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Just three months into Government’s fiscal year, the costs of servicing the enormous public debt have totted up to more than $840 per Bermudian man, woman and child. The figure is calculated by dividing Government’s total debt servicing costs equally...

Shares of Bermuda-based bond insurer Assured Guaranty plunged more than 13 per cent in New York trading yesterday after Puerto Rico’s Governor described the island’s $72 billion debt as “unpayable”. Assured had $4.9 billion of par exposure to Puerto...

Finance Minister Bob Richards has met members of the European Union to address the Island’s inclusion in a tax-dodging “blacklist”. Speaking in the House of Assembly on Friday, Mr Richards said he had talks with representatives of the Organisation fo...

I probably don’t need to tell you that Greece has a debt problem. Actually, it’s better to call it a crisis. It now faces two very large and imminent debt payments: 2 billion euros due to the International Monetary Fund (“IMF”) within 30 days and by ...

The Baltic republic of Latvia has pulled Bermuda off its blacklist of uncooperative tax jurisdictions supplied to the European Commission. And the move means the Island has dropped below the ten-nation threshold for inclusion on the EU hitlist — lead...

An increase of nearly 10 per cent in health insurance premiums was the main driver of the cost of living rise in April. According to figure released by the Department of Statistics, the annual rate of inflation jumped to 1.8 per cent — the highest ra...

European bureaucrats yesterday backed off after a controversial hit list of “tax havens” that included Bermuda caused a storm of protest. The move came after the European Commission (EC) unveiled a 30-strong list of non-cooperative tax jurisdictions ...

A top international tax expert yesterday backed Bermuda in a row over the country’s inclusion on an EU blacklist — and said the Island should not have been included. Pascal Saint-Amans, director of the Organisation for Economic Cooperation and Develo...

A controversial Euro list of dodgy tax jurisdictions that included Bermuda has been dealt a blow after Poland said the Island should not have been included on its submission. The move came after the European Commission unveiled the 30-jurisdiction ‘b...

Finance Minister Bob Richards yesterday hit back after Bermuda was put on an EU blacklist as part of bid to crack down on multinational companies dodging tax. And he pledged to raise the problem with EU officials on a trip to Europe next week. Mr Ric...

Bermuda has been named by the European Union as a country that is not doing enough to crack down on tax avoidance. The Island was one of 30 countries on the list published by the EU’s executive Commission today. “These tax havens cover the five conti...