As of February 18, 2020, the European Union has placed the Cayman Island on its “Blacklist” of counties deemed non-cooperative for tax purposes. Depending on what agreements each of the EU countries has with the Cayman Islands and what tax consequences each has with the islands, there may be tax consequences of this Blacklisting. As… Read more »
Posts Categorized: Funds – Offshore
Non-EU AIFs to be Subject to EU Rules
On May 4, 2017, the EU Commission adopted proposals to amend the current European Market Infrastructure Regulation (“EMIR”). The proposals contain a number of possible changes, but among them is a proposed change to the definition “financial counterparty” to include an Alternative Investment Fund (“AIF”), whether established in the EU or outside the EU, even if its manager is… Read more »