Cayman stays on the grey list

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Cayman had a meeting with the OECD last week in which they tried to get off the Organisation for Economic Cooperation and Development grey list and onto the white list alongside the Crown Dependencies.

They failed, as the Tax Justice Network reports here. And as THN says, much as we criticise the OECD this decision was right. Whilst Cayman spokespeople persist with their absurd claims that no financial problems have ever arisen in Cayman (which as TJN documents, is very obviously untrue) it is very hard to take their commitment to responsibility seriously.

A candid recognition that Cayman has caused problems and that it does have serious issues to address might well suit it well right now. Protestations of innocence in the face of the evidence make no sense for it at all.