Although Cayman has substantially more compliance
requirements when compared to other jurisdictions
such as even the US, it has always struggled to shake
off misunderstandings about the nature of its regulatory
regime and the perception among some that it is a tax haven.
At the end of 2017, the Council of the European Union published
a list of non-cooperative jurisdictions for tax purposes in an effort
to clamp down on non-EU countries that are not doing enough to
tackle tax avoidance schemes.
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