Bermuda's Premier David Burt on Tuesday called the European Union's de...
HAMILTON - Bermuda’s Premier David Burt on Tuesday called the European Union’s decision to put the British overseas territory on a list of global tax havens “a setback” but said he was confident it would soon be reversed.
“Bermuda is compliant and we are confident that within a matter of weeks that will be accepted by EU member states and Bermuda will be removed from this list,” he added. Blacklisted jurisdictions face reputational damage and stricter controls on their financial transactions with the EU, although no EU sanctions have yet been agreed by European states.
Burt rejected that assertion, saying the impression arose due to a “technical omission which was rectified in good time.” Burt denied the deadline was missed and said its legislation was perceived by businesses as more stringent than other jurisdictions.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU adds UAE, Bermuda to expanded tax haven blacklistEuropean Union governments adopted a broadened blacklist of tax havens on Tuesda...
Read more »
EU adds 10 countries to tax blacklist, including UAEThe European Union expanded its tax haven blacklist by 10 countries, adding the United Arab Emirates and Bermuda despite the objections of powerful member states.
Read more »
Britain must leave EU by May 23 or hold own EU voteBritain must leave the European Union by the time EU voters elect a new European...
Read more »
UK official says EU playing games over BrexitWith tensions escalating, Britain's House of Commons leader said Saturday that European Union officials need to take seriously British proposals for ending the Brexit impasse before a crucial vote in Parliament. Andrea Leadsom said EU leaders are wrongly accusing Britain of failing to put...
Read more »
EU food agency must release glyphosate studies: courtThe European Food Safety Agency (EFSA) must disclose details of studies on the t...
Read more »
EU says no more Brexit talks with UK, risk of no-deal increasedThe European Union will not negotiate Brexit again, it said on Tuesday, after Br...
Read more »
Brexit crunch looms for May as EU talks stallBritish Prime Minister Theresa May's Brexit strategy was in meltdown on Mon...
Read more »
EU-UK Brexit talks failed to reach deal on Tuesday: sourcesTalks between European Union and British Brexit negotiators ended after more tha...
Read more »
Britain, EU locked in talks as Brexit vote nearsIntensive talks between the European Union and Britain are underway to help get ...
Read more »
EU, in Major Shift, Moves to Confront China’s Growing AssertivenessThe EU moved to recalibrate ties with China, promising to address growing threats to trade, economic growth and security posed by Beijing’s global assertiveness.
Read more »