1710 results returned for search: "" category "Business" author Jonathan Kent
Bermuda banks with US clients face being required to share information with US tax authorities or be presumed to be aiding tax evasion and face punitive consequences.
US President Barack Obama yesterday unveiled plans to require all foreign financial...
DATE: May 05, 2009
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AUTHOR:
Jonathan Kent
Shadow Finance Minister Bob Richards last night described US President Barack Obama's tax haven crackdown as "a direct threat to Bermuda's economy".
The United Bermuda Party MP also accused Finance Minister Paula Cox of "sluggishness" in enacting tax...
DATE: May 05, 2009
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Jonathan Kent
Finance Minister Paula Cox responded to US President Barack Obama's broadside on tax cheats yesterday by saying: "Bermuda is not a country that assists wealthy Americans to evade taxes."
She added that Bermuda had a long-standing tax information exch...
DATE: May 05, 2009
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AUTHOR:
Jonathan Kent
Many of Bermuda's business leaders have a priorities list that looks very different from 12 months ago, according to accountancy and advisory firm KPMG.
Items like risk management, capital management and governance have climbed up the agenda during a...
DATE: May 05, 2009
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AUTHOR:
Jonathan Kent
Butterfield Bank's financial strength rating has been cut by credit rating agency Moody's.
Moody's lowered Butterfield's Bank Financial Strength Rating (BFSR) to C- from C, citing possible weakening on the bank's capital ratios in 2009, as Butterfiel...
DATE: May 04, 2009
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has claimed the Opposition used "fiction" in an effort to score "a cheap political point" in their comments on the downgrade of Bermuda Government bonds by credit rating agency Moody's.
Ms Cox said that safeguarding Bermuda...
DATE: May 04, 2009
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AUTHOR:
Jonathan Kent
Americans would likely have to pay out up to $12 billion a year extra for insurance premiums if Congress passes legislation that would impose higher taxes on Bermudian and other non-US insurers.
That is the finding of a new study, carried out by econ...
DATE: May 04, 2009
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AUTHOR:
Jonathan Kent
The board of IPC Holdings has urged the company's shareholders to reject the hostile takeover attempt by fellow Bermuda reinsurer Validus in favour of a merger with Max Capital.
IPC said its directors voted unanimously to reiterate their support for ...
DATE: May 04, 2009
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AUTHOR:
Jonathan Kent
Bermuda-based Scottish Re Group Ltd. posted a net loss of $2.71 billion last year, the company announced last night - the biggest loss suffered by any company in the Bermuda insurance sector in 2008.
The life reinsurer, which has ceased writing new b...
DATE: May 01, 2009
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox has lost her grip on public finances, said the Opposition after credit rating agency Moody's downgraded Bermuda Government bonds.
Acting Shadow Finance Minister Pat Gordon-Pamplin said the Island's first ever downgrade by M...
DATE: May 01, 2009
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AUTHOR:
Jonathan Kent
