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Maples and Calder
Maples Looks Forward to Cayman's Inclusion on the OECD 'White List'
April 26th, 2009
We are pleased to see that the decision by the Organisation for Economic Cooperation and Development (OECD) to place the Cayman Islands on a list of jurisdictions that have committed to "internationally agreed tax standard[s]" recognises the significant cooperation by the Cayman Islands over the years with several governments and other organisations like the OECD. For example, the Cayman Islands have entered into twenty tax information exchange commitments, both bilateral and unilateral, the largest number of any offshore financial centre, and have implemented the automatic information-sharing with all EU states under the EU Savings Directive. Although the OECD is still...
Source: Pharma Investments, Ventures & Law Weekly (2009-04-26)
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