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Legislation imposing new fees on cruise ships was tabled in the House of Assembly. The Bermuda Tourism Authority Amendment Bill 2019 was brought by Zane DeSilva, the tourism minister. Travellers leaving the island by passenger vessel will be charged ...

Chocolate and sugar-laden breakfast cereals will be affected by the sugar tax from the start of next month, the Government said yesterday. However, drinks with artificial sweeteners instead of sugar will be excluded from the hikes. A spokeswoman for...

The Minister of Health has defended the expansion of the sugar tax despite the objections of some businesses. Kim Wilson told the House of Assembly that diseases such as diabetes are a threat to the island’s health and the public purse. She added tha...

Legislation implementing budgetary steps laid out by Curtis Dickinson, the finance minister, has been tabled to go into effect later this year. The Land Tax Amendment Bill 2019, tabled yesterday in the House, will come into effect on July 1, 2019 if ...

Homeowners hit out at changes to land taxes yesterday after revisions announced in the Budget meant people with the lowest value properties could pay more than three times their current rate. A twice-yearly payment of $44 will soar to $150 for someon...

US multinationals’ entities in Bermuda declared profits of $24.9 billion in 2016 — or $45 million per employee. That is the finding of the US tax authority, the Internal Revenue Service. In its latest country-by-country statistics, the IRS breaks dow...

A 70-year-old business has been forced to close because of the sugar tax, its owner said. Darlene Livingston said that her business, RM Roberts Candy Wholesale, on Court Street, Hamilton, would still be around if not for the levy introduced last Octo...

Increases to land tax announced in the Budget will mean greater burdens for a struggling sector, estate agents warned. Property experts feared the changes outlined by Curtis Dickinson, the finance minister, were not enough to stimulate the ailing com...

A bigger selection of sweet treats will be taxed at 75 per cent when the Government launches the next phase of its assault on sugar. The rate of duty on items already affected is 50 per cent, with the additional 25 per cent due to be implemented from...

A proposal to slap a tax on rented homes in the Budget has been taken off the table, the Minister of Finance said yesterday. Curtis Dickinson made the announcement after complaints that landlords had tried to use the suggested levy as an excuse to ra...

Landlords were warned today not to pass a proposed rental tax on to their tenants. The Government said tenants have called Consumer Affairs reporting that their landlord has informed them their rent will be increased “due to the new tax” from March 1...