Cayman to wants participate in EU Savings Tax Directive revision
In order to acknowledge the solidarity between the Overseas Countries and Territories (OCT) and the European Union (EU), the Cayman Islands has emphasized that it desires to be involved in the revision of the European Union EU Savings Tax Directive.
The representative of the Cayman Islands in the United Kingdom, Mrs Jennifer Dilbert, MBE, JP, noted government’s position during the recent 6th Overseas Countries and Territories of the European Union Forum (OCT-EU Forum) that was held in Brussels on November 27-28, 2007.
Being aware that to facilitate the revision a committee has been formed, Cayman wanted the territories be represented in order to ensure that all perspectives are taken into consideration. The Cayman Islands requested the territories be represented through the Overseas Countries and Territories Association (OCTA). To remind, the OCTA consists of 17 members – Cayman Islands, BVI, Anguilla, Turks and Caicos Islands, Aruba, Falkland Islands, French Polynesia, Mayotte, Montserrat, Netherlands Antilles, Greenland, New Caledonia, Pitcairn, St. Helena and dependencies, St. Pierre and Miquelon, French Southern and Antarctic Territories, Wallis, Futuna.
Mrs Dilbert also processed Cayman’s request that the results of any appraisals that resulted from examination and assessments from regulatory watchdogs (like the Caribbean Financial Action Task Force (CFATF) or the International Monetary Fund (IMF)) be appreciated by the European Commission Directorate General Taxation and Customs Union.
The forum’s key theme was the solidarity between the OCTA and the EU. The OCT-EU Forum drew about 130 delegates. It was also attended by Mrs Dilbert’s Personal Assistant Kate Kandiah, chief representative from Cayman Cabinet Office Policy Analyst Christina Rowlandson, as well as Cayman’s Chief of Protocol Virginia Madison.