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Eight Jurisdictions Removed From EU Blacklist

Eight Jurisdictions Removed From EU Blacklist

Barbados, Grenada, the Republic of Korea, Macao SAR, Mongolia, Panama, Tunisia and the United Arab Emirates have been removed from the European Union’s list of non-cooperative jurisdictions for tax purposes. The European Council said, “Eight jurisdictions have been removed from the EU’s list of non-cooperative jurisdictions for tax purposes,... Read more of this article

Report: EU To Target Territories In Brexit Talks

Report: EU To Target Territories In Brexit Talks

Demands to open up Britain’s “network of overseas tax havens are set to be used by the EU as leverage to force concessions during Brexit trade talks,” according to a report from the Independent, which stated that “as things stand it looks like Bermuda will be given a clean bill of health by the EU.” The story said, “Demands... Read more of this article

Video: Premier Burt On Relationship With EU

Video: Premier Burt On Relationship With EU

Bermuda is one of the leading countries in adopting country by country reporting for multi-national enterprises, and we will continue to cooperate with the European Union who is an “important partner for Bermuda,” Premier and Finance Minister David Burt said. These were some of the comments from Premier Burt when he sat down with Bernews... Read more of this article

Premier Burt On European Council Conclusions

Premier Burt On European Council Conclusions

Following the ECOFIN meeting in Brussels, Finance Ministers of European Member States “reaffirmed Bermuda’s status as a cooperative tax jurisdiction, “Premier David Burt said. Speaking in the House of Assembly today [Dec 8], the Premier, who also serves as Minister of Finance, said, “As I have said time and time again, Bermuda is... Read more of this article

‘EU Decision Demonstrates Bermuda’s Position’

‘EU Decision Demonstrates Bermuda’s Position’

[Updated] The Government of Bermuda said they note that the Economic and Financial Affairs Council [ECOFIN] has “reaffirmed Bermuda’s status as a cooperative tax jurisdiction.” Premier David Burt said, “Once again the EU has recognized Bermuda’s status as a cooperative jurisdiction, despite the interest surrounding a hack on a global... Read more of this article

Premier Travels To UK & Europe For Meetings

Premier Travels To UK & Europe For Meetings

Premier and Minister of Finance David Burt traveled to United Kingdom this weekend, with the Premier set to participate in a series of meetings in London and Europe. “The Premier will attend the annual Joint Ministerial Council [JMC] at the invitation of Lord Ahmad of Wimbledon, the Minister of State for the Commonwealth and the United Nations... Read more of this article

Premier On Meetings In Brussels, Paris, London

Premier On Meetings In Brussels, Paris, London

Speaking in the House of Assembly today [Oct 20], Premier and Minister of Finance David Burt provided an overview of his recent engagement in Brussels, Paris and London. Premier Burt said, “Europe is going through its greatest reform in our lifetime. It is responding to the impact of United Kingdom’s decision to leave the European Union, and... Read more of this article

Premier Burt Continues Meetings In Europe

Premier Burt Continues Meetings In Europe

During his first official visit to Europe, Premier and Finance Minister David Burt had a meeting with OECD Secretary General Angel Gurría in Paris. “The meeting with the Secretary General was wide reaching with the OECD leader offering the Premier information on how the OECD is assisting small countries to address sustainable environments in... Read more of this article

Premier Burt To Attend Meetings In Europe

Premier Burt To Attend Meetings In Europe

Premier and Minister of Finance David Burt is in Europe for meetings in London, Paris and Brussels, saying that “Bermuda has a recognised leadership position in transparency and compliance and our delegation will reinforce that message.” Premier Burt stated, “This week I have a series of meetings in London, Paris and Brussels. “Bermuda... Read more of this article

Column: Brexit’s Impact On Overseas Territories

Column: Brexit’s Impact On Overseas Territories

[Opinion column written by Paul Hare] When the Brexit referendum result was announced last June, I was working on the Turks and Caicos Islands, one of the UK’s overseas territories in the Caribbean. A collection of about 40 tropical islands, of which eight are inhabited, people there were shocked at the result. They were annoyed they hadn’t had... Read more of this article

Bermuda Placed On France’s “WhiteList”

Bermuda Placed On France’s “WhiteList”

France has awarded “whitelist status” to Bermuda for Country-by-Country Reporting, making Bermuda the first UK Overseas Territory to be awarded this status, Premier and Minister of Finance David Burt said in the House of Assembly today [Sept 22].The Premier said, “Why has France conveyed this positive recognition to Bermuda? The... Read more of this article

United States Issues Travel Warning For Europe

United States Issues Travel Warning For Europe

The United States government has issued a travel warning for Europe to its citizens, citing the fact that “the Islamic State of Iraq and ash-Sham [ISIS or Da’esh], al-Qa’ida, and their affiliates have the ability to plan and execute terrorist attacks in Europe.” A Department of State statement said, “Recent, widely-reported incidents... Read more of this article

UK MPs Discuss Bermudians Movement In EU

UK MPs Discuss Bermudians Movement In EU

The impact of Brexit on Bermudians freedom of movement in the European Union was recently discussed in UK Parliament, with Parliamentary Under-Secretary of State Robin Walker saying the “post-exit immigration rules that apply to British nationals in the EU will be the subject of negotiations, as will the detail of the future relationship between... Read more of this article