Log In

Reset Password
BERMUDA | RSS PODCAST

Richards appears on Sky

Finance Minister Bob Richards got some global exposure yesterday when he was interviewed on Sky News.

Mr Richards appeared on the channel’s flagship business programme Jeff Randall Live to discuss Bermuda’s decision to negotiate and sign a FATCA Intergovernmental Agreement (IGA) Model 2 with the US, the UK, and the G5 European Union countries once the G5 European Union Multilateral FATCA is established.

This agreement will essentially result in financial institutions in Bermuda automatically sharing the details of both British taxpayers’ investments located in Bermuda and also the details of persons who are subject to tax in the G5 EU countries under the proposed EU Multilateral FATCA.

The information would come directly from Bermuda financial institutions to the tax authorities in those countries.

The Minister spoke about the benefits of this decision for Bermuda, and what it might mean for various financial institutions.

Sky News reaches 103 million people across 115 countries.

The link to the interview is:

http://news.sky.com/story/1085917/tax-havens-open-doors-to-hmrc

Finance Minister Bob Richards

You must be Registered or to post comment or to vote.

Published May 03, 2013 at 3:38 pm (Updated May 03, 2013 at 3:38 pm)

Richards appears on Sky

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon