Hashtag: #2018Budget

Column: Famous On Revising The 60/40 Rule

Column: Famous On Revising The 60/40 Rule

[Opinion column written by MP Chris Famous]  Momma always told us, often via wooden spoon, “It is not what you say but how you say it. It is not what you do but how you do it.” As we all know mama, and her wooden spoon, was always right. Approximately 4 years ago former Finance Minister Bob Richards spoke about the need to abolish the 60/40 rule... Read more of this article

‘Government Moving Swiftly, But Very Carefully’

‘Government Moving Swiftly, But Very Carefully’

“The Opposition’s Budget reply regarding blockchain and cryptocurrency lacked vision,” Minister of National Security Wayne Caines said, adding that it “has the potential of transforming our economy by creating entirely new industries” and the Government is “moving swiftly, but very carefully in this space.”Opposition’s... Read more of this article

Full Text: Opposition Reply To 2018/19 Budget

Full Text: Opposition Reply To 2018/19 Budget

The Budget “does not deliver on all its promises” and “many of the policies presented are entirely aspirational in nature,” Opposition Leader and Shadow Finance Minister Jeanne Atherden said as she delivered the Opposition’s Reply to the 2018/19 Budget in the House of Assembly today [Feb 23]. “The OBA has paved the... Read more of this article

Video: Opposition Reply To 2018/19 Budget

Video: Opposition Reply To 2018/19 Budget

[Updated] Opposition Leader and Shadow Finance Minister Jeanne Atherden will deliver the Opposition’s Reply to the 2018/19 Budget in the House of Assembly today [Feb 23], and you can watch the reply from Parliament via a live video below, which is set to begin sometime after 10.00am.Increasing access to capital for Bermudians by reforming the 60/40... Read more of this article

Charts Only: Opposition’s 2018 Budget Reply

Charts Only: Opposition’s 2018 Budget Reply

For those seeking a quick visual view of the Opposition’s official response to the 2018 Budget, which was delivered in the House of Assembly by Opposition Leader and Shadow Finance Minister Jeanne Atherden today [Feb 23], the charts extracted from the Reply are below. You can view our live updates of the Budget Reply here, the complete Reply to the... Read more of this article

Video: Transport Minister On 2018/19 Budget

Video: Transport Minister On 2018/19 Budget

$3 million has been allocated to purchase of eight new buses, half a million to restart the solar rebate programme, and Marine & Ports and the Public Transportation Department will be moving towards electronic fare collections. These were a few of the initiatives mentioned as the Minister of Transport and Regulatory Affairs Walter Roban held a press... Read more of this article

Govt Will Revise Height Restrictions In Hamilton

Govt Will Revise Height Restrictions In Hamilton

Government will revise height restrictions in the Hamilton Economic Empowerment Zone for residential and mixed-use development, Premier David Burt in the 2018/19 Budget, with the Government also set to relax condominium ownership restrictions for approved developments. In addition, Government will temporarily increase land tax rates on commercial properties... Read more of this article

ABIR ‘Encouraged’ By Bermuda 2018/19 Budget

ABIR ‘Encouraged’ By Bermuda 2018/19 Budget

The Association of Bermuda Insurers and Reinsurers [ABIR] said they are “encouraged” by the 2018/19 Budget priorities “around growing the economy and, by extension, jobs, by developing FinTech and encouraging international investment, as well as by holding the line on payroll taxes.” “These initiatives signal efforts to... Read more of this article

Video: Premier David Burt On 2018/19 Budget

Video: Premier David Burt On 2018/19 Budget

[Updated] Premier and Minister of Finance David Burt is holding a press conference this afternoon [Feb 19] to speak on the 2018/19 Budget. We will have additional coverage later on, you can view all our coverage of the Budget here, and in the meantime the live video of Premier Burt’s press conference is below. Update: The 23-minute live video replay... Read more of this article

Tax Reductions For Those Earning Under $96K

Tax Reductions For Those Earning Under $96K

Government will reduce payroll tax for those earning less than $96,000, eliminate the employer portion of payroll tax for any disabled employee, and reform the ‘notional salaries’ payroll tax concept, Premier and Minister of Finance David Burt announced. Payroll Taxes Are ‘Enemy Of Job Creation’ In delivering the 2018 Budget... Read more of this article

Premier: 60/40 Ownership Rule To Be Revised

Premier: 60/40 Ownership Rule To Be Revised

“We will increase access to capital for Bermudians by reforming the 60/40 rule to one that only requires 40% Bermudian ownership in order to operate in the domestic economy,” Premier and Minister of Finance David Burt said in today’s 2018/19 Budget. The 60/40 rule generally requires local companies to be at least 60% Bermudian owned, so this... Read more of this article

BDA: ‘Govt’s Budget Is Prudent & Enterprising’

BDA: ‘Govt’s Budget Is Prudent & Enterprising’

“The Bermuda Business Development Agency congratulates the government on a Budget that is prudent and enterprising,” BDA CEO Ross Webber said following the delivery of the 2018/19 Budget today. “As the Premier noted, the theme throughout is growth, something our agency dedicates effort here and abroad to achieving in our economy,”... Read more of this article

Chamber: Initial Views On Budget Are Positive

Chamber: Initial Views On Budget Are Positive

“The Chamber’s initial views on the 2018/2019 Budget are positive,” President of the Chamber of Commerce John Wight said following this morning’s [Feb 16] budget, adding they “felt that it was thoughtfully prepared and well balanced, focusing on job growth and diversifying the economy while at the same time being mindful of the... Read more of this article