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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...

A lack of cuts in spending to the Civil Service in this year’s Budget has proven a bone of contention for the Bermuda Chamber of Commerce, with president John Wight asking where was the shared sacrifice. In a statement released last evening, Mr Wigh...

While there is “nothing mysterious” about the delay in rolling out the general services tax, now set for April 2018, Bob Richards, the Minister of Finance, conceded that the Bermuda Government had “yet to really define the scope of it”. The proposed ...

All eyes will be on Bob Richards, the Minister of Finance, as he arrives at Parliament with the One Bermuda Alliance’s fifth and likely final Budget before the next General Election. Although Mr Richards said he preferred to let the highly anticipate...

Finance minister Bob Richards is delivering the One Bermuda Alliance’s Budget for the fiscal year 2017-18 at the House of Assembly today. Follow The Royal Gazette’s website for live updates. 12.01pm Mr Richards is wrapping up now and in conclusion ...

Government and private sector cash — along with laws — are needed to help provide a “striving society” for Bermudians and avoid a stark future state, a prominent island social worker says. Charities figurehead Elaine Butterfield drew a comparison be...

Taxpayers may get a hint tomorrow of the potential cost of the Government’s lawsuit against the Lahey Clinic, or at least an idea of how much could be spent on legal fees for it in the next fiscal year. The publication of the Budget book for 2017-18,...

Craig Simmons is calling for the payroll tax cap to be gradually doubled to a “reasonable” $1.5 million. Speaking ahead of tomorrow’s Budget, the Bermuda College economist said the slow rather than sudden increasing of the ceiling should be done over...