Hashtag: #TaxAgreements
Bermuda Signs TIEA With Singapore & Brazil
[Updated] Today the Ministry of Finance announced the signing of a Tax Information Exchange Agreement [TIEA] with the Republic of Singapore. The signing took place at the Singapore High Commission in London. This TIEA solidifies Bermuda’s relationship within the Asian South Eastern Pacific region and allows for greater diversification of Bermuda’s... Read more of this article
PLP: ‘Suggestion Would Put Economy In Danger’
[Updated] The PLP said that a suggestion by Shadow Finance Minister Bob Richards would “put our economy in danger” and could end up with us being “deemed a tax haven” – while Mr Richards said the PLP deliberately distorted his words. “The PLP operatives will do whatever it takes to tear down anyone who questions... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
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... Read more of this article
