Other Nations Called To Meet ‘Bermuda Standard’

November 13, 2017 | 10 Comments

Saying they note “continuing reporting on matters arising from an illegal, multi-territory cyber breach of an international offshore legal services firm, including its office in Bermuda,” the Bermuda Government said they have “mutual tax treaties that represent agreements with over 100 countries,” and called on G20 and OECD members to meet “the ‘Bermuda Standard’ immediately.”

Bermuda Flag TC Nov 13 2017

“The Government of Bermuda notes recent continuing reporting on matters arising from an illegal, multi-territory cyber breach of an international offshore legal services firm, including its office in Bermuda,” a spokesperson said.

“The Government is continuing a review of all matters concerned. It also notes the remarks of the Secretary General of the OECD that, ‘quite literally there is no place to hide’, as a result of recent international cooperation agreements in which Bermuda has played a prominent role.

“Bermuda is already in step with leading regulatory standards.”

Premier of Bermuda and Minister of Finance David Burt, added, “We are fully compliant as an administration with all our international obligations with mutual tax treaties that represent agreements with over 100 countries.

“Today, we wish formally to call on all G20 and OECD members to meet what people are already calling the ‘Bermuda Standard’ immediately. We will be pressing this case at every opportunity.”

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Comments (10)

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  1. Bermmanymanymanymen says:

    Bermuda needs to stop worrying about other countries and sort its own….What has the so called finance minister done in the way of providing new jobs? Moving the economy forward? Paying the debt?….most of the countries he listed have industries….which Bermuda doesn’t….so no point comparing…..

  2. Navin Johnson says:

    We are the center of the Universe and will tell all other countries what to do….David Burt The King of the World

  3. Excellent! says:

    Premier Burt, I am thankful for your statement and I applaud this defense. This is the way forward, calling on others to meet our high international standards. Thank you for not selling out Appleby and our International Business model, unlike the former Premier and his asinine statement. Bermuda first, regardless of whether you are a fisherman, a dentist, a librarian, a trash collector, a teacher, the unemployed or someone employed in International Business. This is an attack on Bermuda and we must tackle this together if we are to continue to prosper as a country.

  4. Greg says:

    When will they provide new jobs this government ?

  5. bdaboy says:

    ” This is the way forward, calling on others to meet our high international standards. ”

    Too bad Bermuda fails so miserably in basic human rights.
    The rest of the world is aware of the PLPs disdain for foreign investment, gays and some people.

  6. campervan says:

    Lot of “for Sale” signs going up all over the Island.
    Whats happening?

    • Bermmanymanymanymen says:

      You can’t be anti foreign investment when your country relies on foreign investment.

  7. Mrs Brady says:

    Mass exodus imminent. The people will finally get the Bermuda they wanted.

  8. Do Right says:

    Standards you say? Surely you jest David Burt. Until everyone comes clean regarding the introduction of Gambling, you have no credibility in the eyes of the outside world.

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