It’s been announced over night that, as expected, the so called G5 tax agreement – between the UK, France, Germany, Italy and Spain – is being extended to the British Overseas Territories including Cayman, Bermuda  the BVI, Gibraltar, Anguilla and the Turks & Caicos – tax havens all. The Isle of Man has already agreed. Jersey and Guernsey have already
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The Bermuda Royal Gazette reports: Bermuda is the “jewel in the crown” of the British Overseas Territories and is not a tax haven, according to the UK Minister with responsibility for the Island. Henry Bellingham, the Parliamentary Undersecretary of State at the Foreign and Commonwealth Office, told The Royal Gazettethat Bermuda’s economic success was the
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The Bermuda press has picked up the Google tax story – confirming in the process that Google has five companies there. But they also refer to the Sunday Times story on this –which I had nothing to do with, and which did include errors. I’ll distance myself from those.

The Bermuda Royal Gazette (where else could have such a paper?) reports: Offshore financial centres (OFCs) are facing a "Doomsday scenario" as the world’s major economic powers try to put them out of business. That is the view of consultant Rodney Gallagher, who was a leading adviser to the UK Government on Caribbean financial affairs
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The US publication The Hill has reported: The White House on Monday angered the Dutch Embassy by lumping the Netherlands in with a group of "low-tax countries" some corporations use to avoid paying U.S. taxes. Ambassador Renee Jones-Bos reached out to both the White House and the Treasury Department to express her displeasure with a
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Dow Jones has reported: The Organization for Economic Cooperation and Development said Friday Bermuda has signed new tax information exchange agreements with eight national tax jurisdictions. The move comes as pressure mounts on tax havens to increase their transparency and clamp down on tax evasion at a time when the finances of many countries around
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I had a bit of a Sunday Times weekend. I was in twice, once for the new TJN report “Where on earth are you?” , the second a comment on a story about Paul (Lord) Myners, appointed a minister last autumn to tidy up the City. The Sunday Times alleges that: THE government minister in
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The Guardian has reported: The government of Antigua has begun criminal inquiries into large payments discovered in Isle of Man bank accounts controlled by Antiguan politicians. Disclosure of these Caribbean corruption inquiries comes at an unwelcome time for the Isle of Man, described by the chancellor, Alastair Darling, as "a tax haven sitting in the
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Mid-Ocean News in Bermuda has published the following, rather long article, quoting me: ONE of the UK’s foremost tax experts has sounded the alarm bells for Bermuda, predicting the island will be "one of the big losers" as the US and Europe join forces to shut down tax havens. The head of advisory body Tax
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