Bermuda Current Affairs, GK & News

Ana- First named Atlantic storm of 2021

May 24, 2021

According to National Hurricane Centre, Miami, subtropical storm Ana is drifting northeast across the Atlantic Ocean after causing rain to Bermuda. Thus, first named Atlantic storm will cause no damage to land and will dissipate soon. Highlights Ana storm was located about 435 kilometres northeast of Bermuda. It had a maximum sustained wind of 75 ..

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EU Adds 10 Countries to Tax Blacklist

March 13, 2019

The European Union has expanded its tax haven blacklist by including 10 countries. The list now has 15 countries. The list was first drawn up by EU in 2017 in the wake of several scandals, including the Panama Papers and LuxLeaks, that pushed the EU into doing more to fight tax evasion by multinationals and ..

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OECD introduces ‘single global standard’ for automatic exchange of financial info

July 22, 2014

Taking a significant step towards combating the black money menace, the Paris-based Organisation for Economic Co-operation and Development (OECD) unveiled ‘single global standard’ for automatic exchange of financial account information between jurisdictions. To enable automatic exchange of financial account information pertaining to tax issues, the new standard makes it mandatory for the financial institutions, including ..

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