Bermuda plans tax and fee hikes with a wary eye on US

A tax reform proposal from Bermuda Finance Minister Bob Richards
calls for a 2.5 percent levy on local non-health insurers, along
with increases in other areas such as customs duties and permit
fees applied to some international financial firms.
The plan calls for a more than 12-fold increase in annual permit
fees charged to what are sometimes referred to as "overseas
companies" classed as "investment/holding/trading"
firms. The fee would jump from $1,995 to $25,000.
Bermuda anticipates collecti