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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...

Bermuda yesterday figured in a list of more than 200,000 shell companies set up by a Panamanian law firm. Nearly 150 Bermuda entities are named in the massive leak of documents from Panama lawyers Mossack Fonseca, dubbed the Panama Papers. And the la...

Tax evasion is illegal everywhere. What’s called “tax avoidance” is, of course, not only legal but the cornerstone of thriving speciality practices at any number of leading — and some not-so-exemplary — law firms around the world. Many brilliant leg...

A United Nations report has found that multinational companies registered more profits in Bermuda than in China, Canada or Germany. The report, published yesterday by UN think tank Unctad, showed that companies from a sample of 26 developed countries...

As I was preparing to draft a speech on “International Tax and Compensation Issues Effecting International Executives” for a Bloomberg tax conference the news broke regarding the so-called Panama Papers and the thousands of politicians, millionaires ...

With the spotlight on offshore financial centres in the wake of the Panama Papers revelations, Stephanie Paiva Sanderson, corporate attorney and chairwoman of the Industry/Government Joint Committee on Fatca and the Common Reporting Standard explain...

Dear Sir, The letter by the Premier, Michael Dunkley, to the leader of the British Labour Party, Jeremy Corbyn, published by you on April 28, is succinct and to the point. The Premier provided impartial information about the commercial value to the U...

Michael Dunkley has written to Jeremy Corbyn, the leader of the British Labour Party, to defend Bermuda’s international reputation. The Premier said that he provided factual information about the island’s position in insurance and international busin...

Deputy Premier Bob Richards has accused the Progressive Labour Party of “naked politics” in the row over the airport redevelopment project. Mr Richards was responding to allegations made by acting Opposition leader David Burt and shadow transport mi...

Bermuda’s decision to sign up to a country-by-country reporting agreement for multinational companies could be used to target shell companies using the island for tax avoidance. Bradley Kading, president and executive director of the Association of B...

Dear Sir, What are the Parks Department personnel doing each day? The reason why I ask is simple, Somerset looks absolutely disgusting. Mangrove Bay is totally overgrown with weeds and droppings from the screw pines. Long Bay playground looks totall...