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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 ...

The sharing of information on accounts in offshore financial jurisdictions like Bermuda is bringing in billions of dollars in tax revenue for the home countries of the account holders. The island joined a global effort to improve transparency on matt...

Bermuda has been placed at number two on a list of “the most corrosive corporate tax havens in the world”, by the campaign group Tax Justice Network. The group says the UK has waged a corporate tax war “against the ordinary citizens of rich and poor ...

European Union finance ministers removed Bermuda from a blacklist of noncooperative tax jurisdictions yesterday. Representatives of the 28 EU countries struck Bermuda from Annex I of the EU list — the “blacklist” — and put the island in Annex II of t...

Bermuda will be removed from the European Union’s blacklist of noncooperative tax jurisdictions next week, a Bloomberg Law report said yesterday. The news agency added that its report was based on documents obtained by Bloomberg News. The report came...

The Progressive Labour Party government has framed the sugar tax as a financial disincentive that will modify behaviour, reduce the incidence of diabetes and, therefore, contribute to reducing the overall cost of healthcare in Bermuda. I do not beli...

The Minister of Finance said yesterday he expected Bermuda to be removed from the list of uncooperative tax jurisdictions after he completed a round of discussions in Europe. Curtis Dickinson said the visit included a meeting with the chairwoman of t...

Shopkeepers braced themselves this weekend for a hit from the sugar tax hike on Monday. Products with sugar will havea 75 per cent duty rate from the start of next week. Zachary Moniz, the manager at Lindo’s Family Foods in Warwick, said customs had...

A European Union economic commissioner was “surprised” that Bermuda was included on a list of noncooperative tax jurisdictions, the Premier said yesterday. David Burt explained that the island was internationally recognised as having a robust reputat...

Bakeries and other small food producers will get special consideration when the sugar tax comes into effect next month. Government senator Anthony Richardson told the Upper House yesterday that there will be a 5 per cent concession rate on sugar for ...

Figures that showed fees from the sale of property to non-Bermudians were likely to be at least $4.5 million less than predicted has sparked questions from the Opposition leader. Craig Cannonier said that Walton Brown, the former home affairs ministe...