Bermuda has signed 8 new tax information exchange agreements, with seven Nordic economies – Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden, and with New Zealand, bringing to 11 the number of such agreements it has entered into.
The costs of the recession and ageing are a challenge to fiscal sustainability. The estimated fiscal sustainability gap has increased from 3 to 8% of GDP due to a sizeable permanent stimulus and lower potential output. A consolidation plan should be articulated now...
The Cayman Islands has signed bilateral agreements with seven Nordic economies - Denmark, the Faroe Islands, Finland, Greenland, Iceland, Norway and Sweden - on exchange of information for tax purposes.
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Bermuda signs tax information exchange agreement with Finland
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Cayman Islands signs tax information exchange agreement with Finland