Comments on: ‘Additional Yield Of Approximately $147 Million’

By: same old 2 and 6

same old 2 and 6 — Tue, 20 Nov 2018 15:45:17 +0000

1. Those skirting their taxes are to pay their fair share.

2. Keep the tax rate as low as possible.

3. Manage the public purse better – outsource as many government departments as possible to keep the monies and spending in order – it is all about accountability which the public sector seems to have a hard time with no matter who is in power.

4. Find ways to stimulate the economy – it is called having a vision for the future of Bermuda.

5. All Bermudians should work together in this regard – be part of the solution and not part of the problem. Is this too idealistic?

KISS – keep is simple stupid. Easy enough . . . come on people!!!

By: same old 2 and 4

same old 2 and 4 — Tue, 20 Nov 2018 14:42:46 +0000

How about just getting the people who completely skirt paying taxes to pay their fair share. What a concept?!

By: aceboy

aceboy — Tue, 20 Nov 2018 10:12:25 +0000

There will be a whole bunch of derelict buildings in Hamilton within a couple of years.

The only way to grow an economy is to reduce taxes.

Zane was in the news a couple of days ago talking about tax relief for those in the vacation rental business. Then this.

Zane owns a business and understands. Furbert has no clue.

By: newperspective

newperspective — Mon, 19 Nov 2018 21:43:19 +0000

From 1996 to 2013 the Government-the-day (UPB,PLP and OBA)were only able to extract, on average, 16% of GDP. During 1998 to 2012 the PLP maintained the same average when the GDP doubled and yet the taxpayer’s purse did not in proportion to GDP growth. One only need read the Auditor General’s reports from 2007 to 2012, and the Commission of Enquiry into the Government accounts from 2010 to 2012 to understand why!!

The very same leadership, with the help of ex-UBP/OBA members of Parliament, now realize the unfair tax burden is the problem. The real problem is self-interest which is still very much in play.

I am all for the principle of Government’s tax income as percentage of GDP. It has maintain a sustainable GDP growth, increase the working population,improve operation efficiency(implement SAGE Commission recommendations)and tax reform.

GDP=Working Population + productivity. Unless do this, we will fail!!

By: Chart

Chart — Mon, 19 Nov 2018 17:43:02 +0000

What a disaster for middle class Bermudians.

By: gustav

gustav — Mon, 19 Nov 2018 16:45:34 +0000

it is unbelievable….
do they really know what they are doing ?
anyway
it is decided
I will close down my little shop here in Bermuda ( by end of June 2019 ) and move over to another island.
that effects 4 persons , two are ‘nasty’ foreigners and two are Bermudians who can look after a job in the fintech industry
reasons :
increasing taxations in Bermuda ( everything got more and more expensive )
extremely high labor costs , due to above
extremely high living costs ( and I don’t see an end )
race driven environment , all foreigners are ‘evils’

now many of the so-called grass root Bermudians will cheer and say : we don’t need you , bye-bye

I am just a little piece of the cake ( IB ) but have a look into the offers for home sales and rent. the numbers climb almost every day.
what does that mean ?
many company will reduce their presence here or at least reduce it .
good – more jobs for Bermudians , or is it just that they fade away and take the jobs ( for foreigners as well as Bermudians ) with them ?

good luck Bermuda , increase the CS and tax the remaining population much , much more

By: Onion

Onion — Mon, 19 Nov 2018 15:56:45 +0000

$2370 per person per year less for every Bermudian.

By: Anbu

Anbu — Mon, 19 Nov 2018 15:06:46 +0000

OJ? Cmon man, i know u have something. Howz it feel mate? Everything they said they wouldnt do they r doing and guess whos feeling it the most? U and me. BRO

By: stormy daniels

stormy daniels — Mon, 19 Nov 2018 14:39:43 +0000

Probably an idea from the coffee shop.

By: J Austen

J Austen — Mon, 19 Nov 2018 14:00:20 +0000

There are a lot of sensible realizable savings that could be implemented instead of raising taxes – which the less well off always end up paying for in the end as the smart money simply moves on…

Halve the number of MPs or cut their salary in half – minimum savings $990,000.00 per year

Get rid of TCD vehicle inspections and have this work done by certified private garages

Get rid of the entire ministry of education and put headmasters in charge of schools and their reappointments results contingent.

Halve the size of the self serving, self perpetuating BMA. Half of what they do is a complete joke, just ask CID if you don’t believe me. BMA is a large part of the problem businesses do not choose to establish here.

Ban all Government overtime. It’s a racket, it you make it available, of course a way will be found to avail of it.

More submissions to this newly constituted independent commission are welcome.

By: Big Owl

Big Owl — Mon, 19 Nov 2018 13:00:03 +0000

boooo PLP boooo ruining the lives of every bermudian here to cover for your own mistakes and loss of billions when in power last. boooooo you better fix this, not make it worse for us!!!

