Existence of Cayman tax directive confirmed by Cayman sources

Offshore Alert can today confirm that the Cayman Islands Governor, John Owen, HAS received a directive from the Foreign and Commonwealth Office in London instructing the island to introduce legislation to assist foreign countries with tax investigations.Yesterday, we ran a story indicating that the directive existed but also quoting senior government and business sources as categorically stating that it did not.Today, after further investigations, Offshore Alert can clear up any confusion and confirm that FCO correspondence seeking co-operation on foreign tax investigations has indeed arrived in Cayman and its existence is well-known in the top echelons of power.