Log In

Overseas corporations will end up paying a considerably higher fee to reduce their tax liability by running their business through Bermuda. While the practice contains “nothing whatsoever illegal”, finance minister Bob Richards said the island had ta...

Bob Richards issued a stark warning on the importance of tackling the island’s debt and added that a casual attitude towards extra borrowing would be “irresponsible and dangerous”. The finance minister made the comments in his annual Budget statement...

Donald Trump’s plans to cut American tax rates is “a very serious risk” to Bermuda’s economy, finance minister Bob Richards warned yesterday. Mr Richards said: “The threat level to our international model has never been as high or as imminent as it i...

Students around the island have been getting revved up about motorcycle racing thanks to a community outreach initiative launched by the Bermuda Motorcycle Racing Club. The club has been teaming up with schools to provide sessions for students to exp...

The Bermuda Government’s lawsuit against the Lahey Clinic points to e-mails between Ewart Brown and executives at the hospital as evidence of the alleged “corrupt enterprises” they took part in “at the expense of the Bermudian Government and people”....

Family charities and business associations have welcomed the move by the Government to reform the structure of the payroll tax system. In yesterday’s Budget, Bob Richards, the Minister of Finance, told MPs that the Government was looking to bring tax...

As the finance minister initially indicated, the Budget contains both good news and bad. The good news is that the tabled Bermuda payroll tax system is more progressive. This will be welcome relief for those in the lower-income categories who despera...

Mike Charles, the general secretary of the Bermuda Union of Teachers, said that while Bermuda’s public education system is going to need a lot more than a $2 million budget boost to bring it up to par, he was encouraged that funds for the department ...

A $25 million cut in the Bermuda Hospitals Board budget is not expected to affect services for the year ahead, but it will impact investments to improve the Mid-Atlantic Wellness Institute, general wing facilities and IT systems. Bob Richards, the Mi...

Lower-paid workers will get payroll tax cuts over two years, while big earners will be forced to dig deeper into their pockets. Delivering a 2017-18 Budget yesterday aiming to spread the tax burden more fairly, finance minister Bob Richards also anno...