Log In

European Union plans to require large multinational companies to publicly reveal their profits and tax liabilities in each member state have stalled. Twelve countries, including Luxembourg, Malta and Ireland, opposed the transparency measure at a mee...

An international effort aimed at establishing a global minimum rate of taxation for multinational companies is nearing the end of its consultation phase. The Organisation for Economic Co-operation and Development’s Pillar Two proposal is intended to ...

The results are in. The Trump tax cuts resulted in most families saving so little that majorities continue to insist they see no difference in their paycheques. But one very small group made out spectacularly. According to figures put together by eco...

Plans to extend maternity leave to 13 weeks of paid leave and the introduction, for the first time of five days paternity leave, passed with overwhelming support in the House of Assembly last week and swept through the Senate as well. There’s much t...

New hotel developments subject to tax breaks can take advantage of further relief under legislation approved on Friday in the House of Assembly. The Tourism Investment Amendment Act 2019 applies to developments The Loren at Pink Beach, Rosewood Bermu...

Dear Sir, At the last budget it was reported that there would now be a minimum fee for land tax of $300 per annum since “that’s what it costs to collect the tax”. As you will recall, there was a bit of an outcry because this, in most instances, cause...

Massive increases of up to $880 in six-month land tax bills have left seniors worried over how they will make ends meet. Seniors were shocked when they got their invoices which were much higher than six months ago. One homeowner told The Royal Gazett...

A new $5 fee slapped on duty- free items posted to Bermuda has sparked fury. Angry post office users said they had been hit with the fee when they collected birthday cards. One woman wrote on the Maj’s List Facebook page that she was charged $20 to ...

American multinational companies repatriated a staggering $231 billion in corporate profits from Bermudian-based affiliates to the United States last year. Changes in US tax law brought in last year slashed the rate of tax on profits brought back to ...

Dear Sir, When I first looked at the article headlined “Landscape of Bermuda financial sanctions”, I had reservations that it would be frothy, but to the contrary, I am pleasantly surprised. It is refreshing to note the understanding and, perhaps, a...

There are tangible benefits for persons belonging to sophisticated jurisdictions whose services are international in scope. Experience is gained through opportunity and exposure. In Bermuda, as everywhere, the opportunity may arise in either the priv...

The EU Substance Act represents “as much a paradigm shift as I have ever seen”, says an expert who has assisted the Bermuda Government in its response to the legislation. Michael Frith, an independent director and former partner at Conyers, Dill and ...