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Premier to speak about London summit

Premier Craig Cannonier is to report on Bermuda’s attendance at the London tax evasion summit this afternoon.

Mr Cannonier was joined by Finance Minister Bob Richards and technical officers for the meetings with British Primer Minister David Cameron and political leaders of other British colonies.

Mr Cameron invited senior ministers of ten Overseas Territories and Crown Dependencies to meet with him last week ahead of the G8 summit in Northern Ireland which begins today.

The British Prime Minister has been urging the colonies to commit to the Multilateral Convention on Mutual Administrative Assistance on Tax Matters — a global standard on exchange of information for tax purposes.

Mr Cannonier said he viewed the meetings in London as an opportunity to state Bermuda’s case that the Island is not a “tax haven” and is well regulated.

But there has been some confusion in the international media about Bermuda’s attitude towards the Convention.

Mr Cannonier returned to the Island last night and is scheduled to speak to the media this afternoon.

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Published June 18, 2013 at 9:00 am (Updated June 18, 2013 at 12:04 am)

Premier to speak about London summit

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