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Higher than expected Government revenues this year have been overtaken by pandemic-related expenses, the House of Assembly heard yesterday. Curtis Dickinson, the Minister of Finance, told the House that estimated revenues for the year would be $8 mil...

A report into alleged historic land grabs and a revised Budget statement will dominate the House of Assembly’s final session of the year today. It is understood that the Commission of Inquiry, which held its last hearings in May, completed the report...

In late 2019, the Government’s financial position was steadily improving. We had reduced our deficit significantly, increased our GDP growth rate, and made an $80 million payment on Private Placement Notes towards our national debt. Then, the pandemi...

Senior police officers are in talks with the Government after a push to get more officers on the beat. Renee Ming, the national security minister, revealed this week that the Bermuda Police Service had asked for extra cash to fund a recruitment drive...

A $43.3 million deficit was recorded by the Government in the first half of the financial year, the finance minister revealed yesterday. Curtis Dickinson told MPs that the “all inclusive” deficit, which included capital spending and debt service...

Private sector partners could be signed up to help pay for major government projects outlined in the Throne Speech, the finance minister has said. Curtis Dickinson added it was part of his job to help develop creative ways to fund the Government. He ...

Sweeping changes to the global tax system were agreed to yesterday by more than 130 countries that could wreak havoc on Bermuda’s major economic pillar – international business. The changes to how global companies are taxed, includes a 15 per cent mi...

A south shore hotel project has been granted financial relief from Government as it seeks to expand its inventory. David Burt, the Premier, said the developers behind the Azura Hotel and Residences in Warwick had purchased the neighbouring Nautilus p...

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...

A former finance minister “is scared for Bermuda” because of an international movement towards a global minimum corporate tax. While the island has previously faced such global pressures, Bob Richards, who was finance minister from 2012 to 2017, fear...

Former finance minister Bob Richards believes that bowing to international pressure to establish a corporate tax regime in Bermuda could be a fool’s errand. The average person thinks that income tax is easy to understand, he says, but in financial se...

“While there is a view that tax avoidance are laws of nature the reality is different. Nothing inherent in globalisation prevents governments from taxing profits at a high rate is they so wish. Instead of competition, governments can choose co-or...