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Delinquent employers face prosecution over nearly $90 million in unpaid social insurance and payroll tax. The announcement was made today in a joint statement by tax commissioner Lucia Peniston, Department of Social Insurance director Karen Daniels a...

Bermuda has reportedly avoided being placed on an European Union blacklist after Britain blocked a French-led proposal that would have automatically branded the island a tax haven. Territories with a zero per cent corporate tax rate, such as Bermuda ...

Global Entrepreneurship Week 2016 was officially proclaimed by the Minister of Economic Development at a special event at City Hall yesterday afternoon. “For Global Entrepreneurship Week 2016, the Bermuda host committee aims to encourage Bermuda’s yo...

Expect inflation and interest rates to climb in the US against the backdrop of a rising tide of support for far-right, populist parties in Europe. That is the outlook of Azad Zangana, senior European economist and strategist at London-based investmen...

With the US election in the rear view mirror, investors are looking ahead to the December Fed meeting where futures markets suggest another rate hike. The likelihood of a rate increase on top of the Republican party sweep has recently tumbled the pri...

The Bermuda Monetary Authority registered a total of four new insurance companies last month. Zurich Management (Bermuda), Kuvare Life Re, Offshore Reinsurer (Bermuda) and Windhaven Insurance all joined the BMA register. The year to October showed a ...

Once again Global Entrepreneurship Week is upon us and the Bermuda Economic Development Corporation is pleased to have so many events that we had to spill out into the whole month. With a team so enthusiastic about supporting and celebrating entrepre...

Canadians in Bermuda have been offered a free seminar to get help with tax and pension planning. The information session on December 1 will cover topics such as Canadian residency for tax purposes, retirement planning for expatriates and Bermudians r...

US tax reform has become much more likely after the Republicans won control of all three arms of government in Tuesday’s elections — and that could have consequences for Bermuda’s international business sector. That was one of the early takes from th...

In May 2016 AFL Investments sponsored an International Tax and Planning Seminar for Bermuda Nationals who own US investments, vacation homes and rental property in the US. The sessions were chaired by Joel Schaefer, chief executive officer of AFL Inv...

Be prepared for a period of stagflation in the US, a Wall Street veteran warned an audience of asset management professionals in Southampton yesterday. Joesph McAlinden said inflationary pressures in the US are building up and this is likely to lead ...

Madison Brewer has always had an eye for enterprise. Her first “successful” idea came at 19 when she created Wayfarer-style sunglasses in Cup Match colours. She sold 1,500 pairs over two summers. Last month, she started selling custom glassware under...