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Minister for Financial Services André Ebanks recently
attended the invitation-only 2023 EU Tax Symposium for key EU
international tax cooperation and policy decision makers.
Minister Ebanks was invited by Paul Tang, the chair of the EU
Parliament’s Subcommittee on Tax Matters (FISC), to the 24-25
October symposium in Brussels. FISC was established to assist in
the fight against tax fraud, tax evasion and tax avoidance, as well
as for tax transparency purposes. Minister Ebanks spoke in front of the subcommittee in November
of last year to provide a better understanding of Cayman’s
cooperation with jurisdictions globally to prevent and detect
international tax crimes.
It was the first time European Parliament and the European
Commission jointly organised the EU Tax Symposium. In addition to
Minister Ebanks and the Department for International Tax
Cooperation’s Senior Policy Advisor, Alfred Tweneboah,
attendees included the EU’s Commissioner for the Economy, Paolo
Gentiloni; European Commission Executive Vice President, Valdis
Dombrovskis; and Gerassimos Thomas, the head of the
Directorate-General for Taxation and Customs (DG TAXUD).
The symposium, which included ancillary events such as a gala
dinner, provided further opportunities to engage with the EU and
other members of the international financial services community,
such as the OECD’s Director of the Centre for Tax Policy and
Administration Manal Corwin, and the OECD’s Deputy
Secretary-General
Minister for Financial Services
André Ebanks attended the invitation-only 2023 EU Tax
Symposium alongside the Department for International Tax
Cooperation’s Senior Policy Advisor Alfred Tweneboah.
FISC Chair Paul Tang with Minister
Ebanks at the EU Tax Symposium gala dinner.
The 2023 EU Tax Symposium was
jointly organized by the European Parliament and the European
Commission. Source: EU TAXUD
Fabrizia Lapecorella; former OECD Director of the Centre for Tax
Policy and Administration, Pascal Saint-Amans; industry
stakeholders; non-governmental organisations; and representatives
from UK Crown Dependencies and Overseas Territories.
“While we were at the symposium, we had the opportunity to
describe our regime, gain insights into international trends, and
learn the prospective direction of EU tax initiatives, to keep the
Cayman Islands at the forefront of these matters. The Cayman
Islands’ invitation to this event, and the reception we
received, strongly indicates that our proactive engagement approach
is building mutually respectful relationships, which foster
constructive dialogue with our European counterparts,”
Minister Ebanks said.
The symposium was hosted during the same week as the Financial
Action Task Force Plenary, which was held in Paris. Based on the
order of agenda items for each event, Minister Ebanks was able to
set a schedule that enabled him to attend key parts of both events.
The Cayman Islands was removed from the FATF’s grey list on
Friday, 27 October.
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