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International Business

Scott to become BMA chairman

The Bermuda Monetary Authority has announced that the Authority’s Deputy chairman, Donald Scott, has been appointed by the Minister of Finance to serve as chair...

The Bermuda Monetary Authority has announced that the Author...

FULL ARTICLE Thursday Jul 22, 2021

Bank stock improves

The RG/BSX Index climbed 9.54 (0.38 per cent) to close at 2,511.63 on volume of 9,000. The BSX Index finished up 27.81 (1.60 per cent) at 1770.90. The Bank of...

Jul 20, 2021 6:05 PM
COMMENTS

New Tax Reform Commission to study OECD proposals

The finance minister Curtis Dickinson yesterday refused to publicly divulge which countries are allied with Bermuda in the international discussions of the glob...

Jul 17, 2021 2:15 PM
COMMENTS

Fear over unified tax threat to Bermuda

A former finance minister “is scared for Bermuda” because of an international movement towards a global minimum corporate tax. While the island has previously f...

Jul 13, 2021 8:00 AM
COMMENTS

Corporate income tax for Bermuda?

Former finance minister Bob Richards believes that bowing to international pressure to establish a corporate tax regime in Bermuda could be a fool’s errand. The...

Jul 13, 2021 7:59 AM
COMMENTS

Yellen: Compete on economic strengths, not low tax rates

US Treasury Secretary Janet Yellen said yesterday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offer...

Jul 12, 2021 7:59 AM
COMMENTS

Island’s inflation rate rises to 0.9% in April

The inflation rate edged up to 0.9 per cent in April. Commenting on the Consumer Price Index report, Wayne Furbert, Minister for the Cabinet Office, said: “In A...

Jul 01, 2021 8:21 AM
COMMENTS

Finance minister says Bermuda has right to determine its own tax system

Bermuda has a right to decide what is the appropriate tax system for the island and to make its own adjustments. Any changes to its tax system, which has been i...

Jun 23, 2021 7:58 AM
COMMENTS

Biden sells G-7 on global tax, but US Congress is a hurdle

President Joe Biden might have persuaded some of the world's largest economies to hike taxes on corporations, but the US Congress could be a far tougher sell. ...

Jun 14, 2021 7:46 AM
COMMENTS

Retail sales rise for ninth consecutive month

Retail sales rose 7.7 per cent in March, the ninth consecutive month that the volume of sales has grown on a year-on-year basis. The value of sales for the mont...

Jun 04, 2021 8:05 AM
COMMENTS

Island’s GDP falls 4% in fourth quarter

A broad measure of Bermuda’s economic activity contracted in the fourth quarter of 2020, primarily because of restricted economic activity due to the Covid-19 p...

May 31, 2021 3:58 PM
COMMENTS

More Economy

Balance of payments rises as imports fall in fourth quarter

Inflation rate rises to 0.2% in February

Negative inflation for sixth month in seven

Bermuda’s economic recovery plan 'ambitious but achievable'

Belco will not pass on RA fee rise until next month

Inflation rate 0.3% in December

Deflation continues for fifth month running

Balance of payments surplus declines $41m

Finance minister keeps an eye on capital markets

Panel discuss need to expand resident and working population

Billions of debt and unfunded liabilities 'sitting on public’s shoulders'