Hashtag: #EUSubstanceIssue

Minister: Acting To Be Removed From EU List

Minister: Acting To Be Removed From EU List

“Bermuda has acted promptly and effectively in order to be formally removed from the EU list,” Minister of Finance Curtis Dickinson said, adding that they believe that the EU will remove Bermuda from the tax blacklist on May 17th. Speaking in the House of Assembly today [May 10], the Minister said, “On March 28, Premier David Burt... Read more of this article

Minister Expects Island To Be Removed From List

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... Read more of this article

‘UK Encouraged Bermuda To Engage With EU’

‘UK Encouraged Bermuda To Engage With EU’

“The UK has encouraged Bermuda to engage with the EU Commission throughout the process in order to deliver the changes they committed to make in full,” Financial Secretary to the Treasury and Paymaster General Mel Stride said. This follows after the EU announced that Bermuda has been added to the list of ‘non-cooperative jurisdictions... Read more of this article

Premier David Burt Meets With Pierre Moscovici

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, 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

OBA ‘Disappointed’ Bermuda On EU Tax List

OBA ‘Disappointed’ Bermuda On EU Tax List

“The One Bermuda Alliance is disappointed at Bermuda’s inclusion in the EU list of non-cooperative tax jurisdictions,” OBA Leader Craig Cannonier said. Mr. Cannonier said, “Bermuda has a stellar track record of compliance, including passing the stringent Solvency II requirements. Bermuda has also been extremely co-operative with the EU in this... Read more of this article

Minister: We Will Work To Be Removed From List

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

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

Groups Committed To Working With Government

Groups Committed To Working With Government

Bermuda’s industry groups have pledged support for the “market’s long-respected record on compliance and tax-transparency and are backing the Bermuda government’s efforts to expedite the island’s removal from a European Union list of ‘non-cooperative’ jurisdictions.” The EU has been requesting that nations and jurisdictions... Read more of this article

Video: Press Conference On EU Tax List

Video: Press Conference On EU Tax List

[Updated] Minister of Finance Curtis Dickinson will be holding a press conference at around 2.00pm this afternoon [March 12] to provide an update on the European Union’s list of what they deem to be ‘non-cooperative jurisdictions for tax purposes’, which now includes Bermuda. We will be live streaming the press conference and will update... Read more of this article

EU Announce Bermuda Added To ‘Tax Blacklist’

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’

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

Column: New Reality Of Economic Substance

Column: New Reality Of Economic Substance

[Opinion column written by OBA MP Scott Pearman] Denial. Anger. Bargaining. Depression. Acceptance. These emotions, doctors tell us, are the five stages of grief. And the people working in Bermuda’s international business community – ‘Bermuda Inc’ – have experienced most of these emotions since the gunboat of EU Substance appeared on our horizon,... Read more of this article