GEORGE City, Cayman Islands–(Enterprise WIRE)–Jun 8, 2021–

Cayman Finance issued the following statement by CEO Jude Scott adhering to the announcement by G7 Finance Ministers that they have attained settlement on a global minimum amount company tax price:

“The Cayman Islands is a tax neutral jurisdiction and our fiscal expert services market is the world’s leader in global investment decision cash, which are internationally recognised as tax neutral. Cayman achieves tax neutrality in the most basic and most cost-productive way doable: it does not include yet another layer of tax on top of that is imposed by other jurisdictions. This allows our economical products and services industry to do what it does finest, facilitating expense all through the environment, therefore driving world financial growth and prosperity.

Our industry will continue on to perform this critical part, considerably required all through this time of restoration from a world pandemic, following any implementation of a world wide least tax fee for multinational enterprises.

Our tax neutral routine recognises the worth of taxing the proper people today, at the right position, at the appropriate time. Without a doubt, Cayman’s tax info-sharing commitments permit more successful tax collection by other jurisdictions.

Taken as a complete, Cayman’s tax neutrality and worldwide commitments shield versus tax evasion, aggressive tax avoidance, unfair tax competitors and any tax hurt to other jurisdictions. That’s a record we are proud of and will carry on to advocate for in worldwide conventional-setting attempts.”

About Cayman Finance:

Cayman Finance is the affiliation of the economic services marketplace of the Cayman Islands, a premier worldwide tax neutral financial hub proficiently connecting regulation abiding consumers and providers of investment decision money and financing close to the earth.

Cayman Finance represents initial amount support companies in investment decision funds and asset management, banking, coverage, reinsurance, funds marketplaces, and trusts sectors and earth course fiduciary, legal, and community accounting support suppliers. Moreover, Cayman Finance signifies 15 market associations.

Understand far more at: www.caymanfinance.ky

Check out resource variation on businesswire.com:https://www.businesswire.com/news/residence/20210608005327/en/

Make contact with: Cayman Finance:

Ben Meade, Conversation & Community Relations Manager

[email protected]| (345) 769-6203/924-0652

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Resource: Cayman Finance

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PUB: 06/08/2021 05:00 AM/DISC: 06/08/2021 05:02 AM

http://www.businesswire.com/news/residence/20210608005327/en

Copyright Company Wire 2021.