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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 in place for 200 years, should be as a result of its own determinations rather than as a re...

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. White House press secretary Jen Psaki said on Friday that leaders of the Group of Seven — ...

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 month was $105.7 million, which was a 9.8 per cent improvement. The same month in 2020 saw Be...

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 pandemic. Gross domestic product is the value of goods and services generated by the island...

Bermuda’s trade surplus rose by $20 million to $248 million in the fourth quarter of 2020, but imports of goods and services dropped compared to the same October to December period in 2019. The current account surplus was the highest it has been sinc...

The retail inflation rate rose to 0.2 per cent in February, up from -0.3 per cent in January. Wayne Furbert, Minister for the Cabinet Office, said: “The health and personal care sector was the largest contributor to the twelve-month increase in the C...

Bermuda’s annual inflation rate was negative for the sixth month out of seven in January at -0.3 per cent. The island had experienced five consecutive months of deflation before the annual inflation rate turned positive in December at 0.3 per cent. C...

Bermuda’s Economic Recovery Plan is “ambitious but achievable”, the Minister of Finance told an international forum yesterday. Curtis Dickinson was speaking on the panel, “Economy and Sustainability for Global Islands” at the Island Finance Forum 202...

The Bermuda Electric Light Company Ltd has announced that electricity fee increases imposed by the Regulatory Authority this week will not be passed on to customers until May 1. Belco said the RA’s announcement on Wednesday that electricity fees paid...

After five consecutive months of deflation, Bermuda’s annual inflation rate turned positive in December. The rate was 0.3 per cent. Consumers paid 0.3 per cent more for a basket of goods and services included in the Consumer Price Index in December t...