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Business and political leaders in Bermuda have reacted to US President Joe Biden labelling the island a tax haven, and appearing to have the island in the “crosshairs” of US tax reform. They have highlighted the support the island's international bus...

The Ministry of Finance has said it needs more time to respond to a request for records on a multimillion-dollar contract awarded to an unlicensed debt collection company. Oarrs Inc was awarded the contract to manage a claw back of almost $75 million...

A company awarded a multimillion-dollar government contract to claw back land tax arrears does not have a debt collection licence, The Royal Gazette has confirmed. A new law, which came into force at the start of last year, ruled that anyone “pursui...

Google has moved Google Ireland Holdings Unlimited Company’s tax residency from Bermuda to Ireland, according to a report. It has also stopped licensing its intellectual property from Bermuda, and now does so from the US, as it indicated it would in ...

The Office of the Tax Commissioner has advised that the due date for first quarter 2021 e-filed payroll tax returns is today. Mandatory e-filers are reminded that they are required to file online. However, the due date for all other taxes and manuall...

The Government has hired a company which appears not to have a debt collection licence to manage the recovery of millions of dollars of unpaid land tax. OARRS Inc Limited will be paid 15 per cent of “all land tax arrears recovered” according to a no...

“Treasury Secretary Janet Yellen has been clear since her confirmation hearing and subsequent press appearances that the Biden Administration needs to raise new tax revenues…Part of the solution is reforming the corporate tax rate- not just in t...

Dear Sir, Depending on your political views, the Minister of Finance either has his hands tied by Covid or he has kicked the can down the road with the 2021-22 Budget. Either way, Bermuda cannot afford to continue down this path and the time to act ...

A campaign group yesterday appealed for Customs duty on feminine hygiene and childcare products to be axed. Social Justice Bermuda said the Government should remove taxes from menstrual products and infant products to help relieve the financial burde...

More than $350 million in unpaid taxes and fees is owed to the Government, the Minister of Finance revealed yesterday. Curtis Dickinson warned that almost half the cash would probably never be collected. He was responding to questions from Opposition...

A digital sales tax has been proposed by the Opposition to generate extra revenue. Cole Simons, the Leader of the Opposition, expanded over the weekend on his comments in his Reply to the Budget, delivered on Friday in the House of Assembly. Mr Simon...

The Minister of Finance should cut taxes and fees for businesses to re-energise the economy, it was claimed yesterday. Green-friendly projects, increased support for youth services, and breaks for charities that provide essential services, were other...