Bermuda signs TIEA with the Netherlands
June 8th, 2009
The British territory of Bermuda signed a tax-information exchange agreement with the Netherlands today. This is Bermuda's 12th such agreement, thus fullfilling the OECD's requirement that states sign 12 information exchange agreements. According to Dow Jones:
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The Bermudan government said Monday that it has signed a tax information-exchange agreement with the Netherlands which allows it to meet international standards on tax-haven transparency...
The Organisation for Economic Cooperation and Development has said that tax havens must sign 12 such agreements with other nations to demonstrate they are committed to operating in a transparent manner and...