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Premier welcomes UK PM’s endorsement

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Bermuda has welcomed recognition from British Prime Minister David Cameron that it is not a tax haven.

In a statement together with other premiers and chief ministers of the British Overseas Territories, Premier Craig Cannonier said he welcomed Mr Cameron's statement made in the House of Commons last Monday “that it is unfair to label our Territories as Tax Havens”.

Mr Cameron had highlighted the positive action taken Crown Dependencies and Overseas Territories on international tax matters.

The statement from the group of premiers and ministers said: “Our Territories are well regulated, independent financial services jurisdictions, and play an integral role in facilitating global business. We will continue to lead on meeting international standards of tax and transparency.

“We further wish to reiterate our support for Mr. Cameron's presidency of the G8 and the G8 agenda as we work together on the global fight against the scourge of tax evasion and money laundering as set out in our Action Plans on beneficial ownership.”

The statement was signed by: Hubert Benjamin Hughes, Chief Minister of Anguilla; Craig Cannonier, Premier of Bermuda; Orlando Smith, Premier of the British Virgin Islands; Alden McLaughlin MBE, Premier of the Cayman Islands; Keith Padgett, Chief Executive of the Falkland Islands; Fabian Picardo, Chief Minister of Gibraltar; Reuben Meade, Premier of Montserrat; Rufus Ewing, Premier of the Turks & Caicos Islands.

Premier Craig Cannonier
Britain's Prime Minister David Cameron

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Published September 16, 2013 at 9:00 am (Updated September 15, 2013 at 2:55 pm)

Premier welcomes UK PM’s endorsement

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