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Bermuda could benefit from the introduction of economic substance rules for companies registered on the island, but the guessing game is not over yet. Indeed, less than two months after coming into force, the Economic Substance Regulations 2018 have ...

Billions of dollars of Bermudians’ savings have left the island over the past decade and that is at the heart of the island’s economic problems. That is the view of economist Robert Stubbs, who believes that household savings and the profits of local...

Dame Margaret Hodge is a colourful, brilliant and confident Member of Parliament for the London Borough of Islington, the place from where my father emigrated. There has been a recent war of words in Britain’s House of Commons as both she and fellow ...

Under normal conditions I would not write successive opinions on the same subject, but I feel it necessary at this time. Last Wednesday, I threw a “small stone” in an effort to draw attention to the Economic Substance Act 2018, which was recently pas...

Preliminary results of the island’s assessment by the Caribbean Financial Action Task Force, have been discussed by the Financial Policy Council, which is headed by Curtis Dickinson, Minister of Finance. The CFATF assessed the island’s anti-money leg...

Te Government spent more than $135,000 on specialists to help navigate the European Union’s demands for economic substance rules and Brexit-related matters. Legal and advisory firm Steptoe, which has offices in Brussels, London and Washington, was hi...

Bermuda’s insurance and banking industries have little to fear from imminent legislation to address European concerns over “economic substance”. That is the view of Christian Luthi, chairman of international law firm Conyers Dill and Pearman, who is ...

I have been reading the coverage of the Bermuda Business Confidence Index and feel compelled to offer my perspective as a member of the island’s business community. As head of one of world’s largest property-casualty insurance companies with operatio...

Not surprisingly, the island’s extreme income inequality, severe tax regressivity and exorbitant cost of living provide the perfect cocktail for widespread economic deprivation and poverty. Like many jurisdictions around the world, Bermuda has long r...

More information should be shared with taxpayers about financial support being offered to entrepreneurs and small businesses by the Bermuda Economic Development Corporation, the Senate heard yesterday. Crystal Caesar, Junior Minister of Home Affairs,...

The Bermuda Government wants the island’s population to return to the levels seen in 2006 and 2007, when the island was enjoying an economic boom time. And the Government is listening to the needs of the business community, and looking at ways of low...