Last week the French government placed Bermuda, BVI and Jersey on a tax haven blacklist.
The Bermuda Royal Gazette reports that the government of Bermuda is surprised at this “particularly as Bermuda has an existing exchange of information agreement (TIEA) with France”.
The first reader comment on the article is: “Can the TIEA be cancelled if they refuse to take Bermuda off the list?”
Bonus Bermuda links:
Award-winning producer to speak at Financial Crime and Compliance seminar. This is the apparently the first financial crime seminar to be held in Bermuda since 2009.