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Public Works Minister Trevor Moniz yesterday warned tax dodgers to beware as Govt is making aggressive moves to recoup funds owed to them. Updating MPs on the status of monies in arrears, he said he was stunned when he learned that it was as high as ...

Bermuda and other British territories have come under pressure from UK Prime Minister David Cameron to “take the lead” on tax information exchange and beneficial ownership. Mr Cameron wrote yesterday to the Island, along with the rest of Britain’s Ov...

Bermuda is set to sign on to new US imposed regulations to combat tax evasion by Americans, says Finance Minister Bob Richards. And similar arrangements with the United Kingdom are certain to follow. According to Mr Richards, Government will decide h...

Yesterday’s increases in sin taxes were an added blow to one retailer already reeling from the effects of the recession. Roderick Nesbitt said he’s seen more than half his sales at Court Street Liquors disappear. The ten percent rise on alcohol and c...

The new ten percent import duty hike on cigarettes and alcoholic beverages goes into effect on Monday, April 1, as a result of the Customs Tariff Amendment Act 2013. The tax hike was implemented as a result of the new Budget in February to raise an e...

Bermuda has once again come under the spotlight in the debate about multinational corporations and tax avoidance. During a debate this week in the UK’s House of Commons, a UK MP said Britain “is responsible for some of the biggest tax havens in the ...