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The Government is downplaying Bermuda being put back on the European Union’s Grey List, but admits it is powerless to get off it until October.

Expect a lot of political shots fired during this year’s budget debate, and expect focused questions and observations during the annual Chamber of Commerce Budget Breakfast. Losing Curtis Dickinson is unfortunate. He won widespread respect as finance...

Unpaid taxes and Government fees were thought to total almost $198 million at the end of last year, the finance minister said. Curtis Dickinson told the House of Assembly that the estimate was based on figures from the Office of the Tax Commissioner ...

Dear Sir, Are books duty-free in Bermuda? A dear friend of mine, Major Effiom B. Whyte, retired airline pilot of Air Jamaica Limited and Caribbean Airlines Limited, and former National Co-ordinator of the Governor-General of Jamaica’s Programme of Ex...

A judge has ruled in favour of a lawyer who sued The Royal Gazette after it reported on the work he did in Bermuda for an American billionaire accused of tax evasion. Puisne Judge Larry Mussenden ordered the newspaper not to publish anything containe...

Congressional Republicans are claiming that US President Joe Biden’s promises over the global tax initiative amount to “global tax surrender”, creating higher taxes, fewer jobs for Americans and a windfall for foreign competitors. They say the Biden ...

The multilateral agreement to establish a global minimum tax is expected to have a negative effect on Bermuda, according to a leading ratings agency. In a review of the eight reinsurers followed by Fitch Ratings, the agency states that Bermuda’s adva...

Payroll tax and corporate service tax returns for the fourth quarter of 2021 were due by the close of business on Friday, Government has reminded taxpayers. Hotel occupancy tax returns for the month ending December 31 are also due on or before today,...

The UK government has begun public consultation seeking views on how a worldwide 15 per cent minimum corporation tax should be domestically implemented. The consultation seeks views on the application of the global minimum corporation tax in the UK, ...

The OECD’s effort to push through the controversial global minimum tax model rules may come to an abrupt halt, after the world body received a warning that the rules are not expected to work as intended. The OECD (Organisation of Economic Co-operatio...

The Ministry of Finance has launched legal action against a former One Bermuda Alliance MP and his landscaping company over allegations of unpaid taxes. The Attorney-General’s Chambers filed a writ against Jeff Sousa, his Sousa’s Landscape Management...

Bermudians need not fear the future for its insurance markets in the face of the global tax initiative, said the man heading the transformation of Lloyd’s of London. He is determined to make Lloyd’s and London the centre of the insurance world and se...