Tag: Bermuda

Storm Fiona slams eastern Canada, knocking out power and ripping off roofs

Montreal, Canada (AFP) by Mathiew LEISER Powerful storm Fiona lashed into eastern Canada on Saturday, cutting power to thousands and washing houses into the sea as it pummeled the area with fierce winds and rains “like nothing we’ve ever seen,” police said. Two women were swept into the ocean in Newfoundland, the Royal Canadian Mounted Police said. One was rescued, and investigators were looking into the second case. Mayor Brian Button of Channel-Port aux Basques, […]

Hurricane Fiona heads toward Bermuda, US advises citizens to defer travel

SAN JUAN, Puerto Rico (AFP) — Hurricane Fiona churned toward Bermuda as a powerful Category 4 storm on Wednesday as Puerto Rico struggled to restore power and water after receving a crushing blow. The US National Hurricane Center (NHC) said Fiona was expected to approach Bermuda, a British territory of some 64,000 people, late on Thursday. In Washington, the State Department advised Americans to reconsider travel to Bermuda and authorized family members of US government […]

Google moved 16 bn euros to Bermuda to avoid tax: Bloomberg

THE HAGUE, Netherlands (AFP) — Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving it billions of dollars in taxes that year, Bloomberg reported on Wednesday, quoting regulatory filings in the Netherlands. Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich”, to shield the majority of its international profits from taxation, Bloomberg reported. “The setup involves shifting revenue from one Irish subsidiary to a Dutch […]