Thursday, June 20, 2013

Bermuda has not signed onto Britain's FACTA-like deal - Premier Cannonier

Bermuda Premier Craig Cannonier. PHOTO/Royal Gazette

Bermuda says it has not signed a tax avoidance treaty with Britain insisting that it would do nothing to jeopardize the island nation’s financial model or agreements signed in the past.

Premier Craig Cannonier told a news conference that that Bermuda had declined to sign the tax treaty during talks in London with British Prime Minister David Cameron.

Cameron last week invited the leaders of Bermuda and 5 other territories

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