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Young entrepreneurs and the “gig” economy could be the engine that drives Bermuda towards economic recovery and full employment, according to a top economist. Craig Simmons said that, while large corporations had adapted technology in order to reduce...

Plans to develop a National Digital Bank in Bermuda have been discussed by the Financial Policy Council. It welcomed the Government’s efforts to produce a feasibility study and business plan to assess its potential and viability. It also recommended ...

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...

An implementation team to further progress of recommendations made by BermudaFirst should be led by private-sector expertise, says Phil Butterfield. The chairman of BermudaFirst, a think-tank involving about 90 Bermudians which submitted a socio-econ...

Dear Sir, Robert Stewart’s excellent opinion on the proposed changes to the health system did not cover: 1, How many civil servants will be employed to run such a system? 2. What will be the annual cost for salaries, operating expenses, rent, etc? 3....

The group of experts tasked with assessing threats to Bermuda’s financial stability has urged the Government to ramp up its engagements with international authorities on tax-related matters. The Financial Policy Council, which met this month, also di...

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...

David Burt, the Premier, praised the work of the Bermuda Economic Development Corporation to encourage entrepreneurship and create jobs. Speaking in the House of Assembly this morning, Mr Burt said 27 businesses were approved for direct micro loans i...

Is this protracted trade war and conflict between the United States and China a test of will, money or systems? The US is a market economy, where the producers are entrepreneurs with their own capital at risk, while China is a command economy, where ...

Buried among the storylines about global trade and political intrigue from the G7 summit last month is perhaps the most noteworthy one of all. Business for Inclusive Growth, or B4IG, a coalition of 34 multinational companies with more than three mill...

Donald Trump is dangerously close to becoming the first Republican president since George H.W. Bush to raise taxes. According to the Tax Foundation, if the tariffs already announced by Trump go into effect, they will amount to a $200 billion annual t...

The Premier laid down a challenge for the Leader of the Opposition to come up with a plan to boost the economy instead of repeating “slogan after slogan” without substance. David Burt offered Craig Cannonier, the One Bermuda Alliance leader, six week...