The Cayman Islands Government(CIG) said the G7 announcement aligns its overall position that “taxes should be paid where they are rightfully owed.”
The Gibraltar Government has welcomed the announcement by the G7 Minister of Finance on a global corporate tax rate, saying it provides clarity.
The government of the Isle of Man has said it needs more detail before it can assess the impact of the proposed G7 15 per cent tax global corporate rate on its economy.
Bermuda has reacted to the decision of G7 countries working on implementing a global corporate tax rate of 15 per cent saying “it is critical that any agreed framework must respect a country’s right to sovereignty in relation to its tax system.”
The flags of three British Overseas Territories were flown at the main entrance to the British Parliament last weekend to celebrate their national days.
The Turks and Caicos Islands government reports that work is progressing on reinstating a pension and gratuities scheme for public servants.
Starting this weekend Bermuda begins what Health Minister Kim Wilson calls “slowly and cautiously opening”.
Leaders and other government representatives from the Overseas Territories along with UK officials have been planning the agenda for this year’s Joint Ministerial Meeting (JMC).
Following an intensive clampdown due to a recent cluster of COVID-19 cases, Anguilla has announced that it is getting back on track with its re-opening schedule.
Workers in Bermuda will now be able to further dip into their pension pot to offset personal financial woes caused by the pandemic.