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Bermuda affirms global standards on tax and transparency

Sunday, November 5, 2017

The Government of Bermuda notes further reports today of a 2016 multi-site cyber-attack on a globally headquartered law firm including its offices in Hamilton, Bermuda.  We note much of the narrative concerns foreign nationals in other jurisdictions.

The Government takes these matters extremely seriously and is reviewing developments with all parties concerned, including the relevant international authorities.  Bermuda consistently ranks as a global leader in tax and transparency, with tax treaties with over 100 governments.

The Premier of Bermuda, The Hon. David Burt JP, MP, said: “We maintain high vigilance on any and all criminal activities, including cyber, as well as requiring leading standards on tax and transparency of all who do business here.  We will not tolerate non-compliance in any of these areas, and are reviewing this incident and related matters, and will take any further action as required.”