Bermuda America’s Cup officially comes to an end

America’s Cup Bermuda Ltd has begun final windup proceedings after completing a final audit. The ACBDA, the administrative team for the showpiece sailing event that came to Bermuda last summer, said it has completed all its objectives and come in under budget. Chairman Peter Durhager, who noted many people predicted Bermuda would not meet the… Read More Bermuda America’s Cup officially comes to an end

Adventures in Paradise… A trip to Bermuda draws an odd call from the government

by Will Fitzgibbon | source Having said cheerio a few days earlier to Bermuda and its sparkling pink beaches, immaculate streets, potent rum Swizzle cocktails, colorful shorts and dark kneesocks, I was back at my grey desk in Washington grinding through some incorporation records and bank statements when the phone rang. Bermuda’s Department of Immigration… Read More Adventures in Paradise… A trip to Bermuda draws an odd call from the government

Protesters force closure of Bermuda’s House of Assembly

HAMILTON, Bermuda (CMC) — Bermuda’s House of Assembly remained closed yesterday after legislators were locked out by protesters who formed a human ring around the building in a continuing protest against government’s proposed Pathways to Status initiative. Politicians were due to debate the controversial bill but an estimated 1,500 protesters, who stayed in the House… Read More Protesters force closure of Bermuda’s House of Assembly

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

Bermuda Triangle: Where the wealthiest make money disappear

America’s wealthiest are saving billions in taxes by routing their money through Bermuda, according to a New York Times (NYT) investigation. Hedge fund magnates Daniel S Loeb, Louis Moore Bacon and Steven A Cohen are among those exploiting a financial loophole to save a fortune through a private tax system, write Noam Scheiber and Patricia… Read More Bermuda Triangle: Where the wealthiest make money disappear

Bermudian firm funnels money to Fracking Opposition Groups in US

Ever wonder where liberal protestors get their money? It’s an all too seldom reported story. Television stories create the illusion that liberal activism is a purely populist, purely egalitarian endeavor – lots of ordinary folks so riled up over an issue that they’ve momentarily abandoned their normal routine to march with a sign they just… Read More Bermudian firm funnels money to Fracking Opposition Groups in US