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Temporary tax and fee breaks have been rolled out by the Bermuda Government for businesses in need of financial relief. The Ministry of Finance announced this afternoon that payroll taxes for January to March, due on April 15, should be filed as norm...

Government is to review how the sugar tax was implemented over concerns that retailers had spread the impact of the tax across other items. Curtis Dickinson, the Minister of Finance, told the House of Assembly: “We need to have a look at this again. ...

Finance ministers of the world’s richest countries want to strike an agreement on a global minimum tax rate by the end of the year. The main aim is to ensure that digital giants like Amazon, Facebook and Google pay taxes in the countries where they m...

Bermuda has been removed from the European Union’s “grey list” on tax matters and added to the “white list” of co-operative jurisdictions. EU finance ministers made the decision yesterday, while at the same time adding the island’s offshore rival th...

Business leaders have hailed Bermuda’s return to the European Union ‘white list’ of fully co-operative tax jurisdictions. The decision was made by EU finance ministers at the meeting of the Economic and Financial Affairs Council in Brussels this morn...

So far the sugar tax is nothing more than a tax grab by the Progressive Labour Party. In Parliament on Friday, I asked questions of the finance minister, Curtis Dickinson, in regards to the amount raised since the inception of sugar tax on October 1,...

About $3.6 million has been raised through the introduction of the sugar tax, the Ministry of Health has revealed. Kim Wilson, the Minister of Health, said some of the cash will be earmarked for health-related initiatives. Ms Wilson added: “We contin...

Google is ending its tax strategy called the “Double Irish, Dutch Sandwich”, which saw it move billions of dollars to Bermuda. The tech company moved $24.5 billion (€21.8 billion) through its Netherlands holding company to Bermuda in 2018, up from $2...

The Land Valuation Department is reminding all land taxpayers to complete and submit the Survey Forms received in the mail during the first two weeks of November 2019. For landowners who have not received the survey form, please download a copy from...

International co-operation on tax transparency has identified about $113 billion in additional tax revenues over the past decade, says the Organisation for Economic Co-operation and Development. A report on the tenth anniversary of the founding of th...

European Union plans to require large multinational companies to publicly reveal their profits and tax liabilities in each member state have stalled. Twelve countries, including Luxembourg, Malta and Ireland, opposed the transparency measure at a mee...

An international effort aimed at establishing a global minimum rate of taxation for multinational companies is nearing the end of its consultation phase. The Organisation for Economic Co-operation and Development’s Pillar Two proposal is intended to ...