Managers of Wealth Offshore

Changes to UK inheritance tax laws could boost open market

Treasury analysis shows GST package would leave local households better off than income tax plan

Politicians are lining up alternatives, including a move led by Deputies Peter Roffey and former P&R President Peter Ferbrache to bring in the GST package that politicians rejected in February.

Corporate tax reform proposed over income tax rise

The island's senior political committee, Policy and Resources, has proposed a 2p in the pound hike in income tax for two years, which it said would ensure the future of its major projects portfolio.

Cryptocurrencies and digital assets holding strategies – tax considerations in Luxembourg

Cryptocurrencies introduce new concepts that challenge traditional tax norms.

Corporate income tax unlikely to affect Bermuda re/insurers

Bermuda is considered a reciprocal jurisdiction by the US National Association of Insurance Commissioners and has equivalency status under the European Union's Solvency II insurance capital regime.

Ultra wealthy to feel tax crunch on overseas gains

They added that some of the targeted Chinese had at least US$10 million (HK$78 million) in offshore assets

More than half of businesses concerned over increased taxation, survey shows

Both the Scottish and UK Governments will lay out their budgets in the next two months.

Less offshore secrecy is central to any boost from wealth taxes

A UK transparency levy would kick-start global efforts to make it harder to conceal business ownership and beneficiaries

KPMG launches 'global centre of excellence for island healthcare'

The centre will work with governments, regulators, payors, providers, non-government organisations and international development organisations across a wide range of island specific healthcare topics.

Taxing low value-added sectors

The resilience of our economy lies in its diversification

Tax havens continue to facilitate theft out of developing countries

We also reported that among the countries that vetoed the initial proposal in November 2023 – and lost to the majority who voted in favour of it – were the US, UK, and all EU member countries.

Bermuda's 15% corporate tax unlikely to impact re/insurance hub status – S&P

Bermuda's strong regulatory framework will retain re/insurance firms

Proposed income tax increases “won’t solve problems”

We need a more general tax reform.

IRS Whistleblowers' $74 Million Payout Shows Two Years of Reform

The IRS program for years has endured criticism about low payouts and rising process times.

P&R proposes temporary 2% income tax hike

The committee warned the affordability of its major projects portfolio would need to be reassessed if its budget was not approved by deputies.

Corporate tax will not affect island’s insurance standing

The 15 per cent tax will apply to multinational enterprises with revenues of €750 million (about $827 million) or more, with the first payments due to be made in 2025.

Labour-intensive, low productive sectors should pay higher taxes - Clyde Caruana

Minister floats idea to encourage economic shift to higher-value industries

Establishment of Bermuda’s Corporate Income Tax Agency

According to the Agency Act, the Agency is prohibited from issuing oral determinations and is not permitted to respond to oral requests for the same.

Government moves to quash false income tax rumours

This very important survey has been in progress since June, and is needed to update the Consumer Price Index and is not related in any way to the new Corporate Income Tax.

Additional taxation is not the answer to fix excessive spending

Additional taxation is certainly not the answer to try to fill what has become a bottomless pit of public spending ‘requirements’.