“Expectation That Bermuda Will Be Removed”

“It is the Ministry’s expectation that Bermuda will be removed from Annex II in October 2022,” the Government said today. A Government spokesperson said, “In November 2021, the OECD’s Forum for Harmful Tax Practices [FHTP] issued Bermuda with an urgent recommendation to initiate certain exchanges of information relating to economic substance. These exchanges were completed […]

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