Bermuda’s tax perks for reinsurers under threat from OECD reform: Fitch
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Bermuda’s tax perks for reinsurers under threat from OECD reform: Fitch

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Bermuda’s advantageous tax status for (re)insurers will be reduced at the margins if a recent multilateral agreement to create a 15% global minimum tax rate goes ahead as planned, Fitch Ratings has warned.

The second pillar of the Organisation for Economic Co-operation and Development’s inclusive framework on base erosion and profit shifting (BEPS) will mean the net profitability gap between Bermuda and other jurisdictions will narrow over time, the agency said, although...

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