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The Minister of Finance has renewed a pledge that there will be no new taxes in this month’s Budget. Curtis Dickinson also promised Government departmental expenditure would be kept on a tight leash in the next financial year. Mr Dickinson said: “The...

The views expressed here are mine alone and not representative of any organisation or political party. In a recent address to his party faithful, the Premier clearly laid out the rationale for the introduction of income tax to Bermuda, framed in the ...

The cost of collecting taxes on income would be enormous and would require a “swelling” of the civil service, a former Minister of Finance has warned. In an opinion piece in today’s Royal Gazette, Bob Richards also said the burden of such taxes,...

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....

Government’s Budget deficit is expected to be an “unsustainable” $295 million for the current financial year after the Covid-19 pandemic slashed revenues and sent spending soaring. As a result, Government is considering removing funding for “lower p...

“The Bermuda model is broken” — economist Robert Stubbs “But if we called it income tax instead of payroll tax we could deduct that from our US income tax. And Bermuda would have an income tax and get everybody off our back. Just a litt...

Bermuda cannot relax its management of Government finances despite a successful debt issue of $1.35 billion this summer, the finance minister warned today. Curtis Dickinson told the House of Assembly that the Government took on $520 million in new l...

The Government paid out $11 million to redundant hotel workers at the Fairmont Southampton without an agreement from owner Gencom that the money would be paid back, it was revealed today. Curtis Dickinson, the finance minister, added that the Governm...

The Bermuda Hospitals Board is haemorrhaging cash through unearned overtime payments to senior doctors, it has been claimed. Complaints have been filed against one doctor accused of regularly walking off the job after completion of his rounds midway ...

The Bermuda Post Office is moving forward with a public-private partnership with an international consolidation company for package forwarding and consolidation services from the US, it was revealed today. Wayne Furbert, the Minister for the Cabine...

Throne Speech. The Reply. Point. Counterpoint. Now we all understand the politics of debate in the House of Assembly. Only too well. Meanwhile, outside the legislature partisans pile on with pointed comments. There’s a wonderful Arabic proverb that s...

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...