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The Leader of the Opposition tonight denied that the One Bermuda Alliance supported the introduction of income tax. Cole Simons said that claims by David Burt, the Premier, that the idea had bipartisan support was false. He added: “I flatly refute Da...

Major changes to Bermuda’s tax structure are needed to reduce the cost of living, according to the Premier. David Burt said at the Progressive Labour Party annual conference that difficult conversations may be needed to create a fairer tax system – o...

The One Bermuda Alliance has called for more support for Bermuda’s farmers and fishermen and for funding for school repairs or renewable energy schemes which would make Bermuda more self-sufficient and create jobs. Cole Simons, the Leader of the Opp...

A “wholesale review”of Bermuda’s tax system will be completed by the end of the year after legislation was passed in the Senate yesterday. The Tax Reform Commission Amendment Act 2020 – which will enable the Minister of Finance to set up the commissi...

“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...

Britain has drafted an order-in-council laying out how it expects its Overseas Territories to set up publicly accessible registers detailing beneficial owners of companies. However, Wendy Morton, a Foreign Office minister, said in the House of Common...

Bermuda residents who found themselves in Britain for an extended time this year, due to Covid-19 pandemic restrictions and closed borders, may have triggered British tax liabilities as a result. The chances that this happened increase for those who ...

It would be “almost suicidal” for the Government to collect less land tax from the public after the financial hit it has incurred as a result of the Covid-19 pandemic. Michelle Simmons, Vice President of the Senate, said reductions in rental prices ...

Money collected through the travel authorisation scheme has been transferred to the Government, it was revealed in the House of Assembly. David Burt, the Premier, told MPs during the Motion to Adjourn last Friday that about $1.7 million in funds rais...

Most homeowners will not see an increase in land tax bills next year after the Government postponed a review of property values in the wake of the Covid-19 economic crisis, The Royal Gazette can reveal. The tax is calculated on the annual rental valu...

There really is no reason to overcomplicate the relatively simple. The European Union and the Organisation for Economic Co-operation and Development — highlighted in Will Mc Callum’s recent article entitled “Proposed new tax rules likely to hit Bermu...

New global rules that would force many Bermudian-based multinational companies to pay more tax have a good chance of becoming reality, despite the challenges of the required international consensus, says one of the island’s leading corporate tax expe...