Bermuda Signs Double Tax Agreement With Qatar

Last week Premier Paula Cox signed a Double Taxation Agreement with Qatar, saying “Today the Government of Bermuda lays down our trump card to further Bermuda as a western hub for the Islamic financial services industry. “The Double Taxation Agreement (DTA) signed today enters Bermuda among Qatar’s impressive DTA network of 50 DTAs and positions [...]

Premier Hails Bermuda’s OECD Peer Review

Premier and Minister of Finance Paula Cox yesterday [Apr. 8] expressed her pleasure at the results of the most recent assessment report of the Organisation for Economic Cooperation and Development [OECD] Peer Review Group [PRG]. A statement released said, “Bermuda was credited for legislative changes that have demonstrated progress and global leadership in the area of transparency and [...]

India Sending Tax Officers To Offshore Centres

India — which signed a pact with Bermuda in 2010 to facilitate  the exhange of information between the two countries on tax evasion — is planning a major crackdown on citizens who abuse offshore financial centres. New Delhi yesterday [Mar. 19] announced tax officers will be posted in offshore financial centres to spot suspicious transactions by Indian [...]

Qatar OKs Draft Bermuda Treaty

As the island continues its efforts to become the first Western sharia-compliant financial services hub, the oil-rich Persian Gulf state of Qatar yesterday [Jan. 26] approved a draft tax treaty with Bermuda. Qatar Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani chaired the Cabinet’s regular meeting when the Bermuda tax [...]

New Tax Agreements: Turkey & Korea

[Updated] Bermuda today [Jan. 23] signed Tax Information Exchange Agreements [TIEA] with both Turkey and the Republic of Korea. The agreement was sıgned by Mehmet Kilci, Presıdent of Revenue Admınıstratıon for Turkey and Premier and Finance Minister Paula Cox. A Government spokesman said the TIEA provides a full exchange of informatıon on crımınal and legal [...]

Sundance Film’s Focus On Tax Avoidance

Victoria Bruce, one of the filmmakers responsible for a new documentary premiering at the Sundance Film Festival this month, was drawn to the project when she realised her tax bill was higher than those of multinationals including Google — which avoid US taxes on foreign profits using off-shore jurisdictions like Bermuda. Her documentary “We’re Not Broke” [...]

Cox: ‘Frank & Meaningful UK Talks’

Bermuda Premier Paula Cox said today [Nov.25] she welcomes the intention of the UK Coalition Government to engage a new partnership with the Overseas Territories and acknowledges the obligations on all parties within that relationship. The Premier concluded two days of discussions at the annual Overseas Territory Consultative Council [OTCC] in London yesterday. Minister for the [...]

Premier Signs Malta Tax Agreement In UK

Bermuda’s Ministry of Finance announced today [Nov. 24] the signing of a bilateral tax information exchange agreement with the Republic of Malta. The agreement, which took place in London, was signed by Maltese High Commissioner to the UK H.E. Joseph Zammit Tabona and Premier and Finance Minister Paula Cox. “Negotiations took place in Bermuda during [...]

Bermuda Signs 28th TIEA With South Africa

Premier and Minister of Finance Paula Cox signed a Tax Information Exchange Agreement [TIEA] with South Africa, marking Bermuda’s 28th TIEA signing. Premier Cox said, “Today I signed a Tax Information Exchange Agreement (TIEA) with the Republic of South Africa. South Africa’s Minister of Finance the Hon. Pravin Gordhan signed the TIEA in South Africa [...]

Bermuda Signs TIEA With Argentina

Earlier this morning [Aug.22] Premier Paula Cox signed Bermuda’s 27th Tax Information Exchange Agreement [TIEA] with Argentina. Today’s signing ceremony took place at Camden. Premier Cox and Dr. Ricardo Echegaray, Head of the Argentinean Federal Administration of Public Revenues sign TIEA: Premier Paula Cox, Acting Cabinet Secretary Judith Hall-Bean and Dr. Ricardo Echegaray (centre) seen [...]

Next Page »