Hashtag: #Europe
Premier David Burt Meets With Pierre Moscovici
Premier David Burt met with Pierre Moscovici, the European Union Commissioner of Economic and Financial Affairs, Taxation and Customs, and the Government said they “look forward to continued dialogue with the Commission,” adding that “Bermuda is confident that we will be removed from the list of non-cooperative jurisdictions for tax... Read more of this article
Premier, Minister To Attend Meetings In Europe
Premier David Burt and Minister of Finance Curtis Dickinson will lead a Bermuda team to Europe for a round of meetings aimed at laying the groundwork for Bermuda’s removal from the EU’s list of non-cooperative tax jurisdictions. The Premier said, “Through our representatives in London and Brussels we have secured a number of important meetings... Read more of this article
Minister: We Will Work To Be Removed From List
Bermuda is in close consultation with the UK Government to assist with the delisting process and Bermuda officials will visit key EU Ministers or their officials in Brussels, Paris, and Berlin to reinforce Bermuda’s position, Minister of Finance Curtis Dickinson. This follows after the EU announced that Bermuda was one of ten jurisdictions they placed... Read more of this article
Premier: Inclusion On EU Tax List Is Temporary
“Bermuda’s inclusion on the EU’s list of non-cooperative tax jurisdictions is only temporary,” Premier David Burt said in Parliament today [March 13], adding that in eight weeks Bermuda will have the opportunity to be removed from the list, and he expects that “this will be done as our existing laws meet the standard required by... Read more of this article
EU Announce Bermuda Added To ‘Tax Blacklist’
[Updating] Summary: EU announced that Bermuda has been added to the list of ‘non-cooperative jurisdictions for tax purposes’ EU also added Aruba, Barbados, Belize, Dominica, Fiji, Marshall Islands, Oman, United Arab Emirates, Vanuatu, and there are now 15 jurisdictions on the list EU stated, “Bermuda facilitates offshore structures and arrangements... Read more of this article
Report: EU To Add Bermuda To ‘Tax Blacklist’
[Updated] The European Union is reportedly set to add Bermuda to their blacklist on Tuesday, according to a report today [March 11] from Reuters, while Bloomberg is reporting that “the United Arab Emirates, Bermuda, and several other jurisdictions are holding last-minute negotiations with the European Union to avoid being added to the bloc’s... Read more of this article
Report: EU Considering Blacklisting Bermuda
The European Union have reportedly added 10 jurisdictions to a draft tax haven blacklist, including Bermuda, according to a report from the Reuters news agency. Background In 2017, the Council of the European Union named 17 jurisdictions as “non-cooperative tax jurisdictions”; with American Samoa, Bahrain, Barbados, Grenada, Guam, South Korea,... Read more of this article
Schrum Appointed Denmark Honorary Consul
Her Majesty Queen Margrethe II of Denmark has appointed Michael Schrum Honorary Consul for the Kingdom of Denmark in Bermuda, effective 7 November 2018. In this capacity, Mr. Schrum will represent Danish interests and assist Danish citizens in Bermuda, liaising with the Embassies of Denmark in Washington and London as required. Mr. Schrum replaces Bent... Read more of this article
FCO: Preparing OTs For Possible No Deal Brexit
The FCO has been working “to seek to ensure that the UK Government and the Overseas Territories themselves are as prepared as possible for the event that the UK leaves the EU without a deal and that, wherever possible, impacts on Overseas Territories are minimised.” This statement was made by the UK Foreign and Commonwealth Office earlier... Read more of this article
MP Dunkley: Questions About Brussels Office
[Updated] “Government has seen fit to cut the ribbon and open the office without appropriate details that are important for the public to know,” Michael Dunkley said following the opening of the overseas office in Brussels. His comments follow after Premier David Burt officially opened Bermuda’s new Overseas Office in Brussels, and announced... Read more of this article
Renee Webb To Serve In New Brussels Office
[Updated] Premier David Burt officially opened Bermuda’s new Overseas Office in Brussels, and announced that former Cabinet Minister Renee Webb will serve as the Brussels representative. The Premier welcomed the guests and said: “We are excited to be here in the heart of the European Union to deepen the relationships between the Government of Bermuda,... Read more of this article
UK Parliament Votes Against May’s Brexit Deal
Prime Minister Theresa May’s Brexit deal has been rejected by 230 votes, which is reportedly the largest defeat for a sitting UK Government in modern history. “MPs voted by 432 votes to 202 to reject the deal, which sets out the terms of Britain’s exit from the EU on 29 March,” the BBC reported. “Labour leader Jeremy Corbyn... Read more of this article
Bermuda On Dutch ‘Low-Tax Jurisdictions’ List
[Updated] Bermuda is one of 21 nations and territories included on a list of low-tax jurisdictions released today by the Netherlands Government in what they said was an aim to “implement new measures to combat tax avoidance,” with the European nation listing jurisdictions that “either have no corporation tax or have a corporation tax... Read more of this article
Bloomberg: EU To Expand Tax Haven Blacklist
“The European Union plans to update its year-old blacklist of tax havens to include new criteria and an expanded geographic reach—possibly all the way to the U.S,” according to a story in the Bloomberg Tax. The story said, “The bloc has previously threatened that the U.S. could wind up on the blacklist, along with the likes of Guam and Trinidad... Read more of this article
Premier Updates On Meetings In UK & Europe
Speaking in the House of Assembly today [Dec 7], Premier David Burt provided an update on his meetings in the UK and Europe. The Premier said that the “development of business opportunities for Bermuda in London was the focus of the first 3 days of my trip,” and he also had the “opportunity to host two networking receptions for Bermudians... Read more of this article
Premier Burt Updates On Discussions With EU
Premier David Burt provided an update on the negotiations with the European Union over their concerns about ‘economic substance,’ saying that a “draft Bill and related regulations have been discussed extensively with the EU” and will be tabled in the House during this sitting. Background Last year the Council of the European... Read more of this article
