 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Brazil, Bermuda Agree TIEA |
by Amanda Banks, Tax-News.com, London
Wednesday, June 16, 2010
Bermuda’s Minister of Finance, Paula Cox has announced that the
territory has completed negotiations for a bilateral tax information exchange
treaty (TIEA) with the government of Brazil. Bermuda anticipates that the agreement
will be signed later this year after both countries’ internal approval processes
have been completed.
Commenting on the agreement, Minister Cox said that the proposed treaty with Brazil
marks a major advance towards Bermuda’s strategic objective which was to conclude
negotiation of tax information exchange agreements with the largest
economies in Latin America. “As a BRIC country, a member of the G20 and
a current focus of opportunity for Bermuda’s international reinsurers,
Brazil is, for us, a key strategic relationship within South America,”
she said.
“Bermuda in its capacity as a Vice Chair of the Steering Group of the
OECD Global Forum on Transparency and Exchange of Information for Tax Purposes
works very closely with Brazil, and we very much look forward to welcoming delegates
from Brazil to Bermuda next year when we host the 2011 Global Forum. Moreover,
currently, there are 126 entities in Bermuda with Brazilian interests, but we
expect this number to grow exponentially as our economic and political ties
with Brazil are strengthened and deepened,” Cox said.
Brad Kading, President and Executive Director of the Association of Bermuda
Insurers and Reinsurers (ABIR) said Bermuda’s achievement in opening up
the Brazilian reinsurance market was one of the greatest accomplishments of free
trade advocates in the last several decades.
“Since the reinsurance monopoly was abolished, more than seven Bermuda
reinsurers have established Brazilian operations. In turn, the previous Brazilian
reinsurance monopoly is itself seeking to expand and diversify its business
outside of Brazil. The TIEA with Brazil demonstrates good cooperation between
the two jurisdictions,” Kading said.
Bermuda currently has 21 signed agreements with provisions for the exchange
of information for tax purposes. Bermuda has signed TIEAs with the United States,
Australia, United Kingdom, New Zealand, the Nordic countries (Sweden, Norway,
Finland, Denmark, Iceland, Greenland, Faroe Islands), Netherlands, Germany,
Ireland, Netherlands Antilles, France, Mexico, Aruba, Japan, and Portugal. Further,
Bermuda has a double taxation agreement with Bahrain.
The tax information exchange agreement provides for the exchange of tax information
to assist both countries’ tax authorities in civil tax matters and in
tax crime investigations, on certain conditions, in line with the OECD standard
for transparency and tax information exchange.
.
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
