Claudette Fleming, a former executive director at Age Concern, has been unveiled as the latest member of the Tax Reform Commission.

David Burt said Dr Fleming’s background working with seniors and charities would be a valuable asset as the commission continued its work to improve the island’s taxation system.

“During her 22 year tenure as executive director at Age Concern, she worked collaboratively with many public and private sector stakeholders, influencing several significant public policies and legislation,” the Premier said.

“She led the oversight of several co-collaborative public sector research and task force initiatives, including the first draft of the Ageing Well Bermuda Plan, the Paratransit Initiative, and the Seniors Test for Ageing Trends and Services.

“Dr Fleming has also been a member of several government and non-profit boards and committees and will lend her voice based on her experience to ensure that the needs of the third sector and our ageing population are duly considered by the Tax Reform Commission.”

In a statement delivered to the House of Assembly on Wednesday, Mr Burt said that terms of reference had been agreed with the commission’s chairman, Darren Johnston, including its mandate, principles and a “realistic, deliverable deadline” of the end of October.

“The mandate agreed requires the Tax Reform Commission to incorporate potential revenues that may accrue to the Government of Bermuda due to the implementation of the Corporate Income Tax Act 2023 and to make policy recommendations to the Government for the establishment of a revised Bermuda tax system,” he said.

The CIT will implement a 15 per cent tax on the profits of multinational enterprises with more than €750 million (about $808 million) of revenue annually.

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Update on the Tax Reform Commission.pdf

• To read the Premier’s full statement, see Related Media