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The Government will update the Financial Policy Council (FPC) today on work being done to understand and assess the potential impact of the global tax agreement on Bermuda. A government statement last night said: “The Ministry of Finance will have th...

More information on when international businesses could expect increased fees from the financial services watchdog should be released, the Opposition said today. Cole Simons, the leader of the One Bermuda Alliance, made the call as the House of Assem...

More than $6 million was paid in consultancy fees to four professional services firms over 19 months, MPs were told yesterday. But Curtis Dickinson, the finance minister, said more than 60 per cent of the cash went to EY under an order from the court...

The House of Assembly was updated yesterday morning on key meetings to keep the island off the European Union’s list of non-cooperative tax jurisdictions. Curtis Dickinson, the finance minister, briefed MPs on meetings held in London and Brussels. Mr...

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...

Bermuda is to take part in a virtual forum organised to promote good governance and strong oversight of public finances across the Overseas Territories. The event will involve key players from the UK and its Overseas Territories, including politician...

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...

Blue chip names are prepared to invest in the redevelopment of the island’s biggest hotel, the finance minister said today. Curtis Dickinson said Gencom, the US-based owners of the Fairmont Southampton Hotel, had met Government representatives last m...

Bermuda is on a “glide path” to a small budget surplus by 2023-24, the finance minister said yesterday. Curtis Dickinson added the country’s last round of borrowing was calculated to last until that financial year. Mr Dickinson said: “We have borrowe...

An accounting and auditing heavyweight is to lead the Government’s economic recovery plan, the finance minister revealed yesterday. Curtis Dickinson said financial services firm KPMG had been selected as the project manager for the plan, outlined in ...

OK, so we all understand the country is in deep financial trouble. The Government admits to it, the Chamber of Commerce admits to it, and every sector of commerce has expressed pain. When the economy contracts as it has, it means government itself is...

A global agreement on minimum corporate tax rates has approved an exclusion for the island’s international insurance industry. Curtis Dickinson, the minister of finance welcomed the carve-out by the Organisation for Economic Co-operation and Developm...