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Sneakers were cited as evidence to prove Bermuda is a tax haven in a report aimed at highlighting the use of offshore companies by major firms. The bizarre claim came in Offshore Shell Games, a report of the offshore activities of Fortune 500 compani...

Apple’s huge cash hoard is very tempting. Especially for governments which are unable to control their ever escalating public debts and spiralling entitlement deficits. The recent case where the EU decided that Apple had received illegal state aid fr...

A proposed levy dubbed the general services tax will not come into effect for the next fiscal year starting April 2017, according to Bob Richards, the Minister of Finance. While he was not prepared to divulge new details on the 5 per cent charge put ...

By ordering Apple to pay $14.5 billion (13 billion euros) in back taxes to Ireland, the European Union has created a somewhat farcical situation. Ireland doesn’t want the money, which amounts to more than four months’ tax revenue for the small nation...

The European Union has demanded Ireland claw back up to $14.5 billion in back taxes from tech giant Apple — a move that could impact on Bermuda. Yesterday an expert said that the ruling — the biggest ever under the EU’s state aid rules — may be part ...

NEW YORK (Bloomberg) — In laying out his case last week for a lower corporate income tax, Donald Trump renewed his criticism of the financial manoeuvres known as “inversions” that allow US companies to lower their tax bills by shifting their legal ad...

The Senate unanimously approved a new tax today to ensure the proper upkeep of the City of Hamilton’s sewerage system. Senator Michael Fahy, the Minister of Tourism, Transport and Municipalities, presented the Hamilton Sewerage Amendment Act 2016 to...

A Bill amending the definition of “agreement” regarding Tax Information Exchange Agreements has been passed in the Senate. The International Co-operation (Tax Information Exchange Agreements) Amendments Act 2016 also added a regulation-making power,...

LONDON (Bloomberg) — The global fight against corruption should focus on major jurisdictions rather than bullying small territories, the heads of government of two offshore centres told world leaders. Addressing an anti-corruption summit in London ye...

In the second of a two-part series, Stephanie Paiva Sanderson, Corporate Attorney and Chair of the Industry/Government Joint Committee on Fatca and CRS analyses recent developments in the global effort to increase transparency and how Bermuda is part...

David Cameron, the British Prime Minister, yesterday admitted some Overseas Territories are ahead of the UK in financial regulation. And Finance Minister Bob Richards said he had no doubt Mr Cameron meant Bermuda. Mr Richards, who attended the UK’s a...

Australia is to hit multinational giants with a new diverted profits tax to crack down on tax avoidance using jurisdictions like Bermuda. The new tax — to be introduced next year — will slap big companies with a 40 per cent tax on profits shifted off...