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Bermuda Tax Advantage Safe For Now: Fitch

The rating agency presented its conclusion--along with the finding that Bermuda insurers have paid income taxes at a rate roughly 15 points lower than the rate for U.S. companies--in a just-published re

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Bermuda’s advantage as a tax haven is the biggest factor that makes it large on the insurance map, and it’s likely to stay in place for now, analysts at Fitch Ratings said yesterday.

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