Bermuda concluded its 18th tax information exchange agreement (TIEA) with the signing of a bilateral agreement with Aruba yesterday.

The agreement provides for a full exchange of information on criminal and civil tax matters between the two countries.

Finance Minister Paula Cox said: "It is a particular pleasure for me to sign this document with Aruba, an overseas territories of the Kingdom of Netherlands, following our signing with the Netherlands on June 8th, which itself marked our 12th signed TIEA.

"Bermuda now having concluded a TIEA with Aruba today, and with Netherlands Antilles on September 28, draws Bermuda that much closer to the Netherlands and its overseas territories."

Bermuda presently has agreements with the