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Bermuda faces a “fiscal cliff” if its debt-to-revenue ratio, currently at 340 per cent, continues to rise. An adverse but “far from inconceivable” scenario would see Government debt on an unsustainable trajectory, leading to a credit rating downgrade...

A capital gains tax for Bermuda is neither on the table nor off it, the Government has said. It has invited the Tax Reform Commission to revisit its 2018 recommendations and to suggest updates. Curtis Dickinson, Minister of Finance, said: “We are goi...

Progress on reform of the tax, healthcare and immigration systems urgently needs to happen, because “the status quo will not deliver a good future for Bermudians and their children”. That is the clear message from the Fiscal Responsibility Panel, the...

In the final article in a five-part series examining the impact of the ageing of Bermuda’s population, we look at the potential solution: economic growth. Facing an ageing and shrinking population, declining workforce, spiralling healthcare costs, un...

Bermuda’s shifting population demographics over the next seven years are expected to present significant challenges for the island’s business community. As outlined in the recently released report, Bermuda’s Population Projections, 2016-2026, the isl...

The Fiscal Responsibility Panel report reviewed the evolution of the all-important debt/revenue ratio under different scenarios — and also included a projection based on the recommendations of the Tax Reform Commission being implemented by Government...

An increase in taxes is far more likely to be in our future than meaningful cuts to government expenditures, with the exception of government’s intention to trim expenses by identifying more efficient ways of delivering on its obligations. The island...

Preliminary results of the island’s assessment by the Caribbean Financial Action Task Force, have been discussed by the Financial Policy Council, which is headed by Curtis Dickinson, Minister of Finance. The CFATF assessed the island’s anti-money leg...

Bermuda’s economy is facing challenges on multiple fronts as it heads into 2019. A potent combination of increasing taxes, growing external threats to the island’s international business sector from the likes of the European Union, consolidation in t...

Liberty Mutual has reorganised its operations — including its Bermudian-based insurer Ironshore — to better address the needs of brokers and clients. According to Mitch Blaser, who will assume the title of vice-chairman of Ironshore Bermuda, the chan...