Hashtag: #TaxAgreements

PLP: ‘Suggestion Would Put Economy In Danger’

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

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 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 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

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

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

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’

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

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

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

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

Bermuda Signs TIEA With Czech Republic

Bermuda Signs TIEA With Czech Republic

Yesterday [Aug.15] Bermuda signed a Tax Information Exchange Agreement [TIEA] with the Czech Republic, which provides for a full exchange of information on civil and criminal tax matters between the two countries. Pictured below on the steps of Camden are Premier Paula Cox and Ladislav Minčič, 1st Deputy Minister of the Czech Republic.The Premier’s... Read more of this article

Bermuda Signs TIEA With Indonesia

Bermuda Signs TIEA With Indonesia

Earlier today [June 22] Premier Cox signed a Tax Information Exchange Agreement [TIEA] with the the Republic of Indonesia, marking Bermuda’s 25th TIEA with the Republic of Indonesia. Pictured below: Premier Paula Cox and the Ambassador of the Republic of Indonesia for the UK and Northern Ireland, His Excellency Yuri Octavian Thamrin sign the TIEA:Premier... Read more of this article