OECD Responds To EU's Blacklist

The Cayman Islands Government, along with its fellow 126 members of the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes, today received an email signed jointly by the Director of the OECD Centre for Tax Policy and Administration (CTPA), and the Head of the Global Forum Secretariat, in relation to the EU Commission's 'blacklist'.

'As the OECD and the Global Forum we would like to confirm that the only agreeable assessment of countries as regards their cooperation is made by the Global Forum and that a number of countries identified in the EU exercise are either fully or largely compliant and have committed to AEOI, sometimes even as early adopters', the email states.