Tag: World News
S&P Revises Outlook On United States To Stable
Today [June 10] Standard & Poor’s affirmed its ‘AA+’ long-term and ‘A-1+’ short-term unsolicited sovereign credit ratings on the United States of America, and revised the outlook on the long-term rating to stable from negative. In their report the ratings service said, “We are revising the rating outlook to stable... Read more of this article
Cameron Invites Territories To Pre-G8 Meeting
British Prime Minister David Cameron has asked senior ministers of ten overseas territories and crown dependencies – including Bermuda – to London on the eve of this month’s summit meeting of the eight largest industrialised nations to sign an international agreement to share tax information. Britain’s “Guardian” newspaper reported that... Read more of this article
Cayman Islands Election: PPM Win 9/18 Seats
The Cayman Islands People’s Progressive Movement [PPM] has won nine of 18 seats, one short of a majority needed to control the legislature, the Associated Press is reporting. Five independent candidates won seats, while former Premier McKeeva Bush’s United Democratic Party won four seats. Mr Bush is presently facing corruption charges. Media reports... Read more of this article
Turks & Caicos Civil Recovery Up To $19.5 Million
The Turks and Caicos Islands [TCI] civil recovery programme began in December 2009 to regain the assets of the TCI taxpayer that were obtained improperly, and it has now risen to $19.5m, with land recoveries now at 2,508 acres. In 2008 the British Overseas Territory’s administration was suspended and power was transferred to the UK-appointed Governor... Read more of this article
Google’s Schmidt On Bermuda Tax Arrangement
Google’s executive chairman Eric Schmidt yesterday [May 22] denied there was anything ”unethical” about the Internet search giant’s tax operations — which see most of its UK profits channelled to Bermuda — and argued it was up to governments to create unambiguous laws and regulations and for businesses to abide... Read more of this article
Premier Sends Condolences To Oklahoma
Premier Craig Cannonier contacted the Governor of Oklahoma and expressed Bermuda’s condolences following yesterday’s [May 20] devastating tornado. At least 24 people — including nine children — were killed when a massive tornado struck an area outside Oklahoma City on Monday afternoon, CNN reported. The tornado was estimated to... Read more of this article
OECD: “Tax Havens Need To Be Neutralised”
International leaders are moving closer to taking action on corporate tax avoidance – prompted in part by Google’s use of use of Ireland and the Netherlands to shift billions of dollars of earnings to Bermuda — despite challenges, a top official at the Organisation for Economic Co-operation and Development [OECD] said on Wednesday... Read more of this article
Thatcher Funeral Service Is Held In London
A horse-drawn gun carriage bore the coffin of former British Prime Minister Margaret Thatcher to London’s St. Paul’s Cathedral today [Apr. 17] for a ceremonial funeral marked by military pageantry — 700 soldiers, sailors and air force personnel lined the route — and heightened security. Around 4,000 police officers were on duty in... Read more of this article
Former Mexican President Speaks In Bermuda
[Updated with videos] Former Mexican President Felipe Calderón served as keynote speaker at the 2013 Capital G Private Wealth Conference which got underway today [Apr 11] the Fairmont Southampton. President Calderón served as the 56th President of Mexico from December 2006 – November 2012.President Calderon thanked everyone at Capital G for inviting... Read more of this article
Margaret Thatcher: Condolence Book Available
Government House noted that the funeral for former British Prime Minister Margaret Thatcher has now been set for next Wednesday [Apr 17], and said a Condolence Book will be available for signature at Government House until that date. The longest-serving British Prime Minister of the 20th century and the only woman to have held the office, Margaret Thatcher... Read more of this article
