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Bermuda has signed up to a new international agreement to allow automatic exchange of financial information in a bid to crack down on tax cheats. Now the Island and 50 other countries will begin the exchange of information, backed by the Organisation...

Google is considering getting rid of its Bermuda subsidiary, according to a report in French newspaper Le Monde. The Bermuda company employs no-one and has no physical presence on the Island. It is used by the technology giant to minimise its tax bil...

DUBLIN (Bloomberg) — Ireland’s government will phase out a tax shelter used by US companies from Google to LinkedIn, amid mounting pressure from international authorities. The “Double Irish”, which allows companies to avoid paying tax on much of thei...

If a Bermudian calls us with a US tax question it is usually with respect to income tax or more commonly the withholding tax imposed by the Internal Revenue Service with respect to dividends or other fixed or determinable income being paid to a non-U...

The US Internal Revenue Service (IRS) is to take an American company with a Bermudian arm to court in a bid to tax a $357 million loan. And — if the US taxman is successful — the case could have wide-reaching implications for other major US firms th...

Bermuda’s representative in the US has launched a defence of the Island’s tax system. And head of Bermuda’s Washington DC office Cheryl Packwood appealed for US legislators to treat Bermuda as an ally and economic partner — not a tax haven. “Unlike t...

Non-profit organisations will get a break from Fatca-type requirements of the UK, the Finance Ministry said last night. Bermuda’s compliance with Fatca (the US Foreign Account Tax Compliance Act) requires financial institutions to report on the holdi...