Cayman Islands talks on agreements with Nordic countries
The Cayman Islands and the 7 Nordic countries – Finland, Norway, Sweden, Greenland, Denmark, Faroe Islands, and Iceland – have concluded technical negotiations on bilateral agreements. The documents to be signed include tax information agreements. The negotiations took place at a meeting between the respective delegations that was held in Copenhagen on March 5-6, 2009.
These were the 2nd-round negotiations, but the 1st-round had taken place on April 17-18, 2008 in the Cayman Islands.
Cayman Minister for International Financial Services Policy, Alden McLaughlin expressed his pleasure see these agreements with Nordic Group partners because this proves that much can be achieved if parties approach negotiations in a fair manner. He also said that the Cayman Islands is going to continue this trend, involving arrangements for the provision of information on tax matters. McLaughlin added that such arrangements signify that the jurisdiction does not trade on secrecy or illicit tax activity.
The 7 tax information agreements are to be signed in April 2009 in Stockholm.