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The Bermuda Monetary Authority (BMA) announced yesterday it has named Craig Swan to the newly created position of managing director, supervision to lead all of the authority’s financial services supervisory functions, effective immediately. Mr Swan w...

Bermuda is set to sign on to new US imposed regulations to combat tax evasion by Americans, says Finance Minister Bob Richards. And similar arrangements with the United Kingdom are certain to follow. According to Mr Richards, Government will decide h...

Yesterday’s increases in sin taxes were an added blow to one retailer already reeling from the effects of the recession. Roderick Nesbitt said he’s seen more than half his sales at Court Street Liquors disappear. The ten percent rise on alcohol and c...

The new ten percent import duty hike on cigarettes and alcoholic beverages goes into effect on Monday, April 1, as a result of the Customs Tariff Amendment Act 2013. The tax hike was implemented as a result of the new Budget in February to raise an e...

Bermuda remains the largest domicile in terms of active captives — a total of 856 as of the end of last year, the Bermuda Monetary Authority said yesterday. And the BMA said despite the tough conditions, the Island’s insurance sector achieved strong ...

Bermuda remains the largest domicile in terms of active captives — a total of 856 as of the end of last year, the Bermuda Monetary Authority said yesterday. And the BMA said despite the tough conditions, the Island’s insurance sector achieved strong ...