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Bermuda is among 130 jurisdictions to agree to the outline of a two-pillar plan to overhaul the global tax system. But the island has made known its concerns over the timeline for the project and about “technical and practical” aspects of the plans, ...

The City of Hamilton’s revenue fell by almost $3 million due to Covid-19 with projects such as road surfacing cut to save money. However, the Corporation also announced that it was now debt-free, having paid off a $10.6 million loan to build a new wo...

Bermuda has a right to decide what is the appropriate tax system for the island and to make its own adjustments. Any changes to its tax system, which has been in place for 200 years, should be as a result of its own determinations rather than as a re...

Further amendments to the island’s economic substance regime were approved yesterday as the island worked to avoid a return to the EU’s blacklist. Curtis Dickinson, the Minister of Finance, said the Economic Substance Amendment Act 2021 was designed ...

The Department of Social Insurance will be closed from tomorrow until next Tuesday for renovation work, the Ministry of Finance announced today. The office, in the Government Administration Building on Parliament Street, Hamilton, will close tomorrow...

Bermuda has lived for decades with the spectre of foreign governments shattering the economy with the stroke of a pen. Changing a few words in a tax code could cause immeasurable harm to international businesses, which has as one of its cornerstones...

President Joe Biden might have persuaded some of the world's largest economies to hike taxes on corporations, but the US Congress could be a far tougher sell. White House press secretary Jen Psaki said on Friday that leaders of the Group of Seven — ...

The Bermuda Business Development Agency is to host a climate risk finance seminar on June 23 in association with Rims, the risk management society. Roland Andy Burrows, chief executive officer of the BDA, said the online seminar will feature climate ...

Bermuda has responded after seven of the biggest economies in the world issued an accord supporting the outlines of a new global tax system, and a commitment to a minimum corporate tax rate of at least 15 per cent. More details are needed before the ...

Curtis Dickinson, Minister of Finance, has responded to a statement from the finance ministers of the Group of Seven nations in which they committed to a global minimum corporate tax rate of at least 15 per cent on a country by country basis. The G7 ...

LONDON (AP) — The Group of Seven wealthy democracies agreed today to support a global minimum corporate tax rate of at least 15 per cent in order to deter multinational companies from avoiding taxes by stashing profits in low-rate countries. G-7 fin...

Insurance firms yesterday backed the finance minister’s move to allow people struggling to make ends meet to take an extra $6,000 from eligible pension plans. But the adminstrator of a hospitality industry pension scheme said said hotel workers who h...