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Seven years ago, the US led an effort to address a problem facing governments everywhere. Each year, people manage to avoid paying an estimated $2.5 trillion in income tax — a giant sum that could be used to combat poverty, update infrastructure or l...

David Weigel Senator Bernie Sanders was resolutely opposed to the Tax Cuts and Jobs Act. From his perch on the Senate Budget Committee, he weighed it down with rules challenges. At rallies across the Rust Belt, he warned it would speed up America’s ...

There were two important whistleblower reforms in the Tax Cuts and Jobs Act when the Senate passed its version of the Bill a few weeks ago: both provisions were designed to stop tax evasion, closing loopholes that threatened to undermine whistleblowe...

US tax reform legislation has today cleared its final political hurdle and will next go to President Donald Trump’s desk to be signed into law. The Tax Cuts and Jobs Act was today approved by the House of Representatives for a second time after the U...

Bermudian-founded law firm Appleby has launched breach of confidence proceedings against the Guardian and the BBC. According to the Guardian, Appleby has also demanded that the two news organisations disclose any of the six million documents that inf...

Bermudian reinsurers are weighing restructuring options in response to US tax reform legislation that could be signed by President Donald Trump as early as this week and come into effect by the start of next year. Tax expert Will McCallum said that t...

The Bermuda Government has signed a major tax agreement with the United States. The Country by Country Competent Authority Agreement means that the Government has satisfied the Internal Revenue Service’s data safeguards review and complies with the O...

The Bermuda Chamber of Commerce has partnered with KPMG to host a breakfast update session on the impending US tax reform. Will McCallum, managing director and head of tax for KPMG in Bermuda will speak at Friday’s session. He will provide an update ...

Bermuda’s status as a co-operative tax jurisdiction has been reaffirmed by the European Union’s Economic and Financial Affairs Council. But the British media have highlighted that Bermuda is among 47 jurisdictions warned to take extra steps to preven...

WASHINGTON (Bloomberg) — Senate Republicans tucked some multibillion-dollar tax increases for corporations into the 515-page tax Bill they released this week — spring-loaded hikes that would begin after 2024 if the economy doesn’t grow as fast as GOP...

David Burt, the Premier, said he welcomes the UK Government’s proposal for a new tax on digital revenues — which he expects to impact some Bermuda entities. In his Budget statement yesterday, Philip Hammond, the British Chancellor of the Exchequer, s...

Dear Sir, David Burt has announced two separate strategic defences to the leaked Paradise Papers, with the more recent being the “Bermuda Standard”, which I assume is touted to be equivalent or better than the gold standard. The first strategy failed...