Log In

The cost to fly to Heathrow will rise next summer as the airport is set to increase passenger taxes. The Civil Aviation Authority, the UK aviation regulator, has said it could allow the airport to increase charges by up to 56 per cent by 2023 as it a...

A global agreement on minimum corporate tax rates has approved an exclusion for the island’s international insurance industry. Curtis Dickinson, the minister of finance welcomed the carve-out by the Organisation for Economic Co-operation and Developm...

Sweeping changes to the global tax system were agreed to yesterday by more than 130 countries that could wreak havoc on Bermuda’s major economic pillar – international business. The changes to how global companies are taxed, includes a 15 per cent mi...

Power bills in Bermuda are set to rise this month with Belco blaming significantly increased costs for fuel. The company said the Fuel Adjustment Rate rose by about 23 per cent - from 13.486 cents per kilowatt hour to 16.61 cents per kilowatt hour - ...

A new study from an American think tank is the latest development in proposals for a global corporate tax scheme that could threaten Bermuda’s international business. But the report has concluded that Bermuda reinsurers are crucial to the United Stat...

Caribbean countries will struggle to adopt a global minimum tax on corporate profits because they are already reeling over anti-money laundering and terrorism financing compliance requirements, a leading insurer said. Paul Traboulay, the chief opera...

An investment fund manager has called on Bermuda to coordinate with other countries in formulating a response to the push for a global minimum corporate tax. The call came during the virtual Artemis Bermuda ILS Executive Roundtable this week, from Ri...

Efforts to combat a global tax plan that threatens Bermuda’s interests received help with a key expert publicly explaining how proposed measures would also be contrary to the interests of American homeowners, particularly in coastal states like Flori...

Dear Sir, For the benefit of your readers I wish to apologise for an error that was included in part one of my two-part opinion, on July 12, 2021. That op-ed was about the implications for Bermuda if the intended Organisation for Economic Co-operatio...

Dear Sir, As I am sure all your readers know, the G7 and now the G20 are pushing for a worldwide minimum corporate tax rate of 15 per cent. There has been more than one concerned reaction to this news in these pages, the latest from Bob Richards, the...

Government is discussing a carve-out for the island’s international insurance industry in multilateral discussions towards a new global agreement on a minimum corporate tax rate. Finance minister Curtis Dickinson said the carve-out was one of the iss...

The finance minister Curtis Dickinson yesterday refused to publicly divulge which countries are allied with Bermuda in the international discussions of the global tax initiative set to come to a head this October. But he will soon reconstitute the Ta...