The Bermuda Government stands to reap millions by tightening payroll tax on notional salaries in owner-managed businesses.
Branded an “often-abused part of the payroll-tax system” by David Burt in his Budget speech, notional salaries were estimated t...
DATE: Feb 17, 2018 | CATEGORY: Politics | AUTHOR: Jonathan Bell
David Burt faces a crucial balancing act tomorrow with his first Budget as Premier, former premier Sir John Swan warned.
Sir John called Mr Burt “the best of the best that we could have to lead the Progressive Labour Party”.
“Not only does he have th...
DATE: Feb 15, 2018 | CATEGORY: Politics | AUTHOR: Jonathan Bell
The Tax Reform Commission is facing a difficult but achievable challenge, according to new chairman Ronald Simmons.
Mr Simmons, a former director of the Bermuda Monetary Authority, said he was honoured by the opportunity to serve as chairman.
He said...
DATE: Feb 15, 2018 | CATEGORY: Politics | AUTHOR: Owain Johnston-Barnes
To someone who has written about the Bermuda economy for many years, Bermuda — Back from the Brink, by Bob Richards, the former finance minister, is like a breath of fresh air. It is clear, succinct to the point and written in a take-no-prisoners ...
Accounting and legal services are set to be taxed in next month’s Budget, according to a report by independent advisers of the Bermuda Government.
The Fiscal Responsibility Panel’s annual assessment, published last month, also estimates that Governme...
David Burt has vowed to communicate and listen more as the Progressive Labour Party tackles inequality in 2018.
Delivering his new year’s message yesterday, the Premier said introducing a living wage and reducing the high cost of living in Bermuda wo...
The US tax overhaul is symptomatic of growing protectionism around the world threatening the global business model of Bermudian reinsurers.
That is the view of Bradley Kading, outgoing president of the Association of Bermuda Insurers and Reinsurers, ...
Bermuda could be in line for a new professional services tax, the island’s Fiscal Responsibility Panel said yesterday.
The annual report from the three-strong panel of experts predicted that the new tax could come in the next financial year.
The repo...
Importers of food and other goods will face fines of up to $5,000 if they fail to provide information to a new commission examining their costs and margins.
The Cost of Living Commission, renamed from the Price Commission, will be established by legi...
US companies that make billions of dollars from patents and other intellectual property held offshore would be eligible for a special 12.5 per cent tax rate on those earnings under the Senate tax plan.
That’s a potential “gold mine” for some multinat...
DATE: Nov 15, 2017 | CATEGORY: International Business |
