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Yesterday’s revised Budget gave us a much clearer picture of the hammer blow that Covid-19 has dealt to public finances. An eye-watering $295 million government deficit for the year ended March 31, 2021, is partly the result of ramping up spending t...

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...

Major changes to the tax system and the introduction of a levy on capital gains were today signalled in the Progressive Labour Party’s Throne Speech blueprint for the next legislative year. The Throne Speech added legislation would be tabled to alter...

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...

The Minister of Finance has pledged to “fix” the problem of publicly funded organisations failing to keep up to date with their annual audits. Curtis Dickinson told a post-Budget meeting of business leaders: “I’m not happy about it. We have had chall...

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...

Open, programmable money is changing the way we understand and use money. It will reform how we interact with each other in ways that will drive new efficiencies and opportunities. It will allow us to enhance the traditional concept of money to chang...

Two years ago, when the Progressive Labour Party won the General Election, we were promised all manner of things — reduced healthcare costs, lower cost of living and greater transparency, among others. We heard the phrase “Promises made, promises kep...

A total of $330,500 in uncashed cheques were left “in a drawer” at a government department, a report to Parliament has revealed. The report by the Efficiency Committee said only $50,000 of the owed cash was claimed back and accused the Government of ...

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...