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Borrowers could have greater protection from the unfair practices of debt collection agencies if new legislation is passed. The Minister of Home Affairs tabled a Bill to provide a “comprehensive licensing regulatory framework” for agents involved in ...

I need to speak to the thorny subject of a minimum and living wage, which has been proposed as legislation. I can certainly relate to the morality of people working and earning enough to afford a roof over their heads and raise a family, with all tha...

In numerous publications in the last few weeks, various headlines arose noting that “the state of Delaware (Secretary of State Jeffrey Bullock) supports HR 6403, a current US congressional Bill titled Counter Terrorism and Illicit Finance Act as the ...

A new tax will leave Bermuda’s least well off facing a “potentially huge bill”, an Opposition senator said this morning. The statement comes after the Payroll Tax Amendment Act was approved in the Upper Chamber on Wednesday. Justin Mathias, chair o...

Bermudians who travel to the UK for work have been warned their visits are most likely taxable — and British authorities are about to drastically increase penalties for those caught failing to report. Even those on vacation who occasionally send work...

The Government has been accused of “discriminatory” payroll tax reforms that will increase costs for small to medium businesses and “kill jobs”. The attack came from the Opposition One Bermuda Alliance as the House of Assembly debated an amendment t...

The annual rate of inflation fell to 1.7 per cent in May despite the impact of higher health insurance premiums. The insurance increases drove health and personal care costs up by 4.1 per cent from May 2017, according to the Consumer Price Index, rel...

Some of the world’s smartest and most talented millennial entrepreneurs are coming to Bermuda for the first “Meeting of the Minds” event to be held outside the US. Organisers hope the overseas attendees will be joined by an equal number of Bermudian-...

The StreetWise “MBA” programme that helps established entrepreneurs strength and scale their businesses is now being managed on the island by the Bermuda Economic Development Corporation. The programme had been run through Bermuda College’s Pace prog...

The ruling Progressive Labour Party has discussed new policies to tackle the racial wealth gap, a government MP has revealed. The move came after Government passed procurement legislation to take race, gender and disability into account when allocati...

Garrett Byrne, the Bermuda Monetary Authority ’s chief enforcement officer, has been appointed vice-chairman of the International Association of Insurance Supervisors’ Financial Crime Task Force. The IAIS is a global standard-setting body which prom...

Property owners who want to register holiday accommodation were left baffled after there were no official forms available. In a bid to comply with the new Vacation Rental Act 2018, which introduced a 4.5 per cent tax on Airbnb-style rentals, landlord...