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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...

Exactly 100 days after David Burt led his Progressive Labour Party to an historic landslide election victory on October 1, 2020, the Premier sat down with The Royal Gazette for an exclusive interview on Friday. This is the full interview. Will t...

A string of promises to boost the economy and cut the island’s cost of living were unveiled last night in the Progressive Labour Party’s election platform. The manifesto included a Bermuda National Digital Bank to cut mortgage costs and jump-start th...

Government ministers took aim at the One Bermuda Alliance’s Reply to the Budget last night. Curtis Dickinson, the Minister of Finance, said that it was easy to simply call for cost cuts, but much more difficult when the human impact was weighed. Mr D...

A proposal to slap a tax on rented homes in the Budget has been taken off the table, the Minister of Finance said yesterday. Curtis Dickinson made the announcement after complaints that landlords had tried to use the suggested levy as an excuse to ra...

Landlords were warned today not to pass a proposed rental tax on to their tenants. The Government said tenants have called Consumer Affairs reporting that their landlord has informed them their rent will be increased “due to the new tax” from March 1...

A proposed tax on rental income could cost people their homes, the finance minister has been warned. Curtis Dickinson was told that any new tax would hurt people who depended on income from an apartment to pay their mortgages. Paulette Robinson said:...

New taxes could be in the pipeline for the 2019-20 Budget, the Minister of Finance said yesterday. Curtis Dickinson said in his pre-Budget report that possible taxes included one on homes where the main function was for rental to tourists or to empl...

A more efficient Government could emerge alongside changes to the tax system in efforts to shore up the public purse, MPs heard last night. It was hoped a balance would be struck between trying to increase income while also cutting costs. Legislator...