Comments on: Proposed Beneficial Ownership System Changes

By: bee

bee — Mon, 22 May 2017 18:06:41 +0000

what exactly are you afraid of? completing a form?

By: Risk Mitigation

Risk Mitigation — Mon, 22 May 2017 17:43:34 +0000

The standards here are incredible; and the ability to do business at reasonable costs have increased significantly of late.

I’m for regulation, but it MUST be SENSIBLE; and should NOT make us less competitive.

In addition, the government MUST be more cognizant of the additional costs to small businesses that the BMA’s empire building is creating. It is fact, regulations have cost consequences. One size shoe DOES NOT fit all! Just try to maintain a bank account these days, without a lawyer?

In all likelihood, businesses push these costs to customers; and the cycle continues. Folks at the bottom of the totem pole suffer even more. More importantly, how is our competitiveness impacted (given an already high cost structure)? We continue to see larger businesses rationalize by moving jobs to lower cost jurisdictions?

Here we go again…similarly to placing sin taxes on our tourists manu years back! Mind boggling to say the least! Alarm bells should now be ringing!

What we really need is to be more strategic; and in this vane a study of options to lower the cost of doing business (and living) in Bermuda is LONG overdue.

Where are the SMART folks!

Smiths

By: Joe Bloggs

Joe Bloggs — Mon, 22 May 2017 17:10:31 +0000

This is going to be more complicated than it appears and I can see people looking for beneficial ownership records just to find out what someone else might own.

By: sandgrownan

sandgrownan — Mon, 22 May 2017 16:49:37 +0000

Well that’s an asinine statement. This is actually a very sensible step forward.

Could you image former junior finance minister Burt doing this?

By: oh dear

oh dear — Mon, 22 May 2017 16:41:16 +0000

More paper work- more regulation and more PLP votes. Goodbye UBP