2353 results returned for search: "" category "Other" author Jonathan Kent
Finance Secretary Donald Scott has written to the OECD to complain that its progress report on international tax transparency is "flawed and misleading" and that some jurisdictions may have been preferentially treated.
The letter, obtained by The Roy...
DATE: May 07, 2009
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AUTHOR:
Jonathan Kent
Max Capital Group posted a big increase in profits for the first quarter and handily beat analysts' estimates, as gross premiums written soared.
The Bermuda-based insurer and reinsurer reported net income of $44.5 million, or $0.78 per diluted share,...
DATE: May 06, 2009
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AUTHOR:
Jonathan Kent
Argo Group International Holdings Ltd.'s first-quarter net income fell by almost 27 percent on investment losses.
The Bermuda-based insurer and reinsurer posted a profit of $27 million, or $0.88 per diluted share, for the first three months of the ye...
DATE: May 06, 2009
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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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Other
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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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AUTHOR:
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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CATEGORY:
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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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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
