“Fundamental changes” to Bermuda’s taxation regime could come with some form of tax on rental income in the 2022-23 Budget, the Premier has revealed.
David Burt said the Tax Reform Commission, set up in 2017, continues to examine an overhaul of taxat...
DATE: Jan 11, 2021 | CATEGORY: Politics | AUTHOR: Jonathan Bell
Exactly 100 days after David Burt led his Progressive Labour Party to an historic landslide election victory on October 1, 2020, the Premier sat down with The Royal Gazette for an exclusive interview on Friday. This is the full interview.
Will t...
DATE: Jan 11, 2021 | CATEGORY: Politics | AUTHOR: Jonathan Bell
The Inter-Agency Committee for Children and Families welcomes the Government’s 2020 Throne Speech.
From early in the speech and throughout, the Government makes a clear commitment to social priorities.
In 2014, the IAC conducted a comprehensive Asse...
Yesterday’s revised Budget gave us a much clearer picture of the hammer blow that Covid-19 has dealt to public finances.
An eye-watering $295 million government deficit for the year ended March 31, 2021, is partly the result of ramping up spending t...
DATE: Nov 14, 2020 | CATEGORY: News | AUTHOR: Jonathan Kent
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...
DATE: Nov 12, 2020 | CATEGORY: Business | AUTHOR: Scott Neil
Major changes to the tax system and the introduction of a levy on capital gains were today signalled in the Progressive Labour Party’s Throne Speech blueprint for the next legislative year.
The Throne Speech added legislation would be tabled to alter...
DATE: Nov 06, 2020 | CATEGORY: News | AUTHOR: Raymond Hainey, Assistant News Editor
A string of promises to boost the economy and cut the island’s cost of living were unveiled last night in the Progressive Labour Party’s election platform.
The manifesto included a Bermuda National Digital Bank to cut mortgage costs and jump-start th...
DATE: Sep 23, 2020 | CATEGORY: Politics | AUTHOR: Jonathan Bell
The Minister of Finance has pledged to “fix” the problem of publicly funded organisations failing to keep up to date with their annual audits.
Curtis Dickinson told a post-Budget meeting of business leaders: “I’m not happy about it. We have had chall...
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...
Open, programmable money is changing the way we understand and use money. It will reform how we interact with each other in ways that will drive new efficiencies and opportunities. It will allow us to enhance the traditional concept of money to chang...
