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September 10, 2011 Dear Sir, A friend recently mentioned that he couldn’t get his head around how much money is owed by the Government and ultimately by us the taxpayer. Having given this some thought I figured on a simple solution. A Bermuda $100 ...

The Organisation for Economic Cooperation and Development (OECD) has encouraged Governments to change their tax regimes to capture more of the potential revenue lost to companies using “aggressive” policies to slash their tax bills. An OECD report pu...

Liquidators of two Bermuda-incorporated funds should have their proceedings recognised as a foreign action in order to investigate the funds’ financial affairs and to distribute recovered property to the creditors, a judge has concluded. Bankruptcy J...

Bermuda-based fund administrator Prime Management Ltd achieved a score of 6.7 out of 7 in the annual Global Custodian Hedge Fund Administration Survey. Prime also received “Best in Class” awards in more than 90 percent of its eligible categories. Jo...

GENEVA (AP) Swiss banks will have to pay 500 million Swiss francs ($630 million) to Britain as part of an agreement to end tax evasion, the Swiss government says. Britain’s treasury described the deal struck by senior officials in Zurich on Wednesday...

Bermuda is at the centre of an investigation into the finances of Australian tycoons the Lowy family in a bid to uncover who was behind a Liechtenstein-based foundation that US authorities have alleged was used for tax evasion. That is according to a...