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“Sugar tax” legislation has been tabled in the House of Assembly. The Customs Tariff Amendment (No. 2) Bill includes several changes to import duty rates relating to sugar and sugar products. A Government spokesman said: “This follows the Sugar Tax C...

Executives of mortgage insurer and reinsurer Essent Group Ltd said that the company’s Bermuda structure still gives it a tax advantage — even after US tax reform reduced the benefit. Essent reported first-quarter profits of $111.1 million last Friday...

Technology giant Softbank Group has corrected four years of tax filings after Japanese authorities uncovered hundreds of millions of dollars of undeclared earnings in two Bermuda subsidiaries. The Bermuda entities were set up by two Softbank subsidia...

Ministers from the Bermuda Government are to be asked to give evidence before British MPs as part of a probe into tax avoidance and evasion. The sub-committee of the Treasury Select Committee launched its investigation in the wake of the Panama and P...

There is no doubt that Bermuda is as free a country as can be found anywhere, but we should be aware that there are Bermudian busybodies on our case, and if successful, they will make us a little less free. All with the noble objective of telling us ...

A tax on high-sugar sweet products will have a sour effect on small businesses, the owner of a bakery in St George’s warned yesterday. Kamilah Cannonier, of Sweet Saak Bakery, said the Government should reconsider the tax and predicted it would drive...

The following doubles as a response to the request for consultation on the Bermuda Government’s plans to introduce a sugar tax. Thank you for the opportunity to submit a response to the Government’s proposal to introduce a sugar tax in September 201...

Consultation on a proposed new sugar tax ends today. Taxes will be increased on candy, soda and other “non-nutritive, luxury items” to promote healthy living and discourage importers from bringing in high-sugar products. Supporters, including the Ber...

Commercial property is to face a land tax increase, but only for a year. David Burt, the Premier and Minister of Finance, said that tax rates on commercial businesses are to go up from 7 per cent to 12 per cent. The increase will mean that owners wil...

The Bermuda Government stands to reap millions by tightening payroll tax on notional salaries in owner-managed businesses. Branded an “often-abused part of the payroll-tax system” by David Burt in his Budget speech, notional salaries were estimated t...

The Tax Reform Commission is facing a difficult but achievable challenge, according to new chairman Ronald Simmons. Mr Simmons, a former director of the Bermuda Monetary Authority, said he was honoured by the opportunity to serve as chairman. He said...