(Bermuda Premier Craig Cannonier) And so it continues. Expressing its customary surprise and outrage at the territory’s inclusion in France’s latest tax haven blacklist, Bermuda has argued the following lines of defense: It has an existing tax information exchange agreement (TIEA) exchange with France, one of 39 bilateral transparency agreements Bermuda has, including with 90 percent of the… More Bermuda, British Virgin Islands and Jersey Blacklisted Again by France as Tax Havens.
Apparently, absolutely nothing according to Google’s Chairman Eric Schmidt –himself worth around £4.6billion. Unlike others, not only is he and his company unapologetic about the lucrative structure that saves them billions from their ‘tax’ shelter in Bermuda; he claims to suffer no ‘confusion’ about what capitalism is and the many government sanctioned incentives that allow… More So What’s Wrong with Capitalism Anyway?
President Obama used ‘corporate inversions’ as the poster child for his Presidential campaign promising to outlaw the practice and in the process gave a number of legitimate Caribbean Offshore Financial Centres (OFCs) a lot of unnecessary grief. Branded as immoral and unpatriotic, his proposals to prevent companies who purport to move their corporate headquarters offshore from claiming… More US Corporate Inversions: Alive and Well in Ireland.
Insisting that her recent meetings with European Union (EU) technocrats and policy-makers were to protect her country’s economic mainstay, Bermuda’s Premier declared that it was time to give her country a ‘political face’ as she engaged key regulators on matters related to the Solvency II Directive. In particular she sought to explain the OFC’s efforts… More The Politics of Regulation.
At the May 10, 2012 signing of the Bermuda-Qatar tax treaty Bermuda’s Premier observed that “investors in countries that to date do not have a DTA with Qatar can domicile in Bermuda and benefit from the Qatar-Bermuda double tax agreement.” http://www.tax-news.com/news/Qatar_DTA_Will_Boost_Investment_In_Bermuda_Says_Cox____55423.html Aside from the fact that Bermuda has none of the usual prerequisites that would… More Bermuda Premier Promotes “Treaty-Shopping”.