Cayman added to EU's list of non-cooperative tax jurisdictions

Introduction

On 18 February 2020, the Cayman Islands were added to the EU's list of non-cooperative jurisdictions for tax purposes (“Annex I”) following a meeting of EU finance ministers in Brussels.

What should investment managers and Cayman Islands funds be considering following the decision?

Investors in Cayman funds may be interested to understand the impact of the addition of the Cayman Islands to Annex I on their investment.

Please see our note below in which we set out the key practical impacts for investment managers and Cayman Islands funds, as things currently stand.

We would suggest that these points are used to prepare key messaging to investors.