Comments on: BDA Rebut Report Calling Bermuda A Tax Haven

By: Bermudian Insurance Professional

Bermudian Insurance Professional — Mon, 12 Dec 2016 19:08:01 +0000

No no no no! Bermuda is NOT a tax haven. Bermuda is a LOW tax environment. Everyone forgets everything that is brought into the island has a duty amount. TAX. Businesses pay tax to the government or BMA to operate, albeit a lower tax than any US jurisdiction. TAX. Employees pay payroll and pension taxes with every paycheck. TAX.

All your doing by calling us a tax is haven is adding more fuel to the fire!

By: Jus' Wonderin'

Jus' Wonderin' — Mon, 12 Dec 2016 16:03:51 +0000

I blame You

By: hmmm

hmmm — Mon, 12 Dec 2016 15:15:46 +0000

I don’t think your extreme reaction of Independence is warranted just because of some clearly uninformed narrow focus opinion from someone at Oxfam.

By: hmmm

hmmm — Mon, 12 Dec 2016 15:09:30 +0000

The insurance industry speed to market to take advantage of opportunities is a key reason why many companies set up here.

With solvency II equivalence and a robust and efficient regulatory framework is another reason to come here or stay here.

Let’s not try and blame it all on tax… Bermuda Insurance based Companies pay US taxes and UK taxes on their Income from those countries. they generally pay a withholding tax or equivalent if they want to distribute money back to Bermuda too.

By: serengeti

serengeti — Mon, 12 Dec 2016 15:00:17 +0000

clueless

By: serengeti

serengeti — Mon, 12 Dec 2016 13:53:36 +0000

Betty has a lot to answer for.

By: reddamtibi

reddamtibi — Mon, 12 Dec 2016 12:42:20 +0000

Fark the political correctness! We should say it loud and proud! WE ARE A TAX HAVEN AND ARE OPEN FOR BUSINESS!! – because it is true…

By: SpinCycle

SpinCycle — Mon, 12 Dec 2016 12:24:46 +0000

Looks like it might be time for independence after all…What Bermuda’s business community does is perfectly legal by international standards, as such it appears to simply be a case of Britain wants some of what we got. Hands off! Might want to start investigating Oxfam for its financial practices as is often the case with unfounded allegations!

By: Onion Juice

Onion Juice — Mon, 12 Dec 2016 11:09:10 +0000

I blame Trump.

By: Kathy

Kathy — Mon, 12 Dec 2016 11:00:58 +0000

Let’s face it! There is no denying it. We ARE a tax haven, whether we like it or not!

Maybe we should just be proud of that fact and get on with it instead of trying to rosy everything up with numbers of jobs around the world!

What is the number one reason they are all here in Bermuda? They DON’T want to pay taxes elsewhere…!

By: swing voter

swing voter — Mon, 12 Dec 2016 10:58:26 +0000

just thinking how little conversation is generated by this story. I know where our perceived ‘wealth’ comes from. But so many of us think ‘deh govment’ pays our salary, pension, social assistance. Some of even think its okay to walk of the job and protest against whatever we don’t like, and still expect ‘deh govment’ to pay regardless of our behavior, that CBA don’t matter. Bermudians better wake up

By: Comfortably numb

Comfortably numb — Mon, 12 Dec 2016 02:48:18 +0000

Oxfam could stand a little scrutiny of its own: like many charities, the percentage of donations that actually makes it to the field where it is needed is relatively small. Far too much is eaten up ( no pun intended) by “administrative costs” and executive salaries.

By: Good luck

Good luck — Mon, 12 Dec 2016 00:23:28 +0000

Are you sure they didn’t call us a Banana Republic?

By: Fly it

Fly it — Mon, 12 Dec 2016 00:22:33 +0000

Maybe we just need to come up with a name for companies that put there Headquarters here so that they don’t have to pay big Taxes in their own countries. Let’s just call it the Bermuda Getaway.