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Repeal of the Bermuda tax reform as the general service tax got denied
...er. It is planned to balance these taxes and, if needed, add more. Also, the Payroll Tax Act is planned to be updated on the matter of undeclared income. The government plans to add more criteria to identify undeclared incomes and to decrease it. worldwide business community challenged Bermuda in various matters. First, Caribbean Financial Action Task Force assessment of Bermuda's anti-money la...
Path: BlogEstablishing an Offshore Business: An Overview
...pular belief, are not just utilized for illegal purposes such as tax avoidance and money laundering. Many multinational corporations continue to use offshore company structures to gain legal advantages such as tax optimization, asset protection, and worldwide business expansion. When set up correctly, an offshore corporation might be the best option for companies looking to grow globally while st...
Path: Blog