Dickinson: we will not be on EU list
Curtis Dickinson, the Minister of Finance, joined business leaders in a panel discussion looking ahead to next year.
The 2018 year-end Briefing: The Outlook for Bermuda in 2019, was hosted by the Institute of Directors Bermuda and professional service company KPMG on Tuesday.
In an hour-long talk, the panel addressed critical themes that will be key over the next 12 months and beyond, including the new economic substance regulations, immigration, taxes, infrastructure and regulatory change.
During the discussion, Mr Dickinson said: “Bermuda is well on its way to enhancing provisions relating to economic substance for registered entities with the Economic Substance Bill, which will be read on Friday coming.
“The Government of Bermuda remains fully committed to ensuring that Bermuda will not be on any EU list of non-compliant jurisdictions and to that end, we will do all that is necessary.”
Mike Morrison, chief executive officer, KPMG Bermuda, moderated the discussion at the Hamilton Princess and Beach Club.
The rest of the panel was made up of Jeremy Cox, CEO of the Bermuda Monetary Authority, Nathan Kowalski, chief financial officer at Anchor Investment Management Ltd, and Will McCallum, head of tax at KPMG Bermuda.