In the final part of this series, we return to where we began with the Premier and his austerity budget. Austerity budgets and economic recoveries are contradictions in terms — budgets that rely solel...
So what can we learn from Bermuda’s 2018 tax reform debacle? Three perennial problems for the island are underscored by these unfortunate events. The first is Bermuda’s lack of competent policymakers ...
Beneath all the smoke and mirrors of David Burt’s Budget Statement delivered on February 25 lay the stark reality that he was proposing yet another austerity budget. As the Budget details show, Bermud...
This is part of a series examining not just the principal causes, but, even more importantly, the appropriate solutions to the island’s economic crisis.
This week we return to policy analysis and the...
Welcome back. We pick up Bermuda’s policymaking trail having just left the deliberations of our Financial Policy Council in 2017.
In this particular meeting, our panel of external experts has advised ...
So, where were we? Ah, yes, our “fundamental macroeconomic external imbalance”.
If a nation’s savings exceeds its investment, as ours obviously does, the country has “excess savings”, which it then ex...
While our politicians spent the new year attempting to mitigate the embarrassment of their longstanding, adamant denials of Bermuda’s indubitable status as a tax haven being now well and truly exposed...
In the second part of his two-part commentary on inequality in Bermuda, economist Robert Stubbs discusses tax burdens on people of varying incomes.
If governments globally are reluctant to publish da...
In the first of a two-part commentary, economist Robert Stubbs examines inequality in Bermuda.
My recent column exposing our unenviable, internationally extreme degrees of income inequality and pover...
Not surprisingly, the island’s extreme income inequality, severe tax regressivity and exorbitant cost of living provide the perfect cocktail for widespread economic deprivation and poverty. Like many ...
