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The Florida State Senate has signalled its opposition to US plans to levy more tax from Bermuda reinsurers. The memorial passed by the legislature in the Sunshine State puts on record its opposition to plans in US President Barack Obama’s budget to a...

Premier Paula Cox and Governor Sir Richard Gozney will team up to spearhead efforts to attract British investors next month when they attend the annual Bermuda Financial Services Conference in London. The event, which is organised by Business Bermuda...

LONDON (Reuters) Stronger tax revenues helped Britain to a bigger-than-expected budget surplus last month, raising the possibility the government might borrow less than planned in the 2010/11 fiscal year. However, there is a strong chance Chancellor ...

TOKYO (Reuters) Moody’s Investors Service warned yesterday that it may cut Japan’s sovereign rating if government policies fall short of comprehensive tax reform needed to bring ballooning public debt under control. The ratings agency said Japan, whe...

Retailers saw their sales fall by 3.2 percent in December - their most important month of the year - compared to 2009. After inflation was taken into account, retail sales volume fell 5.6 percent in the traditional peak shopping month, figures releas...

US President Barack Obama today proposed a move that would increase the American tax paid by some Bermuda-based reinsurers and clamp down on multinational companies using offshore entities for “earnings stripping”. The moves were outlined in the Pres...

Consumers paid 2.7 percent more for goods and services in December than they did a year before. The annual inflation rate climbed 0.4 of a percentage point from 2.3 percent in November. The Consumer Price Index (CPI), released yesterday by the Depart...

A deposit insurance scheme to protect customers' money in the bank is set to be introduced in 2012, the Bermuda Monetary Authority's (BMA) CEO Jeremy Cox revealed yesterday. Mr Cox, who was launching the BMA's 2011 business plan to key stakeholders i...