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Bermuda is “the world’s worst corporate tax haven”, according to a report due to be released today by Oxfam. The global charity found that US multinational companies reported $80 billion in profits in Bermuda in 2012 — more than their profits reporte...

Senator Kim Wilkerson, the Shadow Minister of Economic Development, has described Oxfam’s assertion that Bermuda is the worst corporate tax haven in the world as “extremely disappointing”. The Progressive Labour Party MP said her party supported the ...

Delinquent employers face prosecution over nearly $90 million in unpaid social insurance and payroll tax. The announcement was made today in a joint statement by tax commissioner Lucia Peniston, Department of Social Insurance director Karen Daniels a...

Bermuda has reportedly avoided being placed on an European Union blacklist after Britain blocked a French-led proposal that would have automatically branded the island a tax haven. Territories with a zero per cent corporate tax rate, such as Bermuda ...

Canadians in Bermuda have been offered a free seminar to get help with tax and pension planning. The information session on December 1 will cover topics such as Canadian residency for tax purposes, retirement planning for expatriates and Bermudians r...

US tax reform has become much more likely after the Republicans won control of all three arms of government in Tuesday’s elections — and that could have consequences for Bermuda’s international business sector. That was one of the early takes from th...

In May 2016 AFL Investments sponsored an International Tax and Planning Seminar for Bermuda Nationals who own US investments, vacation homes and rental property in the US. The sessions were chaired by Joel Schaefer, chief executive officer of AFL Inv...

In May 2016 AFL Investments sponsored an International Tax and Planning Seminar for Bermuda Nationals who own US investments, vacation homes and rental property in the US. The sessions were chaired by Joel Schaefer, chief executive officer of AFL Inv...

Sneakers were cited as evidence to prove Bermuda is a tax haven in a report aimed at highlighting the use of offshore companies by major firms. The bizarre claim came in Offshore Shell Games, a report of the offshore activities of Fortune 500 compani...

Apple’s huge cash hoard is very tempting. Especially for governments which are unable to control their ever escalating public debts and spiralling entitlement deficits. The recent case where the EU decided that Apple had received illegal state aid fr...

A proposed levy dubbed the general services tax will not come into effect for the next fiscal year starting April 2017, according to Bob Richards, the Minister of Finance. While he was not prepared to divulge new details on the 5 per cent charge put ...

By ordering Apple to pay $14.5 billion (13 billion euros) in back taxes to Ireland, the European Union has created a somewhat farcical situation. Ireland doesn’t want the money, which amounts to more than four months’ tax revenue for the small nation...