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Nickelback is one of my favourite rock bands. A group of guys from Hanna, Alberta, Canada who have created a number of great hits. One of my favourites is Rock Star. After listening to the tune I couldn’t help but think of central bankers. That’s ri...

A seminar to help would-be entrepreneurs get access to finance is to be held this month. The Bermuda Economic Development Corporation discussion on accessing alternative finance will focus on non-bank sources of funding for small and medium businesse...

The revelations about offshore accounts contained in the so-called Panama Papers are sensational, but they are unlikely to put an end to these tax havens favoured by the world’s rich and powerful. Rather, the disclosures are a reminder that these she...

Bermuda is to share its register of ownership of companies with the UK’s National Crime Agency. Michael Dunkley, the Premier, said Bermuda already shares information on beneficial ownership with Britain’s tax authorities within 24 hours of a request ...

British parliamentarians have come under further fire over offshore assets after a Tory party official admitted having assets in Bermuda. In an article published online yesterday, The Sun reported that 12 senior Tory officials had put their assets in...

Churches should be registered charities to ensure they are held strictly accountable for the funds that they raise and tax exemptions they are subject to. This is the view of lawyer Mark Diel who has weighed into an ongoing debate over whether churc...

Taxpayers are now able to use Visa, MasterCard and American Express to pay payroll tax through the e-tax system. “The Office of the Tax Commissioner advises that the e-tax system has been enhanced to enable taxpayers to use their Visa, MasterCard an...

Bermuda was once more caught up in an indiscriminate hail of fire loosely aimed at offshore financial centres this week after the global coverage of tax avoidance by wealthy people known as the Panama Papers. Bermuda was not mentioned in the stories ...

The president of Bermuda Bar Association said yesterday that ensuring clients complied with tax obligations in their home countries was “probably not a matter” for the island’s corporate lawyers. In the wake of the massive Panama Papers data leak, Ri...

Smokers have to dig deeper into their pockets after the cost of brand-name cigarettes went up this week. Responding to the price increase, some members of the public speaking to The Royal Gazette said it may act as a deterrent — but others insisted i...

Finance minister Bob Richards insisted yesterday that Britain could not “unilaterally tear up Bermuda’s constitution” and impose direct rule on the island to make it obey UK tax law. He told The Royal Gazette that a suggestion from British Labour Par...

The widow of assassinated Bermuda Governor Sir Richard Sharples has been named in a leak of confidential bank documents. The details of Baroness Pamela Sharples’s business dealings were among the “Panama Papers” — 11 million documents leaked from the...