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Automatic gratuities across Bermuda’s hospitality sector are under review by the Office of the Tax Commissioner. A survey of gratuities was e-mailed to restaurant owners and hoteliers last week. The questionnaire may be linked to the Government’s ext...

An exempted Bermuda company linked to a Texan billionaire accused of a massive tax fraud has been named in a federal bankruptcy court in the United States. Joint liquidators of Point Investments Ltd have applied to the court in Delaware to have it re...

In the final part of this series, we return to where we began with the Premier and his austerity budget. Austerity budgets and economic recoveries are contradictions in terms — budgets that rely solely on spending cuts to reduce deficits are not cond...

So what can we learn from Bermuda’s 2018 tax reform debacle? Three perennial problems for the island are underscored by these unfortunate events. The first is Bermuda’s lack of competent policymakers — in the One Bermuda Alliance as well as the Progr...

Beneath all the smoke and mirrors of David Burt’s Budget Statement delivered on February 25 lay the stark reality that he was proposing yet another austerity budget. As the Budget details show, Bermuda’s deficit reduction in the coming year will be a...

Car licence fees will be cut from April 1 after legislation was passed in the House of Assembly tonight. Drivers will see the cost of an annual vehicle licence cut by 10 per cent after MPs backed the Motor Car Amendment Act 2022. The amendment, pres...

David Burt says the proposed minimum global corporate tax rate could affect Bermuda more than other international financial centres

The Premier is a “slippery-tongued” deceiver who has hiked payroll tax, the Opposition leader told the House of Assembly yesterday. Cole Simons accused David Burt, also the finance minister, of deliberately misleading the public. He said: “The Minis...

KPMG in Bermuda has added tax directors Robin Linklater and Saravanan Balasubramani. The firm said as international tax provisions continue to evolve, they recognise the need to meet the growing demands of clients. A statement said: “Robin Linklater...

Reduced electricity bills could be in the pipeline if government revenue and expenditure pan out as predicted this year. The pledge was one of several relief measures promised by David Burt, the Premier and finance minister, during yesterday’s Budget...

The Government is downplaying Bermuda being put back on the European Union’s Grey List, but admits it is powerless to get off it until October.

Expect a lot of political shots fired during this year’s budget debate, and expect focused questions and observations during the annual Chamber of Commerce Budget Breakfast. Losing Curtis Dickinson is unfortunate. He won widespread respect as finance...