Hashtag: #2018Budget

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

PwC Release 2018 Budget Highlight Summary

PwC Release 2018 Budget Highlight Summary

Following the delivery of the 2018/19 Budget  this morning [Feb 16] by Premier and Minister of Finance David Burt, PwC Bermuda released a highlight summary sheet. “This budget has a clear focus on growth and job creation, with new incentives for entrepreneurs and job repatriation, and decreased payroll tax for the lower paid and those with... Read more of this article

Deloitte Release 2018/19 ‘Budget Snapshot’

Deloitte Release 2018/19 ‘Budget Snapshot’

Following the delivery of the 2018 Budget by Premier and Minister of Finance David Burt this morning [Feb 16] 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... Read more of this article

Live Updates & Video: Premier Delivers Budget

Live Updates & Video: Premier Delivers Budget

[Updating] Premier and Minister of Finance David Burt is set to deliver the 2018 Budget in the House of Assembly this morning [Feb 16], which will set out the Government’s financial plans for the upcoming fiscal year. Live video of the Budget courtesy of Govt television channel CITV:This budget will be the first Budget delivered by the PLP Government... Read more of this article

Full Document, Video & Highlights: 2018 Budget

Full Document, Video & Highlights: 2018 Budget

Increasing access to capital for Bermudians by reforming the 60/40 rule to one that only requires 40% Bermudian ownership and adjusting payroll tax employee rate to provide tax reductions to those earning less than $96,000 were two of the initiatives unveiled as Premier and Minister of Finance David Burt delivered the 2018 Budget in the House of Assembly... Read more of this article

Charts Only: 2018-2019 Bermuda Budget

Charts Only: 2018-2019 Bermuda Budget

For those seeking a quick visual view of the 2018 Budget delivered in the House of Assembly by Premier and Minister of Finance David Burt this morning [Feb 16], the charts extracted from the Budget are below. For comparison’s sake, charts from the 2017 Budget are here, the 2016 Budget are here, the 2015 Budget are here, 2014 Budget are here,... Read more of this article

Greenrock Comments On Upcoming Budget

Greenrock Comments On Upcoming Budget

Greenrock has outlined its hopes for today’s budget, highlighting a number of things that they would like to see included. A spokesperson said, “One thing we are hoping to see is increased support for environmental education in the school system, which we think is very important for supporting STEAM learning. Additionally, we know that through... Read more of this article

Teachers Union Hoping For Boost In Budget

Teachers Union Hoping For Boost In Budget

Teachers are buying basic school necessities out of their own pockets, according to the Bermuda Union of Teachers which is hoping for a boost in education spending in this year’s budget. The Teachers Union’s statement comes in advance of the 2018/19 Budget, which will be delivered by Premier and Minister of Finance David Burt this Friday... Read more of this article