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The Pre-Budget Report points to significant changes in Bermuda’s taxation and contributory pension structures

Bermuda islanders have been and are still seriously challenged by global inflationary forces beyond our control, as are communities in our neighbouring countries coping with highest inflation in decades. Economic sages have predicted that inflation ...

There has been silence so far from business as companies determine how they would be affected by government proposals that represent a radical departure in Bermuda’s corporate tax structure. The package of proposals includes deepening the take from i...

David Burt says the proposed minimum global corporate tax rate could affect Bermuda more than other international financial centres

Government is discussing a carve-out for the island’s international insurance industry in multilateral discussions towards a new global agreement on a minimum corporate tax rate. Finance minister Curtis Dickinson said the carve-out was one of the iss...

The finance minister Curtis Dickinson yesterday refused to publicly divulge which countries are allied with Bermuda in the international discussions of the global tax initiative set to come to a head this October. But he will soon reconstitute the Ta...

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...

Progress on reform of the tax, healthcare and immigration systems urgently needs to happen, because “the status quo will not deliver a good future for Bermudians and their children”. That is the clear message from the Fiscal Responsibility Panel, the...

In the final article in a five-part series examining the impact of the ageing of Bermuda’s population, we look at the potential solution: economic growth. Facing an ageing and shrinking population, declining workforce, spiralling healthcare costs, un...