In the July issue of Captive Review it was announced that Bermuda has been upgraded from the Organization for Economic Cooperation and Development’s (OECD) “grey list” for International Tax Standards, to its “white list.”
The change follows a series of tax information exchange agreements (TIEAS). But Bermuda received even more welcome news, as the publication stated:
Bermuda has also been approved as signatory to a new cooperation agreement with the International Association of Insurance Supervisors (IAIS).
Be sure to check Risk Management magazine’s July/August issue (due online later this afternoon) for its 5th annual “Captive Domicile Review,” which highlights 25 of the world’s top captive domiciles.