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Some Bermuda reinsurers may consider changing tax domicile if the US enacts the tax cuts proposed by Donald Trump in his presidential election campaign. That is the view of analysts at Standard & Poor’s Global Ratings, whose new report on the island...

As the year progresses the Internal Revenue Service continues to provide taxpayers with updates on expiring legislation that was renewed as well as deductions indexed for inflation. Recent updates follow. FBAR: new filing deadline The new annual due ...

Strong comments by finance minister Bob Richards in The Guardian newspaper were “right on” in defending Bermuda’s reputation, Michael Dunkley said, adding that he had discussed the interview with Mr Richards. “We are here together, so we had a genera...

The rate of inflation dropped slightly last December to 1.6 per cent, 0.1 percentage points down from November. The price change refers to the standard basket of goods and services measured by the consumer price index compared to the same period in 2...

Bob Richards, the Minister of Finance, yesterday blasted Britain over its hypocrisy on tax. Mr Richards said the UK’s bid to get Overseas Territories to establish public registers of ownership in offshore companies would damage the island. And he add...

Bermuda’s finance minister Bob Richards has fired a broadside at the UK’s hypocrisy over tax legislation. Speaking to The Guardian newspaper, Mr Richards blasted Britain’s bid to have its Overseas Territories establish public registers of the owners ...

Online entrepreneur Natasha Tucker is to turn to crowdfunding to expand her established British green fashion site. Ms Tucker, Bermudian but based in London, set up Reve en Vert — Dream in Green — around four years ago. Now she wants to grow the busi...

A sharp increase in tourism revenues helped to support Bermuda’s current account surplus in the third quarter of last year, even as reinsurance receipts fell. The island recorded a surplus of $208 million in the July through September period, narrowi...

Inflation fell to 1.7 per cent in November, down from 2.1 per cent the previous month. A near 7 per cent decrease in the fuel adjustment rate, and lower cost of airfares and overseas accommodations were factors in the lower inflation figure. The aver...

I read virtually everything Howard Marks writes. In fact, if I see one of his articles, memos or interviews I stop virtually everything I’m doing and dive straight in. I’m starting this year’s “surprise forecasts” article with a series of quotes that...

Dear Sir, OK, I admit it: I’m old-fashioned and not very tech-savvy. I don’t do Facebook, Twitter, Instagram, etc, and as far as I know, Amazon is a river in South America. But I do love to shop — both for myself and for others. I do all my shopping ...

Business leaders and the legal world warned that the island faces a period of “unprecedented uncertainty” as Donald Trump takes over as US president tomorrow amid campaign pledges of tax cuts and protectionism. One senior reinsurance figure said: “Th...