Cayman Islands

OECD Global Forum Meeting of the Joint Ad Hoc Group on Accounts: News Release

 

28 October-1 November 2002, Cayman Islands

This week the Government of the Cayman Islands hosted a meeting of the OECD Global Forum on Taxation. The Honourable McKeeva Bush, Leader of Government Business of the Cayman Islands, and Mr Seiichi Kondo, Deputy Secretary-General of the OECD, opened the meeting.

The meeting brought about an enhanced sense of inclusive partnership amongst OECD and non-OECD countries and territories, working together to achieve common standards for transparency and effective exchange of information for tax purposes. The delegates of the participating partners confirmed the common aim of fostering a transparent and well-regulated global financial system based on common standards, which seeks the participation of all OECD Member countries and non-OECD countries and territories that offer themselves as responsible jurisdictions in a global economy. It was agreed that it is valuable to examine current and developing standards and practices in all countries and territories in taking this work forward to achieve a level playing field.

Delegations from the following participating partners attended the meeting: Antigua and Barbuda, Aruba, The Bahamas, the Kingdom of Bahrain, Belize, Bermuda, the British Virgin Islands, Canada, the Cayman Islands, the Cook Islands, France, Germany, Gibraltar, Guernsey, Ireland, Isle of Man, Japan, Jersey, Malta, Mauritius, Mexico, the Netherlands, the Netherlands Antilles, Panama, Saint Christopher and Nevis, Saint Vincent and the Grenadines, Samoa, the Seychelles, Spain, Sweden, the United Kingdom, and the United States.

The meeting has committed to examine the next steps to further the group's work. These include a recognition of the importance of all international bodies working in this area to co-operate with a view towards harnessing sometimes scarce resources within participating countries and territories, consistent with creating efficient and realistic compliance norms.

The participants expressed their gratitude to the Government of the Cayman Islands for hosting the meeting.

Download the Opening Statements in pdf file format:

 

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