Caymans extend tax assistance

The Cayman Islands has confirmed an extension of tax information assistance to seven new countries.



The announcement comes just days after the Group of 20 finance ministers in London agreed to tighten rules on offshore financial centres.



Authorities in the Cayman Islands say the agreement will allow the seven European states, including Germany and Belgium, to request tax information from the territory.



A number of tax centres have signed tax information sharing accords with G20 nations in recent days.