Cayman Finance is pleased to note that the Organisation for
Economic Co-operation and Development (OECD), has completed a
review of the Cayman Islands' domestic legal framework that
includes economic substance legislation and found that the Cayman
Islands tax neutral regime is not harmful and meets all economic
substance requirements.
The review was conducted by the OECD Forum on Harmful Tax
Practices (FHTP) in June 2019. Cayman was one of 11 jurisdictions
assessed during this round of reviews.
As part of the Inclusive Framework, the FHTP will annually
review changes in the legal framework, as well as the
implementation of safeguards and enforcement measures in
practice.
"As a premier global financial hub, it is important that
international standard setting bodies, like the OECD, have reviewed
Cayman's legal framework and independently reaffirmed that we
meet all of the relevant international requirements and that
Cayman's tax neutral regime does not pose harm
