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Bermuda architects are drawing up amendments to the law designed to protect clients from mistakes. The Institute of Bermuda Architects, the Architectural Association of Bermuda and the Architects Registration Council are looking for input from the pu...

A new tax on services will increase costs to consumers and may need more civil servants to administer it, Chamber of Commerce president John Wight warned yesterday. Mr Wight said the new general services tax, likely to be set at 5 per cent, was “a ne...

Australia is to hit multinational giants with a new diverted profits tax to crack down on tax avoidance using jurisdictions like Bermuda. The new tax — to be introduced next year — will slap big companies with a 40 per cent tax on profits shifted off...

Bermuda yesterday figured in a list of more than 200,000 shell companies set up by a Panamanian law firm. Nearly 150 Bermuda entities are named in the massive leak of documents from Panama lawyers Mossack Fonseca, dubbed the Panama Papers. And the la...

Shopping online has increased in Bermuda, according to a new survey. However, compared with a number of similar island jurisdictions, Bermuda residents are more likely to shop at local retailers. And that finding has been hailed as testament to the e...

St George is to launch its first Marine Expo next month in a bid to boost visitor numbers to the Old Towne. The show will feature the latest in marine technology and also highlight the rich maritime history of the island. Ray Lambert, the economic de...

Law firm Harneys has been drumming up business in Asia. Lawyers from the Bermuda office of the international firm this week delivered a series of seminars in Hong Kong designed to highlight services offered on the island. Sarah-Jane Hurrion, managing...

AM Best has affirmed the ratings of Bermudian insurance group Argus. The agency gave Argus Insurance and Bermuda Life Insurance Company a financial strength rating of B++. “The ratings affirmations reflect the Argus Group’s consolidated positive earn...

Bermuda’s decision to sign up to a country-by-country reporting agreement for multinational companies could be used to target shell companies using the island for tax avoidance. Bradley Kading, president and executive director of the Association of B...

Profits at insurance and reinsurance firm Allied World dropped by more than $50 million for the first quarter. Allied World had a net income of $74.1 million for the first three months this year, down from $124.4 million in the same quarter the previ...