Comments on: Full Document & Extracts: 2020 Budget Speech https://bernews.com/2020/02/full-document-20202021-budget-speech/ Bermuda's #1 source for 24/7 breaking news, photos & videos Sun, 12 Apr 2026 17:32:17 +0000 hourly 1 http://wordpress.org/?v=3.7.5 By: Joe Bloggs https://bernews.com/2020/02/full-document-20202021-budget-speech/#comment-5236875 Fri, 21 Feb 2020 16:48:26 +0000 http://bernews.com/?p=956349#comment-5236875 “The cost of this tax relief will be partially offset by modest increases in the employee portion of the payroll tax for those earning more than $96,000.”

Take from the middle class and give to the poor.

“redefine the “Large Ship Infrastructure Tax” as the “Transport Infrastructure Tax”. Additionally, the tax rate will be increased from $22.00 to $25.00 per passenger over the age of two. The new rate will take effect from 1 May 2020 for all cruise ships that berth in Dockyard between 1 April and 31 October, regardless of size or passenger count.”

Tax the tourists who already find Bermuda very expensive.

“The 2020/21 grant to the BTA of $22.5 million has been maintained at the same level as 2019/20. However, as note earlier, the pending restructuring of the BTA may cause some of this grant to be redirected as a result of the restructuring.”

And the taking back political control of tourism is still on the cards.

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