Hashtag: #2017Budget

Premier: Budget Supports, Addresses Challenges

Premier: Budget Supports, Addresses Challenges

“We have worked hard to ensure this year’s Budget addressed our serious external challenges, while making sure that the people we serve here at home – our fellow Bermudians – are properly supported and cared for,” Premier Michael Dunkley said today. Speaking on the 2017 Budget, the Premier said, “I am particularly proud of our... Read more of this article

Minister: Trump, UK, Taxes & Impact On Bermuda

Minister: Trump, UK, Taxes & Impact On Bermuda

While delivering the 2017 Budget, Finance Minister Bob Richards addressed some of the developments taking place around the world and their possible impact on Bermuda, saying it is “part of the current international reality impacting and threatening the standard of living of all Bermudians” as the “risks to our international business... Read more of this article

Chamber: Initial Views On Budget Are “Mixed”

Chamber: Initial Views On Budget Are “Mixed”

“Our initial views are mixed,” Chamber of Commerce President John Wight said following today’s Budget, as “increased company payroll taxes and rolled-back tax concessions to restaurants and retailers mean that these businesses will have no choice but to pass on these costs to consumers, or reduce their workforce.” “In... Read more of this article

ABIR Comments On Planned Payroll Tax Change

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

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

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

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

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’

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

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

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

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

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