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A Bill creating a commission to look at changing Bermuda’s tax structure was approved by the House of Assembly last Friday. David Burt, the Premier, said the Tax Reform Commission Act would help create a fairer system for the island. He said: “This B...

David Burt fought Bermuda’s corner on tax in an interview on Britain’s BBC World News. The Premier, also Minister of Finance, appeared on the channel’s Talking Business yesterday and emphasised that Bermuda complied with international tax standards. ...

The Bermuda Government needs to do a better job of collecting unpaid taxes due before it starts looking for new ways to tax the public. That is one of the views expressed by the Bermuda Chamber of Commerce, reacting to the release of the independent ...

Dear Sir, We have a new government with a huge task ahead of them and already the natives are restless. Money is indeed tight and manna isn’t going to come raining down from heaven as quickly as the people want. This brings me to a topic that has be...

David Burt this morning tabled a previously unreleased 2015 report on reforming Bermuda’s tax structure. The Premier said the report by the Caribbean Regional Technical Assistance Centre had been commissioned and received by the One Bermuda Alliance ...

President Donald Trump finally announced the massive changes that he wants to make to the Internal Revenue Code. The announcement was in the format of a “framework” for discussion in that the Senate and House of Representatives both have tax bills th...

Bermuda international business executives and tax experts were yesterday poring over the proposals in the framework for US tax reform unveiled by President Donald Trump. While the “Unified Framework for Fixing Our Broken Tax Code”, produced by Mr Tru...

Bermuda’s economy is in a much worse state than people think, an economist has warned. Robert Stubbs, previously head of research at the Bank of Bermuda, said government policy mistakes made before the 2008 global financial crisis were to blame. Mr S...

The Customs Department has issued an imports warning after a number of online posts advertising the sale of goods imported free of duty. In a statement, a spokesman for the Department said: “We would like to remind persons who have imported goods wit...

Markets have been on the upswing over the past few months and have recently hit brand new highs. Accommodative central banks around the world have helped stoke this rally, but at least a portion of the gains are likely attributable to optimism over A...

The Bermuda Government has created a new portal that meets the island’s obligations under automatic exchange of tax information agreements. Bob Richards, the Minister of Finance, said the Tax Information Reporting Portal was essential for the island ...

There is still time to register for a lunch-and-learn demo session of an online Bermuda payroll system, which will take place at the Bermuda Chamber of Commerce tomorrow. Businesses are being given a second chance to see a free demonstration of the s...