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Bermuda has a right to decide what is the appropriate tax system for the island and to make its own adjustments. Any changes to its tax system, which has been in place for 200 years, should be as a result of its own determinations rather than as a re...

A proposed shake-up of the global tax system has the potential to create big insurance industry issues. How that might happen, and the impact it could have on captives and large reinsurance companies in Bermuda, was discussed at the Bermuda Captive C...

Further amendments to the island’s economic substance regime were approved yesterday as the island worked to avoid a return to the EU’s blacklist. Curtis Dickinson, the Minister of Finance, said the Economic Substance Amendment Act 2021 was designed ...

Bermuda has lived for decades with the spectre of foreign governments shattering the economy with the stroke of a pen. Changing a few words in a tax code could cause immeasurable harm to international businesses, which has as one of its cornerstones...

President Joe Biden might have persuaded some of the world's largest economies to hike taxes on corporations, but the US Congress could be a far tougher sell. White House press secretary Jen Psaki said on Friday that leaders of the Group of Seven — ...

Bermuda has responded after seven of the biggest economies in the world issued an accord supporting the outlines of a new global tax system, and a commitment to a minimum corporate tax rate of at least 15 per cent. More details are needed before the ...

Curtis Dickinson, Minister of Finance, has responded to a statement from the finance ministers of the Group of Seven nations in which they committed to a global minimum corporate tax rate of at least 15 per cent on a country by country basis. The G7 ...

LONDON (AP) — The Group of Seven wealthy democracies agreed today to support a global minimum corporate tax rate of at least 15 per cent in order to deter multinational companies from avoiding taxes by stashing profits in low-rate countries. G-7 fin...

A Microsoft subsidiary registered in Ireland made a profit of $314 billion in the fiscal year that ended June 2020, but did not pay any tax as it is tax resident in Bermuda. Microsoft Round Island One has no employees, other than three directors. Its...

US president Joe Biden’s branding of Bermuda as a tax haven was “unfortunate as much as it was untrue”, the finance minister has said. Mr Biden has mentioned the island’s status as a low tax jurisdiction several times since he took office earlier thi...

Dear Sir, As we enter Phase 2, I feel we must return to the topic of Bermuda’s unsustainable tax and spending imbalances. We face difficult choices from an internal perspective as well as rising external pressures. There will always being a reason t...

Companies in the insurance industry are keeping an eye on potential tax developments after US President Joe Biden's speech to a joint session of Congress, where he spoke about reforming corporate tax. Mr Biden's administration is in favour of a US gl...