Log In

Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co, gave a talk on how the world’s wealthy elite can avoid paying taxes. His message was clear: You can help your clients move their fortu...

The inflation rate rose to 1.4 per cent in November according to the latest government statistics — but the rise in the cost of living was dampened by the continuing fall in electricity costs. Fuel and power sector costs plunged 11.3 per cent from No...

The Bermuda Monetary Authority’s (BMA) Marcelo Ramella has been appointed as chairman of the International Association of Insurance Supervisors’ (IAIS) Reinsurance Task Force. Dr Ramella is deputy director, policy and research, with the BMA. The BMA ...

International charity Oxfam has called for a clampdown on tax havens. A special report by the charity said that there had been an increase in rich individuals and companies using offshore jurisdictions “to avoid paying their fair share to society.” A...

With markets around the world taking a dive on Wednesday, it appeared to be an inauspicious day to be talking up investment opportunities. But at LOM’s lunch meeting to discuss emerging markets, the focus was on developments later this year — and fur...

Chalsey Symonds started a baking business for fun — and then she lost her job. Fortunately for her, she had a hit on her hands: a line of boozy desserts that were definitely not children-friendly. Clients gobbled up her ginger snap cupcakes infused w...

Bermuda’s lack of a minimum wage is causing impoverished residents to “leave in droves”, according to one exasperated waitress. Meanwhile, a healthcare worker said pay freezes in her profession, coupled with the rising cost of living, had created an ...

For the week ending January 15, 2016 For the first two weeks of the New Year, stocks are down around the world: the S&P Global 1200 Index was down 8.64 per cent; the S&P US 500 was down 8 per cent; whilst the Nasdaq was down 10.36 per cent. Last year...

Dear Sir, I believe this is a question most taxpayers are asking themselves: “What is financial assistance doing?” We have some people that are living off financial assistance. They drive round all day doing nothing. They dress in expensive shoes an...

The Progressive Labour Party has applauded the Bermuda Government for reversing a tax increase affecting senior landowners, but has questioned whether the initial hike was down to a legislative “error”, as claimed by finance minister Bob Richards. D...

The second of a ground-breaking course for would-be business owners is to start later this month. The Ice House entrepreneurship course, which lasts seven weeks, is designed to inspire a new generation of entrepreneurs. The first course ran last year...

The Bermuda Monetary Authority (BMA) last year registered 64 new insurers and reinsurers — one down on 2014. A total of 22 of the new companies are limited purpose insurers or captives, six up from the 16 registered the previous year. Shelby Weldon, ...