55 results returned for search: "tax reform commission AND " category "Business"
Bermuda’s economy is facing challenges on multiple fronts as it heads into 2019.
A potent combination of increasing taxes, growing external threats to the island’s international business sector from the likes of the European Union, consolidation in t...
DATE: Jan 02, 2019
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CATEGORY:
Economy
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Liberty Mutual has reorganised its operations — including its Bermudian-based insurer Ironshore — to better address the needs of brokers and clients.
According to Mitch Blaser, who will assume the title of vice-chairman of Ironshore Bermuda, the chan...
DATE: Mar 01, 2018
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CATEGORY:
Reinsurance
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Accounting and legal services are set to be taxed in next month’s Budget, according to a report by independent advisers of the Bermuda Government.
The Fiscal Responsibility Panel’s annual assessment, published last month, also estimates that Governme...
DATE: Jan 05, 2018
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CATEGORY:
Other
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The US tax overhaul is symptomatic of growing protectionism around the world threatening the global business model of Bermudian reinsurers.
That is the view of Bradley Kading, outgoing president of the Association of Bermuda Insurers and Reinsurers, ...
DATE: Dec 28, 2017
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CATEGORY:
Reinsurance
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US companies that make billions of dollars from patents and other intellectual property held offshore would be eligible for a special 12.5 per cent tax rate on those earnings under the Senate tax plan.
That’s a potential “gold mine” for some multinat...
DATE: Nov 15, 2017
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CATEGORY:
International Business
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Given its massive impact on all of our lives, it’s not too surprising that the economy has consistently ranked as the top issue with voters in polls commissioned by this newspaper in recent quarters.
And with all the pain of a six-year recession stil...
DATE: Jul 13, 2017
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CATEGORY:
Economy
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Government will save an estimated $25 million this year by freezing most vacant Government jobs, Finance Minister Bob Richards yesterday told a post-Budget Chamber of Commerce meeting.
And he said that Government planned to introduce measures to make...
DATE: Feb 24, 2015
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CATEGORY:
Other
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AUTHOR:
Raymond Hainey, Assistant News Editor
LONDON (Bloomberg) — The UK became the latest country to take aim at multinational tax avoidance, announcing a new levy on companies that “artificially” shift their profits into havens, a move prompted by growing international outrage at manoeuvres u...
DATE: Dec 05, 2014
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CATEGORY:
Other
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With just a week to go before Budget Day, the Progressive Labour Party is challenging Government to keep its election campaign promise to reduce the debt without cutting services.
Shadow Finance Minister David Burt is also questioning Government’s st...
DATE: Feb 15, 2013
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CATEGORY:
Economy
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NEW YORK (Bloomberg) — Google avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenues into a Bermuda shell company, almost double the total from three years before, filings show.
By legally funneling profits fr...
DATE: Dec 11, 2012
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CATEGORY:
Other
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