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Bermuda has a right to decide what is the appropriate tax system for the island and to make its own adjustments. Any changes to its tax system, which has been in place for 200 years, should be as a result of its own determinations rather than as a re...

A broad measure of Bermuda’s economic activity contracted in the fourth quarter of 2020, primarily because of restricted economic activity due to the Covid-19 pandemic. Gross domestic product is the value of goods and services generated by the island...

After five consecutive months of deflation, Bermuda’s annual inflation rate turned positive in December. The rate was 0.3 per cent. Consumers paid 0.3 per cent more for a basket of goods and services included in the Consumer Price Index in December t...

Bermuda does not need to return to the international capital markets to refinance debt this year, but finance minister Curtis Dickinson is monitoring them in case he has to “go early” to achieve a lower rate for the next chunk of maturing debt. Some ...

Bermuda needs to expand its resident and working population to increase its tax base and economic activity, according to business leaders at the Bermuda Chamber of Commerce Breakfast Budget. This could be done in two ways, Arthur Wightman, PwC Bermud...

Bermuda’s financial liabilities stretch far beyond its net debt of $3 billion. It is estimated a further $1.5 billion to $1.7 billion of unfunded liabilities are stored up in the Public Sector Superannuation Fund, the Ministers and Members Legislatur...

A broad measure of Bermuda’s economic activity contracted in the third quarter of 2020, primarily because of restricted economic activity due to the Covid-19 pandemic. Gross domestic product, the value of goods and services generated by the island’s ...

Hamilton has topped the latest global cost of living index. The city is number one on a list compiled by Numbeo.com, which compared the cost of living of 600 cities around the world against the cost of living in New York City. After Hamilton, the nex...

Retail sales volume increased 5.9 per cent in September, when adjusted for the rate of inflation. It was the third consecutive month of rising sales by volume and value. Overseas online purchases increased substantially. In value terms, imports via c...

Bermuda faces a “fiscal cliff” if its debt-to-revenue ratio, currently at 340 per cent, continues to rise. An adverse but “far from inconceivable” scenario would see Government debt on an unsustainable trajectory, leading to a credit rating downgrade...