Bringing you live news and features since 2006 

OECD adds Bermuda to “white list”

RELATED TOPICS​

Following Bermuda’s signing of its 12th Tax Information Exchange Agreement with the Netherlands, the OECD has updated its progress report to include Bermuda with other jurisdictions tha

Following Bermuda’s signing of its 12th Tax Information Exchange Agreement with the Netherlands, the OECD has updated its progress report to include Bermuda with other jurisdictions that have substantially implemented the internationally agreed tax standard.

Bermuda’s Minister of Finance, Paula A. Cox, says Bermuda has worked assiduously to strengthen worldwide tax cooperation.

‘Bermuda wholeheartedly endorsed the OECD’s objective and is especially pleased to note that the April 2 progress report – or ‘gray list’ – has now been updated and that Bermuda is now included in the revised ‘white list,’ she says. ‘We will now continue to build upon our long-standing position of transparency and cooperation which has, through the years, differentiated Bermuda from other jurisdictions.’

Bermuda has now signed 12 TIEAs with the US, the UK, Australia, New Zealand, Sweden, Finland, Norway, Denmark, the Faroe Islands, Iceland, Greenland, and the Netherlands.

Bermuda has concluded negotiations with Canada, Germany and Mexico and is at an advanced stage of negotiations with Japan. Signing dates are being arranged with Germany, Mexico, and Canada, following the conclusion of their ratification processes.

Cox says the government of Bermuda is closing in on its goal to have TIEAs in place with all G7 countries and with other internationally significant trading and commerce partners.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by