Market leading insight for tax experts
View online issue

Latvia removes Bermuda from blacklist

printer Mail

Latvia has written to the EC to remove Bermuda as one of its ‘blacklisted’ countries. This follows reports of Poland doing the same last week, which means the number of countries targeting Bermuda is now down from eleven to nine. Minister Richards said Bermuda’s name should be removed from the all European blacklist immediately. He said: ‘There was some indication that the list might be revised by the end of the year. But we see no reason why an administrative decision in our favour couldn’t be made immediately. We have consistently done the right thing. I am grateful that Latvia and Poland have acted quickly to correct the mistake, and we hope other countries will follow suit.’