Cayman’s leaders return fire on the Dutch government describing its blacklist as “unjustified” and “wholly lacking in fairness and credibility.”
In a statement Friday (4 January) the Office of the Premier said the Dutch blacklist does not take into account Cayman’s adherence to international standards for tax transparency nor its participation with the OECD’s Base Erosion and Profit Sharing (BEPS) inclusive framework.
This week the Dutch Finance ministry published a blacklist of 21 low tax jurisdictions, Cayman was included in that list.
In its statement, the Premier’s Office said, “It is unfortunate that the Netherlands has chosen to attempt to divert criticism of its own tax practices by attacking the legitimate tax regimes of other jurisdictions.”
Cayman’s government said it will continue its commitment to adhering to global standards.
Read the Premier’s Office statement:
Read the Dutch Government’s statement here: https://www.government.nl/ministries/ministry-of-finance/news/2018/12/28/netherlands-publishes-own-list-of-low-tax-jurisdictions-in-fight-against-tax-avoidance