Moody’s: ‘Fiscal Consolidation Efforts Bear Fruit’

Moody’s issued a credit report on Bermuda, Minister of Finance Bob Richards said in the House of Assembly today [Feb 26], with the report noting that the ”Government’s success in reducing the budget deficit reflects its increased efforts to maintain fiscal discipline and a moderate economic rebound that took hold in 2015 following a six year… Read More Moody’s: ‘Fiscal Consolidation Efforts Bear Fruit’

Post box 666 in Bermuda receives Google profits worth £8 BILLION a year

Google has no office, no staff and little more than a plain PO Box numbered ‘666’ on the sunny Caribbean Island of Bermuda.  [Umm..  Ok, Caribbean, sure.] But it still sends £8billion in profits a year to the island – which happens to have a 0 per cent corporation tax rate. Google’s communications chief Peter… Read More Post box 666 in Bermuda receives Google profits worth £8 BILLION a year