Comments on: Chamber Of Commerce Response To Budget https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/ Bermuda's #1 source for 24/7 breaking news, photos & videos Thu, 09 Apr 2026 19:52:52 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: some beach https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3193542 Sun, 21 Feb 2016 08:58:37 +0000 http://bernews.com/?p=494845#comment-3193542 Mmm’kaaaay?

]]> By: Onion Juice https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3193442 Sun, 21 Feb 2016 02:01:48 +0000 http://bernews.com/?p=494845#comment-3193442 Chamber of Commerce, BTA = U.B.P.

]]> By: JUNK YARD DOG https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3193368 Sat, 20 Feb 2016 22:57:24 +0000 http://bernews.com/?p=494845#comment-3193368 $800, Ask Bernard Madoff.

]]> By: JUNK YARD DOG https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3193201 Sat, 20 Feb 2016 15:04:09 +0000 http://bernews.com/?p=494845#comment-3193201 Question ::: Sit 4 family members around a table in a room and lock the door.

Each family member will have $1,001.oo with which to trade with,
at the end of the day who will be the winner?

Answer ::: None of them

WHY ? The door was locked.

Question ::: Is Bermuda that locked room ?

Go Figure !

]]> By: archy https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3193178 Sat, 20 Feb 2016 14:06:24 +0000 http://bernews.com/?p=494845#comment-3193178 or the effects of the oil price crash; or the infrastructure projects over the next five years (did anyone see that cost of the causeway – $100m), the unified customs rate, Govt progress on reducing spending (they got half way), the lack of attention paid to further cost cutting…

]]> By: Need Peace https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3193067 Sat, 20 Feb 2016 08:06:16 +0000 http://bernews.com/?p=494845#comment-3193067 We need more people here?? Let’s start by bringing our Bermudian professionals back home to work instead of foreigners. Isn’t that the same thing? Or do they HAVE to be foreigners? SMDH!

]]> By: The Original Truth https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192994 Sat, 20 Feb 2016 03:53:32 +0000 http://bernews.com/?p=494845#comment-3192994 Sounds real to me. Just it’s most likely not the taxes that’s doing his figures in. It’s probably why the captive manager is feeling the pinch in the first place. Taking advice from the same employees who put them in the mess. Not a good idea.

Though I do agree Truth is killin’ me India is a much better place for sourcing an accountant. Just some business people make unsound decisions that sound odd to those who know better.

]]> By: Keepin' it Real!...4Real! https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192960 Sat, 20 Feb 2016 02:08:02 +0000 http://bernews.com/?p=494845#comment-3192960 Wait till after the AC…you think it’s bad now..? It’s gonna be a slow death people’s.

]]> By: Coffee https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192921 Sat, 20 Feb 2016 00:47:28 +0000 http://bernews.com/?p=494845#comment-3192921 It seems to be very difficult for the Chamber to Be honest !

]]> By: Tom Cooke https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192894 Fri, 19 Feb 2016 23:53:00 +0000 http://bernews.com/?p=494845#comment-3192894 IB would bug out… spellchecker. .

]]> By: Tom Cooke https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192893 Fri, 19 Feb 2016 23:52:08 +0000 http://bernews.com/?p=494845#comment-3192893 2% corporation tax… it was floated a couple of yrs ago… 2%…. I know I would bug out… but if we do nothing… where will we be in 2019. ..

]]> By: Like the gift that keeps on giving https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192864 Fri, 19 Feb 2016 23:05:22 +0000 http://bernews.com/?p=494845#comment-3192864 No no no no!!!!!!

]]> By: Only in Bermuda https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192852 Fri, 19 Feb 2016 22:49:46 +0000 http://bernews.com/?p=494845#comment-3192852 Chamber Of Commerce Response…. “fewer Bermudians entering the workforce than those retiring is a fact and a trend that is worsening and worrying.

Why because this is the only place in the World that overlooks it’s people/Bermudians and bestows jobs to XPATS on a silver plate with the free OBA bumper sticker. More Bermudians unemployed under the OBA clowns and more XPATS coming in.

]]> By: Truth is killin' me... https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192849 Fri, 19 Feb 2016 22:48:59 +0000 http://bernews.com/?p=494845#comment-3192849 @ Family Man…I told you to say India not Philippines! Get the script right and the fear mongering correct or I’m voting you out the next time around!!

]]> By: Jerry https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192818 Fri, 19 Feb 2016 22:07:34 +0000 http://bernews.com/?p=494845#comment-3192818 Wow that 14 years of PLP is costing us heavy

]]> By: Family Man https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192753 Fri, 19 Feb 2016 20:56:12 +0000 http://bernews.com/?p=494845#comment-3192753 The increase in payroll tax is not 1%, its a 7% increase in costs

]]> By: Family Man https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192748 Fri, 19 Feb 2016 20:53:27 +0000 http://bernews.com/?p=494845#comment-3192748 Well thought out?

a 7% increase in payroll tax and a new 5% service tax that companies will incur on audit fees, legal fees, corporate secretarial services, rent, catering ..

I’ve already heard of one captive manager considering moving the accounting work to the Philippines and just keeping the review function and local Directors in Bermuda.

]]> By: jrsmith https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192735 Fri, 19 Feb 2016 20:37:02 +0000 http://bernews.com/?p=494845#comment-3192735 chamber of commerce no comment on GST?

]]> By: archy https://bernews.com/2016/02/bermuda-chamber-commerce-budget-2016-17/#comment-3192706 Fri, 19 Feb 2016 19:58:45 +0000 http://bernews.com/?p=494845#comment-3192706 It seems certain that we will have a 5 percent services tax, we have a per percent increase in payroll, we have increased duties to pay – and Govt failed to meeting its 15 percent target of cost reduction it said it needed. The OBA started off with austerity budgets – now we have a tax tax tax budget. How much can the private sector take? Chamber – why are you not highlighting this?
And, if you read the budget carefully, you will see how much the crash in oil prices has contributed to GDP growth – where would we be if oil prices had not slumped – where will we be, if they go up again?
Oh and by the way, oil prices have gone down for the consumer, so the Govt increased duty … cheers.

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