Cayman Islands claims victory in row with British government over EU Savings Directive

The heated debate between the Cayman Islands and the British government over implementing EU Savings Directive-friendly policies has ended in victory for the offshore jurisdiction in the form of a series of concessions and favourable treatments. But the UK may have in the process threatened the agreements it has already struck with the other British dependencies, including the Isle of Man, Jersey and Guernsey, who neither asked for nor received any such sweeteners. Having initially pulled out of the negotiations on the grounds that agreeing to exchange tax information or setting up a with...