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The right to know

harmful tax jurisdictions compiled by the Organisation of Economic Co-operation and Development.This is the latest good news for Bermuda, which has enjoyed success in its campaign to stay off lists of disreputable offshore financial centres.

harmful tax jurisdictions compiled by the Organisation of Economic Co-operation and Development.

This is the latest good news for Bermuda, which has enjoyed success in its campaign to stay off lists of disreputable offshore financial centres.

The campaign has seen Government and the private sector come together in a long term campaign spanning several organisations and continents.

Finance Minister Eugene Cox deserves much of the credit for steering the campaign, but the contribution of others, including former Financial Secretary Peter Hardy, numerous private sector leaders and former Finance Minister Grant Gibbons, should not be forgotten.

These successes do not mean the campaign to maintain Bermuda's image as a reputable place to do business is over; there are other challenges on the horizon, including the continuing bid to close the so-called Bermuda tax loophole in the US Congress which could do serious damage to Bermuda's insurance sector.

And there are also some unanswered questions. Part of the reason Bermuda was not on the harmful tax jurisdiction list came about because Bermuda agreed not to engage in so-called harmful tax practices.

Just how Bermuda intends to do that remains vague and an annexe detailing exactly how the Island would set its tax policies in the future remains a secret.

Dr. Gibbons is right to call for the annexe to be made public. Other countries have done so, and the business sector and the public have every right to know what commitments Government has made on their behalf.

Bermuda International Business Association chairman Raymond Medeiros told this newspaper yesterday in the context of Bermuda's exchange of information agreement in the US that "managed properly such an agreement does not compromise our business operations''.

The same could be said of all agreements Bermuda makes with other jurisdictions and international organisations.

But until the public knows what those agreements contain, no one can rest easy, and for that reason alone, Mr. Cox and his Government should make the document public.

SCHOOL VANDALS EDT School vandals Vandalism of any kind is reprehensible, but it boggles the mind that anyone could go to the trouble to vandalise a school, which should be treated like a temple of learning and should therefore be untouchable.

The degree of damage done at Prospect Primary School over the weekend also suggests that whomever was responsible was particularly malicious.

This case should be treated by the Police as a serious incident, and if and when the perpetrators are caught and convicted, they should feel the full force of the law.