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Bermuda Tax News 2009

Bermuda Tax news 2009

October 2009

Bermuda France TIEA

Bermuda and France signed on October 8, 2009 a bilateral Tax Information Exchange Agreement, TIEA. The agreement relating to exchange of information on criminal and tax matters is the 16th TIEA agreement signed so far by Bermuda.
The new TIEA follows OECD demand to jurisdictions to have 12 TIEAs to ensure listing on the "white list" of the OECD.
Bermuda has already joined the "white list" on June 2009, after signing its 12th TIEA with the Netherlands.
Bermuda's new TIEAs secure its position as a premier international financial center.

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