A World Apart: Separating Fact from Fiction post-Panama Papers

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panama-papers bermuda

Ross Webber, CEO, BDA
Legal Week Offshore Investment Forum
1:15pm, Thursday, April 28, 2016
Sofitel St James, London, UK

A World Apart: Separating Fact from Fiction post-Panama Papers

“I can tell you that Bermuda has seized on the Panama Papers as an opportunity—an
opportunity to differentiate ourselves from those jurisdictions that can’t claim our
longstanding, blue-chip record of transparency and compliance. An opportunity to
explain the basic economics of globalisation. An opportunity to clarify that our
regulatory and business ecosystem is pragmatic and appropriate. An opportunity to
remind the powers-that-be that just because we have palm trees, sonorous tree-frogs
and a rather pleasant climate, not to mention our very own tax system, we are not
degenerates engaged in the business of illicit, illegal, or even immoral, wrongdoings.
Now, for obvious reasons, based on my background, I am using Bermuda as my
example, but there is no reason why several of my jurisdictional cousins can’t apply the
same approach.”

 

Click here to read the full speech!

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