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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...

A capital gains tax for Bermuda is neither on the table nor off it, the Government has said. It has invited the Tax Reform Commission to revisit its 2018 recommendations and to suggest updates. Curtis Dickinson, Minister of Finance, said: “We are goi...