Bermuda Ascends to OECD White List

On 8 June 2009, the Bermuda Minister of Finance, the Hon. Paula A. Cox announced that Bermuda and the Netherlands had signed a Tax Information Exchange Agreement (TIEA). The signing of this TIEA means that Bermuda has signed twelve TIEA´s. Bermuda is now designated as an OECD "White List" jurisdiction which has "substantially implemented the internationally agreed tax standard."