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Bermuda and other international financial centres are “routinely attacked and demonised” in Europe, according to Bermuda’s top financial regulator. Jeremy Cox, chief executive officer of the Bermuda Monetary Authority, said in opening remarks in the ...

Two years ago Teena Nicole Tyrrell was without a job. She tried to find work but couldn’t — and so she got creative. The 48-year-old recently started her own accessory design business. T’Nicole Designs makes everything from men’s bow ties, ladies’...

NEW YORK (Bloomberg) — Meredith Whitney won an early victory in her battle to save her hedge fund as a judge said investor payments can resume while billionaire Michael Platt seeks to recoup his stake. Platt’s BlueCrest Capital Opportunities Ltd, the...

Bermuda is exploring ideas on how to broaden its tax base — and is working with an organisation which has helped several Caribbean islands to introduce value-added tax (VAT). Finance Minister Bob Richards said in the Budget statement last Friday that...

Britain would hammer financial services professionals who help clients avoid tax under a new law, a Liberal Democrat Treasury Minister said yesterday. UK Treasury Minister Danny Alexander said there should be a new offence of “corporate failure to av...

The Bermuda Government will have to borrow another $125 million in the next fiscal year, adding to its $2 billion-plus of outstanding debts. Of the $800 million that the Government borrowed less than two years ago to see it through multiple years of...

Bermuda’s economy will be strong enough to withstand new tax increases, Finance Minister Bob Richards claimed as he read his Budget Statement to the House of Assembly yesterday. Mr Richards announced a host of hikes, including the scaling back of con...

Bermuda is likely to emerge from recession this year, according to projections by the Ministry of Finance. Analysts from the Ministry estimate that the economy will grow by up to 1.5 per cent next year. In the outlook section of The National Economic...

NEW YORK (Bloomberg) — The biggest investor in Meredith Whitney’s hedge fund moved a lawsuit seeking to recoup its $46 million stake to New York from Bermuda, where it was originally filed last year. BlueCrest Capital Opportunities Ltd, a fund connec...

A US tax pressure group yesterday warned that President Obama’s budget proposals to end tax deductions for reinsurance payments to affiliated foreign companies and on overseas earnings would cost America more than three times what it would raise. The...

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