By: inna

inna — Mon, 19 Nov 2018 12:44:57 +0000

I hate to say it, but majority of the PLP MPs are taking home more money than they ever have!!

Dont expect the gravy train to dry up any time soon!!

By: Politricks

Politricks — Mon, 19 Nov 2018 12:30:36 +0000

These guys are going to kill of the rest of the Bermuda economy with the hike in FCPT alone.

By: Button Head

Button Head — Mon, 19 Nov 2018 11:50:44 +0000

My opinion.If they looked closely at the FAT they could trim from the over bloated civil service, less TRIPS, less useless brain dead initiatives and PAY ATTENTION TO the OVERSPENDS and actually TIGHTEN THEIR OBSSEION with spend and actually keep within or better UNDER budget they could save far more than this new proposal. RUN IT LIKE A BUSINESS NOT A CANDY STORE.Shows their acumen for running a real business

By: Ringmaster

Ringmaster — Mon, 19 Nov 2018 11:44:49 +0000

The irony of linking revenue to Bermuda’s GDP which is not calculated in the normal way. For example GDP rose when the Civil Servants were given a pay rise. So the tax will increase to pay for more debt, not to pay down debt. Since the Government is unable to collect all of the present taxes, why create new ones? Taxes should be reduced, and this can be achieved by reducing the cost of Government and collecting outstanding and current taxes.

By: Joe Bloggs

Joe Bloggs — Mon, 19 Nov 2018 11:34:19 +0000

As long as we have a government that is determined to spend more than it rakes in then this is the way to go. Tax the “haves” until the “have nots” drive them from Bermuda.

By: sandgrownan

sandgrownan — Mon, 19 Nov 2018 10:59:55 +0000

A flatlining economy, no growth, and more taxes. Yup, just the ticket. Declining demand for goods and services, and more redundancies to come.

Utterly clueless. 15 years of abject failure.

By: Question

Question — Mon, 19 Nov 2018 10:24:21 +0000

So that’s an extra $147m they plan to take from us.

That’s a measure of how incompetent and inefficient this government is. Any idiot can spend more money. It takes no talent at all. The PLP are $147m more inefficient than anyone else. That’s the extra cost of having voted these clowns in.

By: eyes wide open

eyes wide open — Mon, 19 Nov 2018 06:24:18 +0000

the plp have decimated the public purse and now looking for other ways to get their hands on people’s money.

By: A Little wisdom

A Little wisdom — Mon, 19 Nov 2018 05:48:45 +0000

Tax and tax is always the easy way to purge the money from the country. You cannot build the economy like that. So, where are the jobs in the private sector? It seems that this bunch is clutching at straws. the PLP does not have a clue. Yes! Clueless, opaque, xenophobic, divisive, hypocritical, deceiptful, incompetent, no integrity; up the creek without a pedal.
Unfortunately, protesting out side parliament grounds would be fruitless. Nothing is being done to move us forward whether they are in-house or not. And what is Walton Brown doing about a “ Pathway to Status” to make PRC’s feel welcome and part of us? Will the PLP push them out like it did the exemption companies?

By: J Austen

J Austen — Mon, 19 Nov 2018 03:26:48 +0000

1.75% foreign currency tax – since everything is imported and must be paid for in foreign currency, the price of everything just went up… This is an enormous increase.

Much can be said for all the other new taxes.

The basic problem (like so many countries) is that nobody has the courage to tackle the root cause – a bloated civil service with low productivity.

By: Guy Carri

Guy Carri — Mon, 19 Nov 2018 01:58:30 +0000

NO CLUE on how to grow the economy and attract real business. Tax, tax, tax. All PLp can do is invent new taxes to cover a failing economy and their increased spending. Keep drinking the cool aid. We’re all worse off.

How does this help the avg Bermudian? It doesn’t.

By: kevin

kevin — Mon, 19 Nov 2018 00:58:49 +0000

What a laugh and sorry to say the best they can do is to increase taxes …plp faithful how does this feel …those apartments second houses you were making out pretty good but here comes those 25-11 you voted in to take some of that away hope you are still wearing green. When you put unsuccessful business people in charge you have a good chance of having an unsuccessful government…..lets vote 36-0 you might as well because soon their aren’t going to be enough people left here who care

By: 2 Bermudas

2 Bermudas — Mon, 19 Nov 2018 00:34:55 +0000

Where is the RAGE commission the Pee El Pee was going on about when they were in opposition?!?! Titty milk got them thinking another way now… Ha ha ha!!

By: Trump supporter

Trump supporter — Mon, 19 Nov 2018 00:13:30 +0000

They have no idea..
Wonder if we are going to hear any results from there big trip try8ng to find someone crazy to refinance our debt or whatever.

By: This makes it sound like...

This makes it sound like... — Sun, 18 Nov 2018 23:41:29 +0000

the GVT has come up with some innovative clever way to “yield” new revenue.

Um..nope…. just more tax , increasing the cost of being in Bermuda.

Tax and spend. Go BERMUDA GVT.

Champions.