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On 8 June 2009 the Organisation for Economic Cooperation and Development (OECD) announced that Bermuda had moved onto its “white list” of countries ranked by tax transparency standards. Bermuda was the first jurisdiction to move up from the OECD’s “grey list” putting it among those top tier countries that have “substantially implemented” internationally agreed tax standards, as monitored by the OECD. Bermuda’s ascendancy to the white list confirms and enhances its position as a “blue chip” international business and trust jurisdiction and its long standing position of transparency and cooperation which has, through the years, differentiated Bermuda from other jurisdictions.
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Bermuda’s TIEAs and The OECD White List
This article was published by STEP Journal.