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A judge has ruled in favour of a lawyer who sued The Royal Gazette after it reported on the work he did in Bermuda for an American billionaire accused of tax evasion. Puisne Judge Larry Mussenden ordered the newspaper not to publish anything containe...

Congressional Republicans are claiming that US President Joe Biden’s promises over the global tax initiative amount to “global tax surrender”, creating higher taxes, fewer jobs for Americans and a windfall for foreign competitors. They say the Biden ...

The multilateral agreement to establish a global minimum tax is expected to have a negative effect on Bermuda, according to a leading ratings agency. In a review of the eight reinsurers followed by Fitch Ratings, the agency states that Bermuda’s adva...

Payroll tax and corporate service tax returns for the fourth quarter of 2021 were due by the close of business on Friday, Government has reminded taxpayers. Hotel occupancy tax returns for the month ending December 31 are also due on or before today,...

The UK government has begun public consultation seeking views on how a worldwide 15 per cent minimum corporation tax should be domestically implemented. The consultation seeks views on the application of the global minimum corporation tax in the UK, ...

The OECD’s effort to push through the controversial global minimum tax model rules may come to an abrupt halt, after the world body received a warning that the rules are not expected to work as intended. The OECD (Organisation of Economic Co-operatio...

The Ministry of Finance has launched legal action against a former One Bermuda Alliance MP and his landscaping company over allegations of unpaid taxes. The Attorney-General’s Chambers filed a writ against Jeff Sousa, his Sousa’s Landscape Management...

Bermudians need not fear the future for its insurance markets in the face of the global tax initiative, said the man heading the transformation of Lloyd’s of London. He is determined to make Lloyd’s and London the centre of the insurance world and se...

A luxury hotel will be given another five years of tax breaks after MPs approved the deal in the House of Assembly. The Loren at Pink Beach could save up to $3.25 million in occupancy and payroll tax payments through the extension, first granted in 2...

WASHINGTON – Senior officials at the US Treasury Department have expressed reservations about the new minimum tax on large corporations proposed as part of President Joe Biden's Build Back Better agenda, according to two people with direct knowledge ...

Patrick Tannock, the chairman of the Association of Bermuda International Companies, this week issued a call to arms to the Bermuda community. Mr Tannock, also chief executive officer of Bermuda’s AXA XL insurance operations, warned that the island ...

A luxury hotel property could receive another five years of tax breaks. The Loren at Pink Beach – which opened its doors in 2017 – was granted concessions for five years from its opening date through the Hotels Concession (Pink Beach Hotel) Order 201...