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Strong comments by finance minister Bob Richards in The Guardian newspaper were “right on” in defending Bermuda’s reputation, Michael Dunkley said, adding that he had discussed the interview with Mr Richards. “We are here together, so we had a genera...

Bob Richards, the Minister of Finance, yesterday blasted Britain over its hypocrisy on tax. Mr Richards said the UK’s bid to get Overseas Territories to establish public registers of ownership in offshore companies would damage the island. And he add...

Bermuda’s finance minister Bob Richards has fired a broadside at the UK’s hypocrisy over tax legislation. Speaking to The Guardian newspaper, Mr Richards blasted Britain’s bid to have its Overseas Territories establish public registers of the owners ...

Business leaders and the legal world warned that the island faces a period of “unprecedented uncertainty” as Donald Trump takes over as US president tomorrow amid campaign pledges of tax cuts and protectionism. One senior reinsurance figure said: “Th...

“It’s so strange. Everything can be going along just great, and then one day, whack, you’re blindsided — a lousy, crammy blow you didn’t see coming.” - James Patterson One thing we have written about extensively is that a country or a company should ...

Radical reform to payroll tax could address Bermuda’s growing inequality problems, according to economist Craig Simmons. The island’s “working poor” — already blighted by stagnating pay packets and declining income — also have to pay a larger percent...

Google moved $15.5 billion to its Bermuda subsidiary last year, a 40 per cent increase on the amount it sent to the island in 2014. By doing so, it saved an estimated $3.6 billion in worldwide taxes, according to a report by Bloomberg. The figures co...

NEW YORK (Bloomberg) — Google saved $3.6 billion in worldwide taxes in 2015 by moving 14.9 billion euros ($15.5 billion) to a Bermuda shell company, new regulatory filings in the Netherlands reveal. The amount the company shifted through its Dutch su...

Bermuda today slammed a bid by a group of British MPs to enforce a public register of company ownership. Around 80 MPs from a cross-section of UK political parties want an amendment to a British parliament criminal finances bill to include a stipulat...

Cuts in the corporate tax rate in the US in the wake of Donald Trump’s White House victory could hit Bermuda, experts warned yesterday. Michelle Seymour Smith, CEO of Arch Re, said: “This is one that’s coming to us sooner rather than later. “I believ...

Global charity Oxfam should correct the report that ranks Bermuda as “the world’s worst corporate tax haven” as it is strewn with errors. That is the view of the Association of Bermuda Insurers and Reinsurers, which represents many of the island’s la...

Finance minister Bob Richards has expressed dismay at Oxfam’s claim that Bermuda is the world’s worst corporate tax haven. And the Progressive Labour Party joined him to condemn the report as “extremely disappointing”. Mr Richards pointed to “serial ...