From Comment

“Nie Wieder” – And Yet Here We Are: The View From The Offshore Financial Centre

It is a regrettable but recognised fact of life that a distorted narrative describing the Cayman Islands as responsible for tax avoidance in the EU, much repeated by various EU bodies, and the NGOs it funds, has become widely accepted without a second thought as to any technical analysis. Constant repetition and a malign political intent, it seems, trumps any attempt to understand how precisely a jurisdiction without double tax treaties and, therefore, the receipts of whose investment structures are subject to full withholding tax set by the relevant EU jurisdiction and which provides full tax transparency and automatic tax reporting, is supposed to be involved in EU tax avoidance through base erosion and profit shifting.

Luxembourg: Building Tomorrow’…