Managers of Wealth Offshore

Bermuda tax benefit lifts Chubb to record profits

For the full year, net income and core operating income were $9.03 billion and $9.34 billion, respectively, up 72.1 per cent and 45.2 per cent, and included the tax benefit.

Tax havens could lose 30% of tax base under GMT

By implementing the GMT, a jurisdiction can claim the minimum tax on profit in that jurisdiction.

Axis strengthens prior year reserves by $425m

The company said the strengthening was attributable to both its insurance and reinsurance segments in liability lines and professional lines predominantly related to 2019 and older accident years.

Benefits of Bermuda domicile will endure despite corporate tax

Fitch said the tax was in response to the 15 per cent global minimum tax rate under Pillar Two of the OECD Global Anti-Base Erosion Rules introduced in 2021.

Tax-free COLA ‘more effective’ way to mitigate inflation – employers

Chamber of SMEs says it was unfair to single out the food sector

Senior accountant urges government caution amidst growing taxation concerns

Both the Bahamas Chamber of Commerce and Employers Confederation and the Bahamas Institute of Chartered Accountants have urged the government to push back the April 2024 deadline for that requirement another 12 months.

‘No reason to panic yet’ on 91% deficit

Pointing out that the cyclical nature of the Government’s revenues makes it impossible to estimate the full-year Budget outcome on just a few months’ data

TMF Group expands its presence in Romania with Contexpert acquisition

The acquisition marks another milestone for TMF Group

Audit or independent examination?

This has inevitable implications for the costs of the work and therefore the fees charged to the charity.

Consultation on new Sark taxes approved

Proposals to change the rates of personal tax will be part of the consultation.

Bermuda gazettes Corporate Income Tax Act

The Government has introduced certain tax credits to support Bermuda’s economic goals and maintain the global attractiveness of the jurisdiction.

The UN’s new role in international tax cooperation

While it is not immediately obvious how the UN would be more adept at creating a new international tax framework, it appears inevitable that negotiations will shift to the global intergovernmental organisation.

Luxembourg: new VAT rules on directors' fees

To address these two core questions concerning the VAT Directive's interpretation, the CJEU provided the following reasoning.

Cayman shuns minimum tax, grows reinsurance

This allows reinsurers to adopt bespoke capital models that are more proportionate to their specific business, while still meeting minimum capital requirements.”

Pamphlet promoting Bermuda in Middle East costs $60,000

The cost for the publication is allocated for under the Economic Development Department’s budget.

Hayward: more tax cuts possible

Mr Hayward said that economic expansion was a direct result of increased household and government expenditure, along with business investment.

Bermuda Parliament passes corporate income tax

The tax is being introduced after the OECD agreed to impose a global 15% minimum tax

BDO Jersey and C5 Alliance win at WealthBriefing Channel Islands Awards 2023

This proximity is core to our service delivery, enabling us to deliver a unique partnership approach and value-add service that our clients have come to value and benefit from.

Corporate income tax given green light by senators

“We believe the right policy would be for the Government to ring-fence these proceeds in law.”

MPs to debate corporate income tax today

Bermuda continues to be recognized for its commitment to global compliance and transparency