2113 results returned for search: "" category "Business" author Raymond Hainey, Assistant News Editor
Bermuda’s top US diplomat yesterday denied America was using Big Brother tactics to clamp down on tax dodgers.
US Consul General Robert Settje said that the Foreign Account Tax Compliance Act (FATCA) treaty signed with Bermuda — which requires annual...
DATE: Dec 20, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A US firm that routed business through a Bermuda subsidiary to “fleece” clients out of millions of dollars of extra fees has coughed up more than $150 million in fines in America.
The Bermuda arm of ConvergEx, a leading transactions services provider...
DATE: Dec 20, 2013
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda has won qualified jurisdiction status from the US National Association of Insurance Commissioners (NAIC).
The move means that reinsurers licensed and based in Bermuda will be eligible to be certified for reduced reinsurance collateral requir...
DATE: Dec 20, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
France has removed Bermuda from its tax blacklist, Finance Minister Bob Richards said today.
The move came after high-level talks between French officials and Finance Ministry staff.
Mr Richards said: “I was impressed by the goodwill shown by French...
DATE: Dec 20, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
The $50 million Bermuda Government Bond has been given a AA- rating by ratings agency Fitch, it was announced yesterday.
Fitch said the rating was “in line with Bermuda’s long-term local currency issuer default rating (IDR) of AA- with a negative out...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
A massive $50 million Government bond has sold out, Minister of Finance Bob Richards said today.
Mr Richards added that more than two-thirds of the bond orders — aimed at raising cash to reduce the Island’s debt — went to smaller investors and 90 per...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda today signed an agreement to report to the US on American citizens’ bank accounts on the Island.
The intergovernmental agreement brings Bermuda in line with the US Foreign Account Compliance Act (FATCA), passed by the US government in a bid t...
DATE: Dec 19, 2013
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda had the greatest percentage of growth in its register of companies in the first half of the year compared to other offshore jurisdictions, a top law firm said yesterday.
The Island saw 538 new firms set up in the first six months of 2013 — wh...
DATE: Dec 18, 2013
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CATEGORY:
International Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Traditional toys like Lego and dolls are top sellers this Christmas, retailers have revealed.
Charlene Brown, of the Annex toy store in the Phoenix Centre on Reid Street, said: “Lego is always very popular — it’s one of those classics, like Barbie do...
DATE: Dec 18, 2013
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
Bermuda law firm MJM is to end the year on a high note.
The company will be listed in the International Financial Law Review (IFLR) magazine this month as a 2014 recommended firm in its IFLR 1000 mergers and acquisitions survey.
The recognition comes...
DATE: Dec 18, 2013
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CATEGORY:
Local Business
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AUTHOR:
Raymond Hainey, Assistant News Editor
