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Homeowners hit out at changes to land taxes yesterday after revisions announced in the Budget meant people with the lowest value properties could pay more than three times their current rate. A twice-yearly payment of $44 will soar to $150 for someon...

Beacon Fund Services (Bermuda) and two of its associated companies are being acquired by Apex Group. The move will add about $10 billion in assets under administration to the portfolio of Apex. The acquisition was jointly announced by Apex and San Fr...

US multinationals’ entities in Bermuda declared profits of $24.9 billion in 2016 — or $45 million per employee. That is the finding of the US tax authority, the Internal Revenue Service. In its latest country-by-country statistics, the IRS breaks dow...

A 70-year-old business has been forced to close because of the sugar tax, its owner said. Darlene Livingston said that her business, RM Roberts Candy Wholesale, on Court Street, Hamilton, would still be around if not for the levy introduced last Octo...

Increases to land tax announced in the Budget will mean greater burdens for a struggling sector, estate agents warned. Property experts feared the changes outlined by Curtis Dickinson, the finance minister, were not enough to stimulate the ailing com...

A bigger selection of sweet treats will be taxed at 75 per cent when the Government launches the next phase of its assault on sugar. The rate of duty on items already affected is 50 per cent, with the additional 25 per cent due to be implemented from...

The Bermuda Government is to suspend payments into the sinking fund, a home for money set aside to pay down long-term debt. In his maiden Budget Statement yesterday, Curtis Dickinson, the Minister of Finance, said it did not make financial sense to b...

Entrepreneurs providing food and beverages, sundries and souvenirs have been invited to operate vendor spots at Daniel’s Head Beach this summer. The Bermuda Land Development Company is welcoming vendors from last year, but wishes to offer new amenit...

Welcome back. We pick up Bermuda’s policymaking trail having just left the deliberations of our Financial Policy Council in 2017. In this particular meeting, our panel of external experts has advised the Bermuda Government in clear and unequivocal te...

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...