By ordering Apple to pay $14.5 billion (13 billion euros) in back taxes to Ireland, the European Union has created a somewhat farcical situation. Ireland doesn’t want the money, which amounts to more than four months’ tax revenue for the small nation...
There is an increasing sense of exasperation evident among the captains of Bermuda’s offshore industry.
The same irritation is also being expressed by employees of the sector’s local satellite businesses as well as by a growing number of professiona...
DATE: Aug 26, 2016 | CATEGORY: Editorials | AUTHOR: RG: In our Opinion
This is the evolution of money market mutual funds, part two.
A little over two years ago, the US Securities and Exchange Commission adopted significant amendments to the rules that govern money market mutual funds under the US Investment Company Ac...
Discussions of a possible British exit from the European Union often centre on how the move would affect Britain itself.
It’s only natural, since British voters are the ones who will make the decision, and they care mainly about their own country.
T...
Europe is gearing up for a summer of discontent. There’s the British referendum on European Union membership, a simmering refugee crisis and an increasingly desperate European Central Bank.
Taken together, this list gives reason enough to be fearful...
Shadow education minister Lovitta Foggo believes Bermuda’s education system should take precedence over a new airport or the America’s Cup in light of the damning school reorganisation report.
While Ms Foggo said she could not place the blame for the...
Ours is not a time of robust self-confidence and national pride.
The prevailing mood is one of muted pessimism and concern; fatalism and resignation have largely replaced faith in ourselves and our country.
For decades the buoyant Bermudian self-imag...
DATE: Aug 12, 2015 | CATEGORY: Editorials | AUTHOR: RG: In our Opinion
Government will save an estimated $25 million this year by freezing most vacant Government jobs, Finance Minister Bob Richards yesterday told a post-Budget Chamber of Commerce meeting.
And he said that Government planned to introduce measures to make...
DATE: Feb 24, 2015 | CATEGORY: Other | AUTHOR: Raymond Hainey, Assistant News Editor
In recent months, two things have become increasingly clear about the One Bermuda Alliance: they have run out of ideas to create quality jobs for Bermudians and diversify our economy, and they are now in permanent election campaign mode.
Twenty-five ...
DATE: Feb 02, 2015 | CATEGORY: Other | AUTHOR: David Burt, Premier of Bermuda
LONDON (Bloomberg) — The UK became the latest country to take aim at multinational tax avoidance, announcing a new levy on companies that “artificially” shift their profits into havens, a move prompted by growing international outrage at manoeuvres u...
