The Cayman Islands and the seven Nordic countries, comprising of Denmark, Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, have successfully concluded technical negotiations on a series of bilateral agreements, including tax information agreements, at a meeting between the respective delegations held in Copenhagen on March 5-6.
These were second round negotiations, the first round having taken place in the Cayman Islands on April 17-18, 2008.
“We are very pleased to see these agreements come to fruition with our Nordic Group partners. It is proof of what can be achieved when parties approach negotiations in a fair manner, and we are keen to continue this trend, involving, on our part, effective arrangements for the provision of information on tax matters,” said Cayman Minister for International Financial Services Policy, Alden McLaughlin, adding: “This is further evidence that the Cayman Islands does not trade on secrecy or illicit tax activity.”
The seven tax information agreements are due to be signed in Stockholm in April 2009, after all countries have completed their individual administrative protocols.
The collateral commercial agreements, also signed in Copenhagen, will be signed at the Norwegian Embassy in Paris in mid-June.
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