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The Government should reduce duty on all goods by at least 20 per cent to address the cost-of-living crisis, the president of the Bermuda Industrial Union has asserted. Chris Furbert was speaking at the first of four town hall meetings organised by ...

A government brochure full of policy information that was already publicly available was deemed by the Opposition to be “propaganda”. Doug DeCouto, a One Bermuda Alliance senator, added that public funds should not be spent on producing political adv...

A new senator went on the attack as he delivered his maiden speech in the Upper House yesterday. Douglas De Couto, of the Opposition One Bermuda Alliance, said that minor reductions in taxes were “trinkets” handed out by the Government to distract f...

The Premier is a “slippery-tongued” deceiver who has hiked payroll tax, the Opposition leader told the House of Assembly yesterday. Cole Simons accused David Burt, also the finance minister, of deliberately misleading the public. He said: “The Minis...

A balanced Budget has been pushed back a year to 2024-25, the Premier said last night. David Burt, who is now also the Minister of Finance, explained that the postponement was needed to let the Government implement its economic recovery plan and fund...

The Throne Speech, under the title of “Social Renewal and Economic Recovery”, opened with the Governor’s reflection on the “definitive”, once-in-an-era change brought by the Covid-19 pandemic. Rena Lalgie told the gathering: “The wounds inflicted by ...

With the Throne Speech scheduled for tomorrow, we look back at what happened to the pledges made in last year’s legislative blueprint - which was shorter than usual because of the Covid-19 emergency. Of 22 key pledges made last year, nearly half, 10,...

A global agreement on minimum corporate tax rates has approved an exclusion for the island’s international insurance industry. Curtis Dickinson, the minister of finance welcomed the carve-out by the Organisation for Economic Co-operation and Developm...

A “wholesale review”of Bermuda’s tax system will be completed by the end of the year after legislation was passed in the Senate yesterday. The Tax Reform Commission Amendment Act 2020 – which will enable the Minister of Finance to set up the commissi...

“Fundamental changes” to Bermuda’s taxation regime could come with some form of tax on rental income in the 2022-23 Budget, the Premier has revealed. David Burt said the Tax Reform Commission, set up in 2017, continues to examine an overhaul of taxat...