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Follow on Google News | CAYMAN makes OECD WHITELIST! – Real Estate in Cayman IslandsReal estate in cayman islands - Cayman on OECD 'white list' Reuters 14 August 2009.
By: realestateincayman The OECD said the British Virgin Islands and the Cayman Islands had both signed pacts with New Zealand to give them the needed quorum. "Today the British Virgin Islands and the Cayman Islands take their place alongside other countries that have substantially implemented the internationally agreed tax standard," said Jeffrey Owens, head of the OECD's Center for Tax Policy and Administration. "Six jurisdictions have moved into this category since April," he added in a statement. Leader of Government Business/Premier Designate, Hon. McKeeva Bush said: “For over four decades the Cayman Islands has steadily earned its place as a world‐class international financial services centre. The Cayman Islands Government sees the OECD’s recognition as a natural outcome of the country’s substantial commitment to uphold an equally world‐class international cooperation regime in the exchange of tax information.” Mr Bush added: “The Cayman Islands Government is looking forward to working in partnership with competent authorities in implementing agreements it has signed, concluding additional agreements with Cayman’s important trading partners in financial services and continuing its active role in the OECD Global Forum, to which it committed to in 2000.” Mr Bush concluded that this move to advance the country's various global commitments in the area of international cooperation and regulation is part of the recently‐elected United Democratic Party's manifesto pledge to enhance and protect the industry. Anthony Travers, chairman of the Cayman Islands Financial Services Association (CIFSA), said, "We are pleased to see that Cayman’s position on tax transparency has now been recognized by the OECD. For more details visit our website: www.irg.ky # # # Cayman Islands Real Estate - cayman islands real estate company is one of the leading integrated real estate services providers. Looking for real estate in cayman? End
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