Minister Expects Island To Be Removed From List
“I have every expectation that Bermuda will be removed from the list of non-cooperative jurisdictions for tax purposes at the earliest opportunity,” Minister of Finance Curtis Dickinson said.
This comes as Minister Dickinson has completed his European visit after meetings with Ms. Lyudmila Petkova, Chair of the Code of Conduct Group on Business Taxation, as well as with Finance Ministries of Germany and France.
“The meetings follow a productive and encouraging exchange between Premier David Burt and Pierre Moscovici, European Union Commissioner Economic and Financial Affairs, Taxation and Customs on Thursday, March 28th,” the Government said.
“These meetings demonstrated the level of cooperation and the economic links between the European Union and Bermuda and reaffirmed that Bermuda should be removed from the EU list of non-cooperative jurisdictions for tax purposes at the earliest opportunity.
“The Chair of the COCG indicated that she expected the April COCG meeting to make a positive recommendation to the next Economic and Financial Affairs Council.”
Minister Dickinson stated: “This round of meetings strengthens Bermuda’s close and productive relationship with the European Union. I have every expectation that Bermuda will be removed from the list of non-cooperative jurisdictions for tax purposes at the earliest opportunity and we look forward to continued engaging with the Code of Conduct Group in relation to Bermuda’s framework for collective investment funds.”
“I want to thank once more all the stakeholders from industry for their unity and close cooperation during this EU process and encourage them to continue their valuable collaboration as we are approaching Bermuda’s removal from the EU list.”
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So no date?
BDA will be on the list until the OBA is returned – can’t believe these people don’t know that the enemy is within.
So says the guy who got us on the blacklist in the beginning ! Woe is me/us !
He needs to start telling us what this is costing Bermuda. I can say with certainty that business is being lost which translates to money which government will need to find somewhere else so watch out Bermudian tax payers. The loss of revenue is a killer but there is a loss of confidence that will be harder to regain. I guess OJ and others pretend this does not exist or have no idea what it means to them.
“at the earliest opportunity”
whenever that is , it will be the earliest opportunity ……..
Ahhh, so the Minister “expects” us to be removed from the blacklist “at the earliest opportunity”. How does that compare with the activation of the bus schedule which was close, then on the horizon, then very very close & so on before it actually happened?
This whole thing would have not happened had somebody done their job & proof read documents properly. That is what they get paid the big bucks for. Does this person still have a job in the CS. Bet they do. At worst they got a transfer with no accountability for what they did. In the private sector they would have been long shown the door.
How many millions has this cost Bermuda? Will there be an investigation with consequences paid? Highly unlikely.
Wait, you still think this was an accidental “typo?” NOT AT ALL.
I really wish they would come clean and explain that they were trying to sneak something by the EU but they got busted. Stupid to even try doing something like that while already being on their s*!t list.
The damage here has been done. This is not fixable. Even if/when we get off the list, this will stick with us like a tattoo.
Thank you, Curtis.
Whatever was the difficulty, that is will be resolved.
Well done!!
P.L.P. all the way,all the way the P.L.P.
TRANSPARENCY is great.
OBA was a MONSTER…too divisive, they were!!
i guess the same way there arrogance EXPECTED us not to be blacklisted!
Those that let us get on the black list should be fired.
I can only imagine if this had happened under the O.B.A the hate show would have gone on and on to fire those that were in involved..
Boy, there have been strikes, sit outs, marches and the like if this was under another party’s watch. AMAZING
This is not a major win or accomplishment for the GVT. BERMUDA should have never been included on that list in the first place.
This is damage control.
Fingers crossed this happens in May or sooner.