Bank of
Bermuda: No
Major Changes
Envisaged
From OECD
Deal
tax 2000-07-14
The Bank of Bermuda has said that it forsees no
major changes to its business practices in the
wake of Bermuda's commitment to the OECD to
conform to its requirements, and thereby avoid
being 'named and shamed' by the OECD on its list
of harmful tax havens. The bank has issued a
statement following last week's speech by Finance
Minister Eugene Cox which gave some indications of
the ways in which Bermuda plans to co-operate with
the Paris-based organisation.
