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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...

As the 2014 tax filing season progresses we are finding that clients are confused as to what information must appear on FinCEN Form 114 Report of Foreign Bank and Financial Accounts and what information must appear on Form 8938 Statement of Specified...

Bermuda is listed as 14th in a survey of the world’s biggest tax havens, by a US activist non-profit organisation. The Global Citizen organisation placed the Island just ahead of Guernsey in the Channel Islands to round its 15-strong list — well behi...

Italy has taken Bermuda off a tax blacklist. The Island has been removed from an Italian hit list of jurisdictions after Economy and Finance Minister Pier Carlo Padoan axed a provision in the country’s tax laws on jurisdictions “should not have a pri...

The UK is to introduce a new tax designed to crack down on firms like Google who channel cash through subsidiaries to avoid tax. Now Google — which came under fire last year for funnelling billions to Bermuda — and other firms will be subject to a ne...

The annual ordeal by tedium that is the Parliamentary Budget debate is now behind us. As usual, there was much in the way of grandstanding, sub-Gilbert & Sullivan political slapstick and contrived emoting. But precious little was heard about practic...

A top insurance industry boss believes that a tax on company profits is inevitable — and would be in the long-term interests of the Island’s people and its economy. John Charman, the chairman and chief executive officer of Bermuda-based Endurance Spe...