Hashtag: #2017Budget
ABIR Comments On Planned Payroll Tax Change
The Association of Bermuda Insurers and Reinsurers [ABIR] said while they fully support the introduction of payroll tax progressivity, they urge the Government to “develop existing sources and new alternatives to the payroll tax as a means for raising revenues” as an “overemphasis on the payroll tax makes Bermuda operations even more... Read more of this article
Live Updates: Finance Minister Delivers Budget
[Updating] Finance Minister Bob Richards is set to deliver the 2017 Budget in the House of Assembly this morning [Feb 24], which will set out the Government’s financial plans for the upcoming fiscal year. We will be covering the Budget all day, providing live updates as the Minister delivers the speech, as well as posting a copy of the full speech... Read more of this article
Video: Summary Of The 2017 Bermuda Budget
Introducing a new Financial Services Tax, payroll tax changes and adjustments to customs duties were a few of the financial initiatives revealed as Finance Minister Bob Richards delivered the 2017 Bermuda Budget in the House of Assembly this morning [Feb 24]. In addition, the maximum taxable salary level will be raised from $750,000 to $900,000, land... Read more of this article
PwC Release 2017 Budget Highlight Summary
Following the delivery of the 2017/18 Budget this morning [Feb 24] by Minister of Finance Bob Richards, PwC Bermuda released a highlight summary sheet. “Government has aggressively focused on increasing revenues through actions such as tax reform and limiting concessions,” PwC said. ”Although the Government has attempted to reduce... Read more of this article
Video: Minister Holds Budget Press Conference
The 2017/18 Budget moves Bermuda closer to our goal of having a balanced budget, Finance Minister Bob Richards said today, adding that “projections for 2018/19 indicate that the Current Account surplus will cover interest charges and capital expenditures, meaning that for the first time in 15 years, Government will not be adding new net debt,... Read more of this article
Deloitte Release 2017/18 ‘Budget Snapshot’
Following the delivery of the 2017 Budget by Finance Minister Bob Richards this morning [Feb 24] in the House of Assembly, Deloitte released a ‘Budget Snapshot’, which highlights some of the key points from the Budget Speech, and follows in full below. You can click here to view our live blog, and click here to view all our coverage of the 2017... Read more of this article
Full Document & Highlights: 2017 Budget Speech
Payroll tax reductions for lower income earners and introducing a new Financial Services Tax were two of the financial initiatives revealed as Finance Minister Bob Richards delivered the 2017 Budget in the House of Assembly this morning [Feb 24]. A copy of the full Budget statement is below, you can view our live blog on the Budget here, all our coverage... Read more of this article
Charts Only: 2017-2018 Bermuda Budget
For those seeking a quick visual view of the 2017 Budget delivered in the House of Assembly by Finance Minister Bob Richards this morning [Feb 24], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2016 Budget are here, the 2015 Budget are here, 2014 Budget are here, 2013 Budget are here, 2012 Budget are here,... Read more of this article
Charity Leader’s ‘Wish List’ For 2017 Budget
“Our budget wish is for collective strategies around supporting social services providers, who greatly lessen the burden of the Government to provide a striving society for our Bermuda,” the Executive Director of the Centre on Philanthropy Elaine Butterfield said. Ms Butterfield said, “The top of our Budget Wish List includes a healthy... Read more of this article
Column: Pre-Budget Analysis Of Our Economy
[Opinion column written by Larry Burchall] With the national hysteria over the bad deal at the Airport now died down, it’s wise to re-focus on the real enemy of Debt and Bermuda’s weak economy. Laid out for laypersons, not professors or high-level business executives, what follows is a clear and honest analysis of Bermuda’s economy as it was... Read more of this article
Chamber To Host Budget Breakfast On Feb 27
In keeping with a long standing tradition the Bermuda Chamber of Commerce will host its Annual Budget Breakfast on Monday 27 February at The Pier. The Chamber’s Executive Director Kendaree Burgess noted; “We are excited to host our annual Budget Breakfast, to be held the Monday morning immediately following the Friday 24 February Budget Statement. “The... Read more of this article
Chamber’s “Wish List” For Upcoming Budget
The Chamber of Commerce released a ‘wish list’ for the upcoming budget, with some of their ‘wishes’ including reviewing duty threshold for small cars to encourage use of smaller cars, discussion around a simplified process to clear goods through customs for retailers, and Stamp Duty on the sale of properties to remain unchanged. The... Read more of this article
