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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...

Bermuda has signed up to a major international agreement on country-by-country financial reporting by multinational companies. Bob Richards, the Minister of Finance, said Bermuda had fallen in line with the Organisation for Economic Cooperation and D...

Bermuda has been highlighted in the row over tax avoidance in the UK. News websites have reported that national broadcaster, the BBC, had nearly $120 million from its pension was invested by Bermuda-based investment managers Nephila Capital, accordin...

A group representing Bermuda’s largest insurers is firmly in favour of the island striving to meet new “country-by-country” income reporting standards aimed at forcing multinational companies to pay taxes where profits are generated. The initiative i...

The revelations about offshore accounts contained in the so-called Panama Papers are sensational, but they are unlikely to put an end to these tax havens favoured by the world’s rich and powerful. Rather, the disclosures are a reminder that these she...

Bermuda is to share its register of ownership of companies with the UK’s National Crime Agency. Michael Dunkley, the Premier, said Bermuda already shares information on beneficial ownership with Britain’s tax authorities within 24 hours of a request ...

British parliamentarians have come under further fire over offshore assets after a Tory party official admitted having assets in Bermuda. In an article published online yesterday, The Sun reported that 12 senior Tory officials had put their assets in...

Churches should be registered charities to ensure they are held strictly accountable for the funds that they raise and tax exemptions they are subject to. This is the view of lawyer Mark Diel who has weighed into an ongoing debate over whether churc...

Taxpayers are now able to use Visa, MasterCard and American Express to pay payroll tax through the e-tax system. “The Office of the Tax Commissioner advises that the e-tax system has been enhanced to enable taxpayers to use their Visa, MasterCard an...

Bermuda was once more caught up in an indiscriminate hail of fire loosely aimed at offshore financial centres this week after the global coverage of tax avoidance by wealthy people known as the Panama Papers. Bermuda was not mentioned in the stories ...

The president of Bermuda Bar Association said yesterday that ensuring clients complied with tax obligations in their home countries was “probably not a matter” for the island’s corporate lawyers. In the wake of the massive Panama Papers data leak, Ri...