David Burt on Cartac
House: report on tax reform released
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 administration but never publicly released.
He said the report, entitled “Reforming the Tax System and its Administration for Fiscal Consolidation”, looked at ways to increase tax revenue.
Numerous interviews were conducted by Cartac in 2015, and the report suggested ways to increase tax revenue by 0.5 per cent of GDP annually for three years.
However, Mr Burt said the proposed changes would have left the bulk of the burden on the poor.
• To read Mr Burt’s statement in full, click on the PDF under “Related Media”
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