The Cayman Islands signed a Tax Information Exchange Agreement (TIEA) with France. The agreement was signed on behalf of the Cayman Islands by the Leader of Government Business/Premier Designate and Minister for Financial Services, the Honourable McKeeva Bush.

“This signing, secured by the Ministry of Financial Services negotiating team signifies the Cayman Islands continued commitment to OECD standards for transparency and exchange of information on tax matters.” Bush said, “The Cayman Islands is committed to endorsing OECD standards and we are determined to implement them fully.”

Following a mid-year acceleration to expand its network of signed agreements, the Cayman Islands received international recognition in mid-August when it ascended to the OECD’s “white list” of jurisdictions that have substantially implemented the internationally agreed tax standard. In September, the Cayman Islands were elected a member of the Steering Group of the OECD Global Forum.