 of the 12 countries on its list of low-tax jurisdictions are compliant with its standards for ‘substantial activity’ legislation. Their tax regimes are therefore not considered harmful anymore. Since November 2018 all the relevant nations embarked … Read More