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The Bermuda Chamber of Commerce said the proposal to flip the 60:40 rule that guaranteed majority Bermudian ownership of companies to 40:60 “requires more examination”. Curtis Dickinson, the Minister of Finance, said in his Budget speech yesterday th...

A co-operative fishery was pledged $1.5 million towards its setting up costs. The cash — spread over two years — will be used to create a fishing industry base at Southside, St David’s. The project, to be managed by the Bermuda Economic Development C...

The newly appoined shadow finance minister highlighted the Government had delivered a Budget deficit after it promised a surplus. Patricia Gordon-Pamplin also said she was concerned by a plan to increase capital spending by $20 million while the isla...

A $1.9 million boost to spending on health will help treat people with mental health problems, it was revealed in the Budget yesterday. Curtis Dickinson, the Minister of Finance, explained that the Ministry of Health budget was “among the few” that w...

The decades-old 60:40 rule designed to guarantee Bermudian majority ownership of companies is to be axed and no new taxes will be imposed. Curtis Dickinson, the Minister of Finance, said in his Budget Statement that the 60:40 numbers would be reverse...

The Budget was designed to find ways to put more money in the pockets of Bermudians, the finance minister said yesterday. Curtis Dickinson told The Royal Gazette that a proposed cut to the payroll tax rate on income up to $48,000 and no new taxes wer...

Cash will be invested in information technology to boost government efficiency, the finance minister pledged yesterday. Curtis Dickinson made several references to the need for more effective ways of working in his Budget speech. He told the House of...

The Government plans to spend $19.8 million more than it takes in over the next 12 months, which will push the country’s total debt to almost $2.68 billion. Interest payments will amount to $121.4 million in the 2020-21 financial year, about $332,600...

The Bermuda Tourism Authority was “ready to learn more details” of government intentions on its future, the body’s chief executive said yesterday. Kevin Dallas was speaking after the Budget Statement was delivered in the House of Assembly by Curtis D...

The government plan to boost foreign investment by turning the 60:40 rule designed to guarantee Bermudian control of island companies on its head is doomed to failure, a former Premier predicted yesterday. Curtis Dickinson, the finance minister, said...

The effort to collect overdue taxes is to be stepped up, the finance minister warned yesterday. Curtis Dickinson said a tax amnesty could also be introduced to help claw back some of the cash owed by taxpayers. Mr Dickinson said taxpayers would be gi...

Bermuda’s new Budget has the “largest capital spending plan in a decade”, the finance minister said yesterday. Curtis Dickinson said the financial blueprint for the year had “increased grants and contributions to invest in our communities”. He said...