Ministry Continues Industry Discussions On EU Assessment

Noting that developments remain fluid, the Ministry of Financial Services gave local industry associations another update on Cayman's commitments in relation to the EU's assessment of jurisdictions' tax regimes.

The 26 April meeting at the Government Administration Building was attended by representatives from all of Cayman's financial services industry associations.

In her comments, Financial Services Minister the Hon. Tara Rivers told industry that Government's process for fulfilling our commitments continues to include their participation. 'Industry input remains critical', she emphasised, noting that it will help inform Government's response to the EU.

But she also underscored that discussions with the EU are continuing and as a result, the process may be adjusted as necessary.