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Broad-based tax increases were among the key recommendations of an independent report on the Bermuda’s Government’s efforts to stabilise its finances. The Fiscal Responsibility Panel (FRP), made up of three overseas experts, suggested that the Govern...

It is no secret that Bermuda is living with a huge public debt that continues to get bigger every year. The gravity of the situation for all Bermudians should not be underestimated. The Bermuda Government’s gross outstanding debt stands at $2.25 bill...

Vanessa Henderson’s work-life balance was off. She was overweight and, because she was burnt out from long hours on the job, unable to enjoy all the great things that had lured her to the Big Apple. Two years ago she made a conscious decision to swi...

For the week ending December 4, 2015 The interplay of markets and central bank agendas created volatile moves in all financial assets during the week, both on the upside and downside, as market expectations were not met. On Thursday, Mario Draghi, th...

A new advisory body set up to help Bermuda safeguard its economy from systemic risks met for the first time yesterday. The Financial Policy Council (FPC) will aim to monitor areas of potential financial systemic risk, recommend moves to strengthen re...

An influential UK newspaper has called for Britain to force its Overseas Territories to create a public register of owners of companies. Chris Blackhurst, the group content director of a four-newspaper stable, writing in the London Evening Standard, ...

Bermuda has been linked to a tax row in Botswana involving Ian Khama, the country’s president. It is claimed that the multi-national Wilderness Safaris Group, which operates across southern Africa and includes Mr Khama as an investor, has used a subs...

With Thanksgiving in the rear-view mirror and the Christmas shopping frenzy in full swing, year-end tax-planning takes a back seat to these joyful occasions. Some common year-end tax-saving strategies that a US citizen should consider following. Annu...

Week ending November 27, 2015 All eyes are on the Fed so the slew of US economic data that came out last week takes on considerable importance with respect to whether the Fed raises short-term interest rates or not. Third-quarter GDP was revised to...

Almost three years after Bermuda Air Medivac shut down, a Smith’s-based entrepreneur is looking to establish a new air ambulance service for the Island. “People don’t know this service is needed until they need it,” said Gilbert “Artie” Darrell, a f...

Tax authorities in Britain will be given new powers to demand personal financial details from Bermuda. The Island is one of 90 countries that will begin to share the financial details of British residents with HM Revenue & Customs (HMRC) from January...

Anyone who is an entrepreneur, or would like to become one, is invited to join the second StartUp Weekend to be held in Bermuda. The Bermuda Government-sponsored e-commerce initiative aims to promote the ideas of promising business leaders. It starts...