The Throne Speech, under the title of “Social Renewal and Economic Recovery”, opened with the Governor’s reflection on the “definitive”, once-in-an-era change brought by the Covid-19 pandemic.
Rena Lalgie told the gathering: “The wounds inflicted by ...
DATE: Nov 05, 2021 | CATEGORY: Politics | AUTHOR: Jonathan Bell
With the Throne Speech scheduled for tomorrow, we look back at what happened to the pledges made in last year’s legislative blueprint - which was shorter than usual because of the Covid-19 emergency.
Of 22 key pledges made last year, nearly half, 10,...
A global agreement on minimum corporate tax rates has approved an exclusion for the island’s international insurance industry.
Curtis Dickinson, the minister of finance welcomed the carve-out by the Organisation for Economic Co-operation and Developm...
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...
DATE: Jul 19, 2021 | CATEGORY: International Business | AUTHOR: David Fox, Business Editor
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...
DATE: Jul 17, 2021 | CATEGORY: Economy | AUTHOR: David Fox, Business Editor
Dear Sir,
Additional government revenue is sorely needed. The reason for this letter is my concern about the impact of new taxes at a very delicate time. We’ve been reading about a potential new rental tax for 2022. This will increase the cost of doi...
DATE: Feb 02, 2021 | CATEGORY: Letters to the Editor | AUTHOR: Letters to the Editor
Economists, perhaps conscious of the difficulties of accurate economic forecasting, are reluctant to engage in hyperbole. Even if the sky was falling, they would find a way to explain why it might not happen, or why it might actually be a good thing....
DATE: Jan 27, 2021 | CATEGORY: Editorials | AUTHOR: RG: In our Opinion
The One Bermuda Alliance has called for more support for Bermuda’s farmers and fishermen and for funding for school repairs or renewable energy schemes which would make Bermuda more self-sufficient and create jobs.
Cole Simons, the Leader of the Opp...
DATE: Jan 26, 2021 | CATEGORY: Budget | AUTHOR: Owain Johnston-Barnes
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...
DATE: Jan 21, 2021 | CATEGORY: Economy | AUTHOR: Scott Neil
A “wholesale review”of Bermuda’s tax system will be completed by the end of the year after legislation was passed in the Senate yesterday.
The Tax Reform Commission Amendment Act 2020 – which will enable the Minister of Finance to set up the commissi...
